Basketball star Dion Waiters sold his Pinecrest estate for $11.1 million, four years after leaving the Miami Heat for the Lakers. The deal closed at a steep discount from the $18 million he was asking when it hit the market a year ago.
Waiters sold the mansion at 5745 Southwest 94th Street to an LLC named for the address, records show. The true buyer is unknown.
Ashley Velez of Pure Investments had the listing, and Faranak Mehdian of Coldwell Banker Realty brought the buyer.
Waiters was the fourth overall draft pick when he joined the National Basketball League in 2012. He played for the Cleveland Cavaliers from 2012 to 2015, then moved to the Oklahoma City Thunder for one year before joining the Miami Heat in 2016. He signed with the Lakers in 2020, but was suspended shortly afterward for taking edibles on the team plane and calling out sick to party for his birthday, according to published reports. After a three-year hiatus from basketball, Waiters is reportedly trying to get back into the game, and has possibly signed a deal with the Lakers, according to NBA.com.
Waiters bought the Pinecrest mansion for $7.4 million in 2016, property records show. The 13,200-square-foot mansion was built on 2 acres in 2016. The house has nine bedrooms, 11 bathrooms and two half-bathrooms, records show. The property includes a theater, pool and outdoor kitchen, the listing shows.
Waiters listed the estate for $18 million in March of last year, which would have marked a record for Pinecrest had it sold for that price. He slashed the asking price multiple times before closing at $11.1 million, Redfin shows.
Billionaire Jorge Mas, majority owner of Inter Miami, set the Pinecrest price record when he sold his 5-acre estate to the village of Pinecrest for $14 million in January. That beat the price record set in November, when [solidcore] founder Anne Mahlum bought a Pinecrest mansion for $11.3 million, right after a hidden buyer bought a mansion for a record $11.2 million in October. Prior to that, the price record was held by David “Big Papi” Ortiz, the baseball All-Star who sold his Pinecrest house for $10.6 million in June.