The Wall Street Journal says that Mr. Wade paid $10,645,000 for the property in 2010 and fixed it up. The about 12,000-square-foot property is on North Bay Road, a street where business executives and celebrities like to hang out. It has a wine room, game room, swimming pool, home theater, and outdoor basketball court.

Mr. Wade’s North Bay Road estate has arched entryways and a Mediterranean design

In 2019, Mr. Wade put the house on the market just a few months after playing his last game for the Miami Heat, the team he had been with for most of his career. He recently bought a house in Los Angeles with his wife, the actress Gabrielle Union. Since then, the price has gone down more than once, and the most recent price was $26.5 million.

The home overlooks Biscayne Bay directly

Brett Harris of Douglas Elliman represented both the buyer and the vendor in this transaction. He affirmed that the transaction had closed but declined further comment.

There are wood-beamed ceilings and tile floors in one of the living spaces

In 2014, Mr. Wade and Ms. Union got married, and they now have a daughter named Kaavia. Public records show that the couple has since bought a mansion in the Los Angeles neighborhood of Hidden Hills for $17.9 million. When asked for comment, the couple’s representative didn’t get back to us right away.

The property has approximately one acre of land with verdant gardens

Mr. Wade is also a minority owner of the Utah Jazz after purchasing a stake in the franchise this year.

The pools overlook the estuary