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Tyler Herro Buys Pinecrest Mansion

Tyler Herro of the Miami Heat has Purchased a $10.5 Million Mansion in Pinecrest

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Tyler Herro Buys Pinecrest Mansion

Miami Heat guard Tyler Herro just purchased a $10.5 million mansion in Pinecrest of Miami breaking a record for the highest home sold in the community.

The sale broke the Pinecrest record of $10.3 million set earlier this month by the sale of 6155 Southwest 106th Street.

Herro purchased the eight bedroom, eight and a half bathroom mansion located at Southwest 124th Street using a trust managed by Ronald Brown II, which was disclosed to belong to Herro.

Herro’s trust financed $7.4 million of the property from HSBC Bank.

The 9,500-square-foot home was built last year on a nearly 1-acre lot and was originally bought at $5.3 million for the property. According to the listing, the home has a gourmet kitchen, wine cellar, summer kitchen, cabana, pool, and media room. The original list price was at $11.9 million.

Herro recently agreed to terms with the Heat on a four-year, $120 million contract. After one year of college basketball at the University of Kentucky, the shooting guard was drafted by the franchise in 2019. Last season, he was named the NBA’s Sixth Man of the Year, an award given to the league’s best player who came off the bench as a substitute.

Pinecrest and the surrounding neighborhoods have been home to a number of Miami Heat players. A year after signing a four-year, $184 million contract extension with the Heat, all-star small forward Jimmy Butler paid $7.4 million for a home near South Miami in January. Butler sold his Pinecrest home for $7.1 million last year.

Former Miami Real Housewife Cristy Rice, the ex-wife of former Miami Heat player Glen Rice, paid $5.1 million for the home she shared with her ex-husband near Coral Gables and South Miami.

Further east on the ocean, Miami Heat President Pat Riley, dubbed “the Godfather” in the NBA, and his wife, Chris, sold their condo at the Four Seasons Residences at the Surf Club in Surfside for $22.8 million, or a South Florida record $5,775 per square foot.

The History of Brickell Miami

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A 1920's Point View of Millionaire Row
1920’s Point View of ‘Millionaire’s Row’

Over a hundred years ago, Brickell was a neighborhood of luxurious mansions and home to some of the wealthiest families, dubbing the name “Millionaire’s Row.” Located just south of downtown Miami, Brickell is lined with incredible towers, unique restaurants, marinas, and beaches; today Brickell is often referred as ‘Miami’s Manhattan’ as well as the ‘Financial District.’

Brickell’s Earliest Inhabitants

Evidence of Brickell’s earliest inhabitants include the Tequesta Indians, who are believed to have lived in South Florida for more that 2,500 years. The Miami Circle archeological site that is located at the Miami River to Biscayne Bay is the earliest evidence of the Tequesta settlement. According to the archeological site, a Tequesta hut once stood across the river from a burial mound. During construction of a hotel, the mound was destroyed but the circle still remains.

Photo of Will and Mary Brickell.
Will and Mary Brickell

The Brickell Family

Brickell was named after Will and Mary Brickell. They were one of the earliest families recorded to have established a home and a trading post in the Brickell neighborhood in 1871. They purchased large pieces of land and the trading post was located at what is now Fifth Street and Brickell Avenue. The family’s extensive real estate included all of the current Brickell and just south of Coconut Grove. When construction of the railroad reached Miami in 1896, the Brickell’s negotiated the extension of the railroad into Miami, creating a prime location for trade and development.

The Skyscraper Era

During the Great Depression, some homeowners in Brickell began to subdivide their homes, which took on the appearance of ‘rooming houses’ and, after World War II, additional changes of retail and institutional buildings appeared on Brickell Avenue. By the 1980s, the old Millionaire’s Row became the era of towers and skyscrapers and became a banking center headquarters. Atlantis on Brickell is a Miami landmark and was one of the very first towers built on Brickell. It is known for its glass façade and 5-story palm court cut out of the building.

Brickell Miami skyscrapers

Modern Day Brickell

Brickell has been on a developmental rise since the 1980’s. Present day Brickell is made up of massive residential towers, apartment buildings, offices, and hotels. Brickell is also home to international banks; HSBC, Espirito Santo Bank, and Banco Santander. Towers are getting larger and developments are moving further west towards I-95 to accommodate the growth.

At the heart of Brickell, two large, mixed-use developments ; Mary Brickell Village and Brickell City Centre are located. Mary Brickell Village includes 200,000 square feet of bars, shops, and restaurants. Toscana Divino, Blue Martini, Shake Shack, North Italia, and P.F. Chang’s are some of the notable tenants. Brickell City Centre, opened in November of 2016 spans over 9 acres and cost over $1 Billion. It includes 500,000 square feet of open-air retail featuring luxury brands such as Chopard and Valentino, a 5-star hotel called East Hotel, and 780 luxury condo residences in the Brickell City Centre Towers called Rise and Reach. Brickell City Centre also includes a high-end movie theater and an Italian food hall called Casa Tua Cucina.

It will be exciting to see what the next 20 years have in store for the Brickell neighborhood!

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