According to a story in the Wall Street Journal, the former NBA player Dwyane Wade has found a buyer for the property he owns in Miami Beach. It has been reported that he and his wife, the actress Gabrielle Union, have reached an agreement for $22 million.
The house has a current listing price of $26.5 million and is in the process of going through the pending sale status on the market.
During his time as a prominent player for the Miami Heat in 2010, Wade paid a total of $10,645,000 to acquire the property. After that, he started working on a complete overhaul of the waterside home from top to bottom.
Dwayne Wade’s Miami Beach mansion.
Outdoor covered space
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.