Goran Dragić's Miami Waterfront Mansion Sells for $13 Million
Goran Dragić, the former Miami Heat point guard renowned for his dynamic play and leadership, has sold his luxurious waterfront estate in Miami's exclusive Bay Point neighborhood. The property, which boasts seven bedrooms and six-and-a-half bathrooms, was acquired by developer and powerboat racer Ross Romash for $13 million.
Property Details
Situated on a half-acre lot in the gated Bay Point community, the residence spans nearly 6,000 square feet. Built in 2003, the home features expansive living spaces, a gourmet kitchen, and panoramic views of the water. The estate was initially listed in 2023 for $19.9 million, reflecting its premium location and amenities.
Buyer Profile: Ross Romash
Ross Romash is a multifaceted entrepreneur known for his ventures in real estate development, professional poker, and powerboat racing. In 2021, he set a neighborhood record by selling a waterfront mansion in Miami's Belle Meade area for $13.3 million.
His latest acquisition in Bay Point underscores his continued investment in Miami's luxury real estate market.
Recent Real Estate Trends in Miami
Miami's luxury real estate market has experienced significant activity, with several high-profile transactions:
- LeBron James' Former Miami Mansion: The Coconut Grove property previously owned by NBA superstar LeBron James sold for $18.5 million in November 2023.
- Pinecrest Estate Sale: In August 2024, a Pinecrest estate sold for a record $14.3 million, surpassing the previous record of $13.9 million set by Jorge Mas' former home.
- Belle Meade Island Sale: In December 2021, Ross Romash sold a mansion on Belle Meade Island for $13.3 million, setting a neighborhood record at that time.
Insights
What is the significance of Goran Dragić's property sale in Bay Point?
The sale of Goran Dragić's waterfront estate in Bay Point for $13 million highlights the ongoing demand for luxury properties in Miami's exclusive neighborhoods. This transaction reflects the area's appeal to high-net-worth individuals seeking premium real estate options.
How does Ross Romash's acquisition impact the Bay Point real estate market?
Ross Romash's purchase of the Bay Point property signifies a continued interest in the area from prominent figures in real estate and entertainment. His previous record-setting sale in Belle Meade Island and this recent acquisition underscore the neighborhood's desirability and potential for future appreciation.
What are the broader trends in Miami's luxury real estate market?
Miami's luxury real estate market has seen a surge in high-profile transactions, with notable sales in areas like Coconut Grove, Pinecrest, and Belle Meade Island. The influx of affluent buyers, including celebrities and entrepreneurs, has driven up property values and established new benchmarks for sales in these communities.
Conclusion
The sale of Goran Dragić's Miami waterfront mansion to Ross Romash for $13 million underscores the dynamic nature of Miami's luxury real estate market. This transaction, along with other significant sales in the area, highlights the city's appeal as a prime destination for high-end property investments.
