Dwyane Wade and Gabrielle Union Sell their Miami Beach Waterfront Mansion for $22 Million
What a crazy week for luxury real estate! Another mansion just sold in Miami Beach by none other than retired Miami Heat basketball player, Dwyane Wade and wife, Gabrielle Union.
Wade and Union first purchased the home located at 5980 North Bay Road in Miami Beach in 2010 for $10.6 million. The couple originally listed the home for $32.5 million in 2019 and lowered the price in December 2020 to $20.6 million. The home has been under contract with the same buyer since January of this year and just closed on June 1, 2021.
Sitting on 13,800 square feet of living, the 6-bedroom, 9 full bathrooms, and 2 half bathrooms is infused with Spanish architecture mixed with contemporary designs throughout. The chef’s kitchen features neutral tones and quartz countertops with Sub-zero and Wolfe appliances. The home also boasts an impressive master suite, wine cellar, and a large theater.
The home sits on professionally manicured 1 acre parcel with an expansive pool overlooking Biscayne Bay, boat dock, outdoor kitchen, guest house, outdoor basketball court, and playground.
The buyer for this property has not been disclosed. Wade and Union are currently residing in Los Angeles where they purchased a Hidden Hills Mansion for $18 million in 2020.
Dwyane Wade retired from his 16-year Miami Heat basketball career in 2019. Wade holds the Miami titles for all-time leader in points, games, assists, steals, shots made, and shots taken. He is also a minority owner of the Utah Jazz.
Gabriel Union is an American actress, activist, and voice actor. She has stared in movie roles on Bad Boys II, Bring It On, and She’s All That. Time Magazine included Union in the 100 Most Influential People in the World of 2020 magazine edition.
Jennifer Lopez and Ben Affleck Rent a Waterfront Mansion in Miami Beach
As news continues to spread of Jennifer Lopez and Ben Affleck’s rekindling, it was recently announced that the couple have rented a Miami Beach mansion at 2700 North Bay Road in the North Bay Road neighborhood. North Bay Road features some of the most exclusive properties in South Florida, and has a reputation of luxury, exclusivity, and celebrity appeal.
Lopez and Affleck’s current residence was originally listed at $130,000 a month and still remains active on Miami’s Multiple Listing Service. With Bayfront views, this estate sits on 0.6 acres with 100 feet of water frontage.
With 11 bedrooms, 12 full bathrooms, and 3 half baths, this stunning 2-story residence features 10,114 square feet of living space. Additionally, the home features a guest house, 3 parking garages, gym, office, master suite with expansive balcony, large pool, jacuzzi, spa, and boat dock.
Originally built in 1925 by MV Group USA, the home was renovated in 2015 with a more modern and minimalist design. The home was originally listed for sale in December 2020 for $18.9 million and sold to a Jewelry designer, Paul Morelli in April 2021 for $17.5 million. The home was then listed for rent for $130,000 monthly and the status is still showing as ‘active’ in the MLS. According to the New York Post, Lopez is the one who rented the mansion.
Jennifer Lopez has previously owned in the neighborhood at 5800 North Bay Road but sold the property to Phil Collins for $33 million in 2015. Lopez and recent ex-fiancé, Alex Rodriguez purchased a home together on Star Island in Miami in late 2020 and it is unclear what they plan to do with the home since their separation.
Lopez and Affleck were previously engaged in 2002 but separated in 2003. Alex Rodriguez is still living in Miami at his other home located in Coral Gables, Florida.
Miami Heat Guard Victor Oladipo Buys Miami Beach Mansion for $7.75 Million
A two-time Miami Heat All Star, Victor Oladipo recently purchased a Miami Beach mansion for $7.75 million with an original list price of $7.9 million.
The immaculate home located in a gated community on Hibiscus Drive features 6,900 square-feet of living space on 0.33 acres. Developed by Hassan Jalali of H2 Construction, this home was originally a spec home when it was first built in 2019.
This mansion features 7 bedrooms, 7.5 bathrooms, pool, and a pool house. According to the listing agent, the home is one of the largest non-waterfront homes in Miami Beach. It doesn’t take away from the gorgeous views of the wrap around pool with unique water features.
The main floor features an open floor plan with a chef’s kitchen, formal dining room, and maid’s corner. The second floor is especially unique with two master suites and three en suite bedrooms.
Victor Oladipo played college basketball for the Indian Hoosiers where he was named Sporting News ‘Men’s college Basketball Player of the Year’, Co-‘NABC Defensive Player of the Year’, and a first-team ‘All-American’. In the 2013 NBA Draft, he was the 2nd overall pick by the Orlando Magic and was named NBA All-Rookie first team. Oladipo has also played for the the Oklahoma City Thunder and the Indiana Pacers.
Cryptocurrency Making Headway in Real Estate – Miami’s First Development Will Start Accepting Digital Currency
The real estate market is changing and it’s happening fast! We have seen sellers accepting cryptocurrency with offers as a bargaining chip and now we have our first Miami development accepting the digital platform currency for their development.
Arte Surfside Miami Beach is the first to join the cryptocurrency movement! Arte has officially partnered with SolidBlock, a securities trading platform, to provide safe and secure transactions for buying and selling needs.
SolidBlock’s is an end-to-end platform that helps real estate developers and fund managers raise funds offering digital securities. This platform assists with ‘tokening’ assets and selling shares in exchange for cryptocurrency. They believe that helping reduce overhead costs by moving quickly as well as structuring the safety for your business needs will achieve the highest level of cryptocurrency trading satisfaction. SolidBlock was founded in 2018 and has just recently expanded to the United States.
According to the Developer for Arte Surfside, Giovanni Fasciano, “Cryptocurrency is not only viable and sustainable new asset, it’s also the future of wealth. As more technology executives move to Miami and bring cryptocurrency along with them, it is crucial that buildings start to devise plans to make blockchain transactions easier and more secure for investors…”
Arte Surfside is setting the bar for real estate transactions in Miami and we are excited to see what is in store. The future of real estate is here. Are you ready?
The Venetian Causeway Upgraded One of Miami’s Most Used Bike Routes
The Venetian Causeway, which is home to one of Miami’s most popular bike route, has upgraded the experience for cyclists by unveiling green bike lanes. The high emphasis green bike lane project began in December with plans to have it completed in the coming months.
The slip-resistant lanes were created to promote a “share the road” mentality, so that drivers, cyclists, and pedestrians could all have an enjoyable experience. Originally, the lanes were only planned to cover the Miami Beach city limit stretch but the county later agreed to allocate additional funds so that each 2.5-mile stretch could be covered.
The lanes head both east and west, so riders can enjoy the new bike lanes heading into and out of Miami Beach. Additionally, if you are riding east and heading for South Beach, you’ll now be able to find 65 long-term parking spots in the 17th Street garage. Miami Beach unveiled these spots last week with an option to park overnight if needed.
With the new green bike lanes providing cyclists with a safer biking experience, the Venetian Causeway should remain one of Miamians favorite bike routes for many more years to come.
Michelin-Starred Restaurant Azabu Opens Friday in Miami Beach
Originally set to open October of 2017, Azabu Miami Beach will finally debut this Friday, January 19th inside the Mariott Stanton South Beach. The considerable postponement of the restaurant’s opening is attributed to Hurricane Irma, which rocked South Florida in early September. Azabu’s original concept was launched in New York by Japanese global hospitality group, Plan Do See, and according to the Miami New Times, the group’s continued desire to expand the brand led them to open its next location right here in South Beach’s South of Fifth neighborhood.
Headed up by the Tokyo-trained Chef Masatsugu “Masa” Kubo and mixologist Davide Borgia, Azabu will feature a hidden sushi counter, a formal dining room, and a cocktail bar featuring sake and whiskeys of both international and local brands. Many of the restaurant’s dishes will be cooked on a robata (a Japanese charcoal grill) and served in an izakaya dining style. This means guests will be able to order a variety of small, shareable plates served when ready, as opposed to all at once. The menu will include delicious plates like the miyazaki Wagyu tataki with a truffle ponzu and the king crab with crab miso, and tasty desserts such as the jelly-based Japanese raindrop cake.
For those seeking a more intimate setting, Azabu will have an 11-seat bar accessible only through the kitchen, where an omakase-style dining experience will include both local and imported seafood, regularly flown in from Japan.
Art Basel Special: Top Miami Trophy Properties Day 2
Last week, we were invited for a tour of the Penthouse Collection at 1 Homes South Beach and WOW! The way that the residences and hotel have been redesigned by internationally renowned Brazilian interior designer, Debora Aguiar, it is as though you are living in nature in the most glamorous way.
Ms Aguiar used an abundance of plant life in the most creative ways, driftwood finishings to bring the feel of a beach house into the development and oversized windows and terraces to really celebrate the project’s oceanfront location. She also tied in all of the modern conveniences and elegant touches that you would expect in a South Beach trophy property. To be honest, after the tour, I could have filled the entire week-long series with trophy residences here, but let’s start with one.
For those who have not yet visited 1 Homes, it is located along Collins just between the W South Beach (where Zaha Hadid lived) and the Faena District. It is walking distance to the Bass Museum of Art as well as the Miami Beach Convention Center, which makes for another reason it should be included on this week’s list.
Penthouse 1610 is located on the southeast corner of the building, offering amazing sunrise views of the ocean and plenty of large windows for those who enjoy the afternoon breeze. It has 4 bedrooms, 5.5 baths and a den over two levels. There is 3,955 square feet of interior living space and 745 square feet of terraces overlooking the pool area and beach. The apartment is fully finished and furnished by Rose Ink Workshop, a local interior design company founded by Liubasha Rose, the famed former Vice President of Design at Starwood Capital Group. It is estimated that $150,000 was spent on furnishings in each room of this penthouse.
Owners enjoy all the privileges and conveniences of resort living at this LEED certified property while having access to four elevated oceanfront swimming pools, an onsite SoulCycle studio, a 18,000-square-foot spa and fitness center, priority seating at three exceptional restaurants and bars from award-winning chef Tom Colicchio, and a stylish rooftop pool and restaurant-bar with panoramic views of the Atlantic Ocean and Miami skyline.
The penthouse is available for purchase for $20 million including all of the services offered to members of 1 Homes. You are also welcome to use any of the other 1 Homes locations, which include Brooklyn and Central Park in New York as well as Cabo San Lucas in Mexico and will soon include West Hollywood, Haitang Bay China, and Silicon Valley.
Pritzker Prize-winning starchitect, Renzo Piano’s 87 Park will soon rise from the site just north of North Shore Park in Miami Beach. The developer, Terra Group, has finalized their construction loan and completed the 300 foundation pilings necessary to start bringing the 18 story project vertical.
Sales were launched in 2016, attracting the likes of Michael Huffington, the Conde Nast family and tennis star Novak Djokovic, all of whom are among the buyers in the 66 unit project that is now 60% sold. The boutique tower was named based upon it’s location, nestled between two parks at 87th Street and Collins.
The 35 acre North Shore Park to the South is set to be redeveloped with money contributed by the developer. This park will be shared with the public, but a more secluded park will also be available only to residents. Each of the 66 apartments will come with a key to the door and a key to the park, much the way New Yorkers covet a key to Gramercy Park. The private key park will be built by the designers of the new New York Governor’s Island.
Prices start at $1.7 million up to $45 million for the penthouse, which comes with a rooftop terrace and private pool overlooking the ocean.
Louver House Is Over Half Closed; New Pics
Nearly two months to the day after they received their certificate of occupancy, South of Fifth’s Louver House has closed over half of their sales. The boutique development has closed 7 of only 12 units just steps from the beach in Miami Beach’s family friendly and super walkable South of Fifth neighborhood.
The project was designed by award-winning Miami architect, Rene Gonzalez, who sought to incorporate the residents’ desire for privacy with their love of the outdoors. The building’s signature architectural detail, the louvers, serve to offer beauty, privacy, shade and fresh air. They also offer a beach concierge for the residents.
“We’re excited to finally present Louver House because it has all the key elements buyers are looking for in today’s luxury residential real estate market,” says Camilo Miguel Jr., CEO of Mast Capital, the developer. “To us, luxury is about amazing finishes, expansive spaces and the ability to enjoy a sense of privacy. This building offers a unique lifestyle that places residents in one of Miami Beach’s most exciting neighborhoods, but because of its small scale, also serves as an exclusive, family-friendly enclave.”
Remaining opportunities are listed for between $2.575 million up to $3.1 million for purchase and $11,000-$13,000 per month for rent. The remaining four residences are all floor plans with 3 bedrooms and 3.5 baths. The square footage ranges between 2,000-2,500 square feet.
