Former Miami Warmth guard Victor Oladipo, 31, has bought his Miami Seaside mansion for $9 million, based on studies. In June, the seven-bedroom, seven-bathroom mansion was first listed for $9.995 million on the man-made Hibiscus Island, a guard-gated group in Biscayne Bay and solely accessible by the MacArthur Causeway.
In July, the Warmth traded Oladipo, a 2029 second-round draft choose, and a 2030 second-rounder to the Oklahoma Metropolis Thunder for money. The 2-time All-Star should have recognized about Miami’s commerce plans as early because the 2023 NBA Finals. Anyway, the almost 6,500-square-foot, glass-covered property has a light-filled open ground plan.
Compass
Compass
Furthermore, the mansion additionally has a bigger footprint than typical houses on the island, based on itemizing agent Liz Hogan of Compass. In fact, the multimillion-dollar buy marks the very best non-waterfront sale on the enclave.
“The sale signifies a powerful and rising demand for luxurious actual property within the space,” Hogan stated. “Increasingly high-end patrons and builders are coming to the neighborhood resulting in elevated property values and additional improvement.”
Former Miami Warmth guard Victor Oladipo bought his Miami Seaside mansion for $9 million after the Warmth traded him to the Oklahoma Metropolis Thunder
Moreover, Victor Oladipo stated he bought the mansion for $7.75 million in 2021, after his commerce from the Houston Rockets. The 6-foot-4 guard determined to purchase the house due to its location about three miles from the Miami Warmth area, he stated.
First in-built 2020, the mansion features a excessive ceiling, a dwelling space with an announcement wooden wall, a recreation room, a staircase, a recreation room, and a major bed room suite with a toilet and two walk-in closets.
Moreover, the house presents a contemporary kitchen with state-of-the-art home equipment and customized cabinetry and a dwelling space with an announcement wooden wall. The previous Warmth guard might have employed a non-public chef in some unspecified time in the future.
Within the yard, there’s an inground pool, giant house for pets or events, and a non-public visitor home, the place Oladipo added a $50,000 recording studio. The Maryland native reportedly used the studio to document his subsequent album.
Compass
Compass
Extra importantly, Hibiscus Island presents its residents a variety of facilities, together with a 24-hour police officer stationed on the essential entrance, playgrounds for youngsters, a waterfront park, and tennis and basketball courts. For individuals who can afford to dwell there, it’s paradise so long as the hurricanes keep away.
In Miami Seaside and the Barrier Islands, single-family houses bought for a median $5.44 million within the first quarter, up 24.2% from the identical time final yr, per The Wall Avenue Journal. Nevertheless, the variety of gross sales fell about 55.3% throughout the identical interval, based on actual property firm Douglas Elliman.
As of September 2023, Hibiscus Island houses are promoting for a median value of $11.6 million. That’s a 24.5% improve in comparison with final yr. In reality, Oladipo’s sale was beneath market worth. Based mostly on the variety of video games he missed resulting from accidents, he’ll probably by no means play for the Miami Warmth once more.
