Wade and his wife Gabrielle Union are real estate investors. They sold their mansion in Sherman Oaks for $5.5 million in May after purchasing a 17,000-square-foot mansion in Hidden Hills for $17.9 million the previous year.
The $22 million deal is less than the $32.5 million he was seeking for the beachfront property, but it is more than double the $10.645,000 he paid for the property in 2010.
The property was converted into a 12,000-square-foot mansion with a wine cellar, movie theatre, pool, cabana, and private dock by the three-time NBA champion.
The two-story villa in the Mediterranean style has a long, covered entryway, a verdant courtyard, and rustic interiors with vaulted ceilings and wooden floors. Both levels feature dormer windows.
The mansion features six bedrooms, ten bathrooms, and a master suite with a terrace and salon. The backyard has a spiral staircase, playground, and basketball court painted in the colours of the Miami Heat, for whom Wade played the majority of his NBA career.
Wade, 39, has been selected to 13 All-Star teams in 16 NBA seasons. He won three NBA championships and the scoring title in 2009 with the Miami Heat. He retired in 2019 and purchased a stake in the Utah Jazz this year.
Brett Harris of Douglas Elliman negotiated all sides.