NBA Real Estate Report 2013-14


Players in the NBA are some of the world’s savviest investors when it comes to real estate—and when it comes to massive mansions, cool condos and other properties, they have the market cornered. Here are some of the most awe-inducing homes that your favourite ballers have put up on the market, bought and sold this past year.


Chris Bosh’s new Dallas condo
Back in October Chris Bosh inked a deal for this $3-million condo in the Ritz-Carlton Dallas. At 4,250-square-feet, it includes a media room, spa and commanding view of the city’s downtown. In the building below, he’s got access to a restaurant and even a wine-tasting room.


Portland Trailblazers owner Paul Allen’s new Bay Area mansion
What do you do when you have ownership stakes in the Portland Trail Blazers, Seahawks and Seattle Sounders FC? Buy a 22,000-square-foot mansion, of course. Paul Allen’s new Bay Area digs feature a massive pool, a home movie theatre, six bedroom suites and seven fireplaces.


Andre Iguodala’s Bay Area home
The Bay Area is welcoming another neighbour, this time Andrew Iguodala of the Golden State Warriors. He picked up this crib for a cool $1.84 million in Berkeley, CA. It’s 5,000 square feet of living space, including five bedrooms and insane views to the Bay Bridge and water.


Donald Sterling’s new Beverly Hills hideaway
Rich, white California communities often turn away people they categorize as rabble and miscreants, but it looks like racists are fine in their book. While the NBA started taking action against him for racial slurs he made against African Americans, he quietly bought a $5.16 million house in May standing on more than a quarter acre of land. It’s 5,300-square-feet across two storeys.


Vlade Divac’s house
If you were recently considering a move to Italy, you’re in luck. Flopper extraordinaire Vlade Divac’s home in the Castellammare district is up for $3.25 million. The contemporary home features glass and dark hardwood all around, and has a view to the ocean beyond.


Michael Jordan’s former Chicago condo
Ol’ MJ—or, more accurately, his ex-wife—is selling yet another one of his many investment properties scattered across the nation. This penthouse is located on Chicago’s Lake Shore Drive in the Water Tower building, and is listed for $4 million. It was once listed for $5 million in 2012. At this rate, it should be easy to snap up the 8,000-square-foot luxury suite in a few years.


Michael Jordan’s massive Illinois palace
No luck for Michael Jordan. After listing this massive compound for $29 million, he cut the price to $21 million, and then tried to auction it off when that failed (his reserve price was $13 million). When that didn’t work, he put it up for $16 million, where it currently stands. It sports nine bedrooms, several living rooms and it’s more than 32,000 square feet in size. Oh, and it has a basketball court. Obviously.


Scottie Pippen’s mansion
In the heart of Ft. Lauderdale, Scottie Pippen listed his 13,500-square foot, six-bedroom mansion for the paltry sum of $11.8 million. The lakefront property was originally listed at $16 million. If you bought it, you’d get a basketball court, a private gym and a pool (complete with requisite waterfalls and slides),


Danny Granger’s Hollywood home
There were all sorts of implications made when Danny Granger of the Pacers put up this L.A. property up for sale, but doubters were proven wrong. The $3.795 million house situated in the Hollywood Hills includes four bedrooms, six bathrooms, a theatre, sauna and a home gym.


Dwyane Wade’s Chicago townhouse
The Big 3 guard originally bought this property back in 2010 for $1.425—now, the Canal Street townhome’s hitting the market with a markup for $1.799 million. It’s located right on Chicago’s tony river waterfront area and spans 3,900 square feet. The rooftop terrace alone is worth the pricetag.


Paul Millsap’s mansion in Atlanta
Atlanta Hawks power forward Paul Millsap must be doing well for himself, because he’s selling this 14,000-square-foot Buckhead mansion for only $2.7 million. Interior finishes are redone, and there’s a pool (with waterfall!) out back.


Mitch Richmond’s California home
Even in retirement, former Los Angeles Laker continues to impress. This Calabasa, CA property was put on the market late last year for $8.995 million, a significant price cut from its original $9.495 asking. At 13,000 square feet, it includes six bedrooms, plus the usual trimmings such a full-size basketball court, home theatre, game room, gym, patio and insane pool. As for unique amenities, not many NBA players kick it with an in-home beauty salon and meditation room. No, just Richmond.


Keyon Dooling’s Davies, FL pad
Florida native and Memphis Grizzlies point guard Keyon Dooling threw up this lavish (but affordable, when compared to other NBA homes) mansion for $1.35 million. Across 5,735 square feet, it features six bedrooms, five full bathrooms and marble flooring. It has been sold since, for an undisclosed price.


Stephen Curry’s Oakland penthouse
We covered Stephen Curry’s condo earlier in the season when it first went up for sale, and it turns out Curry didn’t make much of a profit. After being put up for $1.475 million, he sold it for $1.499 million, barely making a percentage point of a profit. The two-level corner condo spans 2,084-square feet, featuring floor-to-ceiling windows and three parking spaces—or, as they’re known in Oakland, gold mines.


Dwight Howard’s Orlando mansion
After signing an $80-million contract extension with the Orlando Magic in 2008, Dwight Howard bought this property for $7.78 million. Now, he’s put it back up for $4.9 million, or roughly five eighths of its original value. The 11,000-square-foot palace features five bedrooms, seven bathrooms and a pool with slide and grotto.


Shaq’s Florida mansion brings in $5,000
Real estate entrepreneur and former NBA player Shaquille O’Neal sold a home in Orlando for a mere $10, according to documents leaked to TMZ Sports. However, it appears TMZ is off by at least $4,990, if recent reports are correct. The 3,904-square-foot two-storey has apparently been signed over to a man named Yves Paul Demesmin, who is connected to a Haitian tax services company. O’Neal bought the five-bedroom, four-bathroom property for $235,000 back in 2012.


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