Traded NBA Star Lists Pinecrest Mansion for $12 Million
Key Takeaways
- •Tyler Herro listed his Pinecrest mansion for nearly $12 million after his trade to Milwaukee.
- •He originally purchased the 9,500-square-foot property for $10.5 million in late 2022.
- •The trade brought Giannis Antetokounmpo and Bobby Portis Jr. to the Miami Heat.
Tyler Herro has listed his Pinecrest mansion for nearly $12 million just one day after completing his trade from the Miami Heat to the Milwaukee Bucks. The 9,500-square-foot estate at 12900 Southwest 63rd Avenue features eight bedrooms, eight bathrooms, and one half-bathroom.
The shooting guard acquired the property in late 2022 for $10.5 million, financing the purchase with a $7.4 million mortgage from HSBC Bank. The transaction came shortly after he signed a four-year, $120 million contract with the Heat. Douglas Elliman's Lourdes Alatriste is handling the listing.
Herro is relocating to Milwaukee as part of a blockbuster trade that also sent Kasparas Jakučionis, Jaime Jaquez Jr., and Kel'el Ware to the Bucks. In exchange, the Heat acquired NBA champion Giannis Antetokounmpo and forward Bobby Portis Jr., marking a significant roster transformation for the franchise.
The property sits on nearly one acre and was constructed in 2021. Amenities include a gourmet kitchen, wine cellar, summer kitchen with cabana, pool, and movie theater. The home represents the type of luxury real estate that has attracted numerous professional athletes to the Pinecrest area.
Herro joined the Heat in 2019 after being drafted following his freshman year at the University of Kentucky. His departure continues a pattern of player movement in Pinecrest's high-end residential market, which has become a preferred location for Miami Heat players and other professional athletes.
The village has seen substantial luxury home activity in recent years. Houston Rockets player Jeff Green sold his mansion at 9500 Southwest 61st Court for $15.5 million in April. The current record for single-family home sales in Pinecrest stands at $19.5 million, set when Trevor L. Taylor and his wife sold their 20,000-square-foot mansion at 6555 Southwest 102nd Street.
Former Heat players have maintained a strong presence in the area, including Jimmy Butler, who owned property near South Miami, and ex-player Dion Waiters. Retired baseball Hall-of-Famer David Ortiz also lived in Pinecrest before selling his home in 2023 for $10.6 million, which established a sales record at the time.
The swift listing of Herro's property reflects the practical realities professional athletes face when traded between cities. The Pinecrest luxury market continues to demonstrate resilience, with demand remaining strong for properties in the exclusive South Florida community that offers privacy and proximity to Miami's professional sports facilities.
