It seems like it was just yesterday that Miami was the epicentre of the basketball universe with everyone running around in their basketball apparel for March Madness. After the 2013 NBA Finals, the Heat had simply won two straight NBA titles, with three of the best basketball players on earth on its line-up, and the pledge of a long championship dynasty on the cards.
After four years later, “The Big 3” might be coming to an end (in addition to the lack of worldwide attention to it), however Miami basketball stays very much alive and well, thanks to a brand-new Heat squad fighting for a spot in the playoffs, and a University of Miami Hurricanes team that has become a regular fixture in the “March Madness” NCAA competition. Miami property also stays extremely desirable to NBA players, alumni, and coaches, drawn to the city’s climate, culture, dining, and lifestyle. Let’s have a look at the Miami basketball real estate purchases.
$2.475 million: February 2017 list price of the Miami Heat head coach Eric Spoelstra’s Coconut Grove house, which he purchased in May 2016. Spoelstra took a $125,000 loss in the transaction, and has moved to a brand-new, undisclosed waterside home with magnificent landscaping and beach side views, featuring a display showcase full of Miami Heat trophies.
148-A: The area in Hard Rock Stadium where Miami Dolphins fans can discover Grown; a healthy fast-food dining establishment owned and operated by previous Miami Heat player Ray Allen and partner Shannon. Grown has another establishment in South Miami, near Dadeland Shopping mall. The eateries are a hit for both the food and the chance of seeing the Heat player.
$4.85 million: The cost of Tyler Johnson’s mansion located in Pinecrest, which the Miami Heat combination guard purchased after signing a $50 million deal with the team. The home consists of six bed rooms and a whopping ten bathrooms, state of the art chef’s kitchen areas with room for two people to cook, a media room, games room, advanced security system, a large glass showcase featuring memorabilia, elevator, and a half-court basketball court fenced off with retaining walls and a luscious garden design.
$330,000: Is the newest asking rate of Glen Rice’s condo apartment in the downtown Neo Vertika structure. The previous Miami Heat great bought the unit 11 years ago for $317,000, and initially attempted listing it a year ago for $460,000 for which it didn’t sell and he is hoping a reduction in the rate will attract buyers.
7,200 square foot: It would appear Flo Rida acquired the Miami home of his music producer Elric “E-Class” Prince, per the Miami Herald, with the Hialeah estate consisting of a Miami Heat-themed basketball court outside.
The report states that “according to a deed filed in Miami-Dade County last week, Flo … took out a mortgage for $1,040,000 and got Prince’s five-bedroom, five-bathroom, 7,200 square-foot house in the North Links Country Club area of Hialeah.”
Initially listed in September of last year, the ultimate list price wasn’t public however the home was formerly asking as much as $1.6 million prior to getting reduced to $1.35 million. It likewise consists of indoor and outside Jacuzzis in addition to smart tablets that control air conditioning, shading, music, and lighting throughout your home.
The house is situated within the North Hyperlinks Country Club; it was one of the greatest priced homes for sale in Hialeah and consists of five bedrooms, five bathrooms, two pools and one of a kind pool landscaping.
Prince, who is the CEO of Poe Kid Music Group and has worked with Rick Ross, bought the property for $520,000 in 2012.
It seems basketballer’s are buying up big in the area and this is sure to continue, which is good news for the real-estate industry.