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Former NBA center Hassan Whiteside has listed his luxurious Miami Beach waterfront home for $19.5 million. The property, located in a private cul-de-sac, offers 5,406 square feet of living space, six bedrooms, and seven bathrooms, highlighting a significant real estate transaction in South Florida’s luxury market. The home was purchased by a trust linked to Whiteside in 2016 for $7.3 million, indicating substantial appreciation.
What are the standout features of this Miami Beach property? This modern mansion, built in 2014, boasts numerous high-end amenities. The interior is highlighted by a floating glass and wood staircase, while a distinctive red spiral staircase connects the exterior levels. The primary suite includes a dressing room, a sleek bathroom, and a private terrace with a hot tub. For entertainment, the home features a chef’s kitchen with an integrated aquarium, an "amenity suite" with a home theater and fitness area, and a rooftop space with dramatic water views. Outdoors, the 0.41-acre lot features a koi pond at the garden entry, a large pool, a summer kitchen, a bar, a fire pit, and a covered dining area. A key feature for a waterfront property is its 85 feet of water frontage and a private dock with boat access to Biscayne Bay.
What is the financial context of this real estate transaction? Property records indicate the home is owned by a trust, a common legal arrangement for asset management and privacy, with Joseph McLean listed as the trustee. The trust acquired the property in 2016 for $7.3 million. The current asking price of $19.5 million represents a significant potential gain, reflecting the strong appreciation in Miami's premium real estate market over the past eight years. This sale is part of Whiteside’s broader investment strategy; in 2022, he acquired a penthouse in The Standard Residences for $1.2 million.
Who is involved in the sale of this luxury home? The listing agent for the property is Dina Goldentayer of Douglas Elliman, a major real estate brokerage. Ryan Kelly, also with Douglas Elliman, previously represented Whiteside in his 2022 purchase. The involvement of a well-known wealth manager like Joseph McLean, who specializes in serving professional athletes, adds a layer of credibility to the financial aspects of the transaction.
What should potential luxury buyers consider? For buyers interested in a property of this caliber, several factors are key. The water frontage and private dock are major value-adds for boating enthusiasts. The modern design and unique features, like the aquariums and amenity suite, cater to a specific luxury lifestyle. Based on our experience assessment, the pricing appears to align with recent sales of comparable waterfront estates in Miami Beach, but a thorough comparative market analysis is recommended. The property’s history as a successful investment underscores the long-term potential of high-quality real estate in this location.
