NBA Legend Dwyane Wade Sells His Miami Beach Mansion for $22M

David Santiago/Miami Herald/Getty

The retired NBA star Dwyane Wade has scooped up a buyer for his Miami Beach mansion, the Wall Street Journal reported. He and his wife, the actress Gabrielle Union, have reportedly made a deal for $22 million.

The home is currently in pending sale status, and was on the market with a list price of $26.5 million.

Wade had purchased the property in 2010 for $10,645,000, while starring for the Miami Heat. He then embarked on a top-to-bottom renovation of the waterfront residence.

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Dwyane Wade's Miami Beach mansion (Realtor.com)

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Home theater (Realtor.com)

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Pool (Realtor.com)

After retiring from the NBA in 2019, Wade passed his swanky digs onto the market at the hefty price of $32.5 million.

He then dropped the price to $29 million at the end of 2019. A price cut to $26.5 million in 2020 soon followed. To seal a deal, he wound up taking 17% less than the list price.

Even with the renovation costs, Wade is sure to walk away with a profit on his investment.

As for the new owner, the 12,000-square-foot mansion is a winner.

Set behind private gates, the spread offers “exceptionally crafted” East Coast-inspired Spanish architecture, according to the listing. With six bedrooms and 11 bathrooms, the custom construction boasts modern amenities and “no detail or amenity overlooked.”

The interior includes a “chef-caliber” kitchen, with stainless-steel appliances, tile flooring, light wood cabinetry, and a center island.

A living area features beamed ceilings and arched glass doors that open outside. A family room also features a wall of glass. The master suite opens out to a balcony, and includes a sitting area, office, marble-clad bathroom, and a salon for touch-ups.

Other interior spaces include a wine room, game room, and state-of-the-art professional theater.

The home is set on 1 acre right on the water, the grounds include a private dock, a pool, a gazebo with a bar, an outdoor kitchen, and a Miami Heat-themed basketball court. A four-car garage completes the property.

Wade and Union are now based in the L.A. area, and, according to the Real Deal, own a 17,000-square-foot, $18 million mansion in Hidden Hills, an enclave that’s a favorite of celebrities.

The shooting guard played the bulk of his 16-year NBA career with the Heat, winning three NBA titles with the team.

A 13-time All-Star, he’s now a minority owner of the Utah Jazz. Union, who has starred in movies such as “Bring It On,” and multiple TV shows, including “Being Mary Jane” and “L.A.’s Finest,” has also served as a judge on “America’s Got Talent.”

Brett Harris with Douglas Elliman represented the listing.

The post NBA Legend Dwyane Wade Sells His Miami Beach Mansion for $22M appeared first on Real Estate News & Insights | realtor.com®.

source https://www.realtor.com/news/celebrity-real-estate/dwyane-wade-sells-miami-beach-home/