Real Estate Industry News

On the waters of Biscayne Bay in Miami Beach, one development group is looking to cash in on Chris Bosh’s modern mansion. After buying the NBA star’s home for $14.43 million earlier this year, homebuilding company AquaBlue Group is looking to flip it for $42 million.

Bosh, a two-time NBA champion with the Miami Heat, paid $12.33 million for the waterfront property in 2010 and sold it to AquaBlue in January for a modest profit of $2.1 million. The developers quickly got to work, keeping the original structure in place but remodeling the interiors with inspiration from Italy.

Italian millwork runs throughout the home, and the 11,709-square-foot estate also comes with custom Italian furniture. Shaped like a box, the glass-covered residence include seven bedrooms, eight bathrooms and two kitchens scattered across dramatic open spaces.

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A commercial-grade elevator navigates the two-story floor plan, rising to a lavish primary suite with custom closets and a private balcony. It overlooks a palm-topped backyard with a swimming pool, spa, cabana and private dock. A turf courtyard completes the half-acre grounds.

An 11-time All-Star, Bosh spent seven years with the Toronto Raptors before teaming up with LeBron James and Dwyane Wade in Miami, where the trio won back-to-back NBA titles with the Heat in 2012 and 2013. In May, he was elected to the Naismith Memorial Basketball Hall of Fame.

He also owns a Mediterranean mansion in Pacific Palisades, which he once leased to actor Donald Glover.

Mirce Curkoski and Albert Justo of One Sotheby’s International Realty hold the listing.