Chris Bosh puts Miami mansion on the market for $18 million
Former Miami Heat star player, Chris Bosh has put his Miami mansion on the market for $18 million. One of the world's highest paid athletes, pocketing $26.3 million in 2017, Bosh is officially retired from the NBA due to medical problems, recently he's been eyeing a comeback.
Stretching over 11,709 square feet, the Miami Beach estate was purchased by Bosh in 2010 for $12.33 million. At the time, Bosh had just signed with the Miami Heat along with LeBron James and Dwyane Wade to create a power trio that would lead the team to back-to-back championships. Selling the waterfront property at this price would net Bosh over $5.5 million.
"I'm in Miami for the rest of my career." Bosh told the Sun Sentinel in 2013. "I plan to be there. I plan to retire there. So that's where home is."
Custom built in 2009, Bosh's Miami Beach, waterfront house features ultra high ceiling, tall windows, an elevator, a guest house and a heated pool amongst her many features. Fit for an NBA player, ceilings seem to go for miles and the impact windows offer a unobstructed view of the water along with the property's private pier.
Throughout the mansion are 6 bedrooms and 8 bathrooms across a main property and a guest house. Thanks to its unique location, the house lets its guests see spectacular sunsets over the city's skyline. Currently priced at $18 million, this equates to a price of over $1,500 per square feet, nearly triple the average price in Miami Beach.
According to Zillow, a leading US real estate news site, the Miami Beach real estate market is down over 4% since last year and is expected to fall another 2% within the next 12 months. This follows a strong rally in prices, which saw average closing prices nearly double between 2012 and today. Over 14% of homes in the area sell at a discount from the listing price.
Styled in a modern, yet traditional Miami Beach feel, Bosh's estate focuses on its large volumes and open spaces with a push towards outside living. Spacious bedrooms are interconnected via corridors, leading up to sky high living rooms enclosed, all around, with windows that can be covered with special curtains.
Born in 1984 in Texas, Bosh was drafted into the NBA in 2003, immediately following his freshman year in college. Starting his career with the Toronto Raptors, Bosh grew into a core component of the growing franchise throughout his 7 year tenure in the squad. During his first season, he average 33.5 minutes per game, 11.5 points and 7.4 rebounds.
As Vince Carter, Toronto's star player left in 2004, Bosh rose to a leading role within the Raptors. In 2006, he was selected for his first all-star game as the 3rd player ever to be picked from the Raptors. His growing importance led to Toronto granting him a $65 million deal over four years in 2006. During this time Bosh actively participated in building out Toronto's growing presence in the NBA.
As Bosh's contract expired in 2010 with the Raptors, speculation spread throughout the league as to where he would be next season, in a particularly active free agency market that also saw LeBron James and Dwyane Wade at the end of their deals. Ultimately the trio started playing together for the Miami Heat, which is when Bosh acquired this mansion.
The trio went on to win consecutive NBA championships in 2012 and 2013. As LeBron James left the Heat in 2014 to return to his original Cleveland, Bosh signed another deal with the Heat for over $100 million over 5 years. In 2016, he was, however, made ineligible to play due to a medical condition that caused him to retire. Earlier this year, the player said he wouldn't rule out a return to the NBA.
Apart from being one of the most successful players in the NBA, Bosh was also one of the highest earning ones. In 2017, Forbes put his earnings at $26.3 million, making him the 55th highest paid athlete in the world. The bulk of this came from his deal with the Heat, with another $2.5 million in endorsements from various companies.
"I tell people that I never said I was done,” Bosh said in an interview earlier this month. “I’m just letting everybody know that I’ve been a dad, I’ve been taking care of my family. That’s the first priority for me. I’ve been doing that and I’ve been working out. That’s what I do. I don’t play 5-on-5, but that’s always been my intent. That’s always been my goal—to get back. I haven’t been shy in letting people know that. I feel that I at least have to try. And if it doesn’t work out that’s fine.
Primarily, Bosh said his desire to get back into the NBA was from seeing how the game has evolved whilst he was playing and his drive to see how he can play in a style that he helped pioneer. In total, Bosh earned $75.8 million over his five year, $118.7 million deal with the Heat that he was unable to complete.