“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.
By the time you read this, it’s possible that Jimmy Butler’s extraordinary tenure with the Miami Heat has come to an end. Disagreements over availability and compensation have led to multiple suspensions and a trade demand that is likely to be honored before the National Basketball Association’s Feb. 6 deadline. Since coming to Miami in 2019, Butler led the Heat to two dramatic NBA Finals appearances while also hitting some big shots in real estate and business. We track the housing journey of “Jimmy Buckets” in this edition of “South Florida by the numbers.”
$70,000
Approximate monthly rent for an 8,500-square-foot, five-bedroom Hibiscus Island mansion in Miami Beach where Butler has reportedly been living since last summer. The six-time NBA All Star also opened the first brick-and-mortar shop for his Bigface coffee company in the Miami Design District last year. [TheRealDeal]
$7.4 million
Price Butler paid in 2022 for a six-bedroom, six-bathroom house at 7416 Southwest 49th Place in the gated Stonegate community near South Miami. (The seller was represented by Master Broker Lynley Ciorobea.) The two-story, 6,148-square-foot home is one of only 12 in Stonegate, and Butler’s purchase likely set a record at the time, where recent sales had been below $5 million. [TheRealDeal]
$7.1 million
Price a buyer paid Butler in 2021 for his five-bedroom house at 8975 Southwest 63rd Court in Pinecrest. (He was represented by Master Broker Michael Martinez.) Butler purchased the two-story, 8,958-square-foot mansion for $4.6 million in September 2019. After selling the home, he led the Heat on another successful season and playoff run, just missing the finals when his last-minute three-point shot came up a bit short. [TheRealDeal]
$4.2 million
Price a buyer paid Butler in 2017 for his six-bedroom Chicago-area home after he had been traded by the Chicago Bulls to the Minnesota Timberwolves. (He would later be traded to the Philadelphia 76ers before joining Miami.) Butler took a modest $100,000 loss on the sale, after purchasing the home in 2015. The original asking price was $5 million, and later dropped to $4.6 million. [ChicagoBusiness]
$1.45 million
Original asking price of a Chicago-area condo Butler put on the market in 2018; one of two in the new (at the time) development. The three-bedroom, two-bathroom unit features nearly 1,700 square feet of living space, hardwood floors and a private elevator entrance, and is less than a block from the aforementioned six-bedroom home. (No word on if/when this condo was ever sold.) [CurbedChicago]
This column is produced by the Master Brokers Forum, a network of South Florida’s elite real estate professionals where membership is by invitation only and based on outstanding production, as well as ethical and professional behavior.