June 5, 2013
After an intense 7-game series with the Indiana Pacers, the Miami Heat are headed to the NBA Finals to take on the San Antonio Spurs. Luckily, the star athletes can rest up in some of Miami’s most sought-after property during the team’s rare downtime. Off the basketball court, Heat players have been active in Miami’s booming real estate market.
LeBron James resides in a 12,000-square-foot, Coconut Grove home he purchased for 9 million dollars. The estate features 6 bedrooms and 8.5 bathrooms. Teammate Chris Bosh purchased a 12.5 million dollar home on North Bay Road in Miami Beach. Dwyane Wade also lives on exclusive North Bay Road. His luxury waterfront home contains an impressive 13,000 square feet.
The players aren’t the only Heat members with impressive real estate portfolios. Heat President Pat Riley owns a penthouse in the Apogee, an ultra-exclusive condo building in Miami Beach’s prestigious South of Fifth neighborhood. The 6,200-square-foot penthouse residence was purchased for 11.75 million dollars.
Source: South Florida Business Journal
