Miami Heat's Dwyane Wade Sells Pinecrest Manse at a Loss

Miami Heat guard Dwyane Wade is one of the NBA's hottest stars so it's no wonder that Miami-Dade County has now adopted a new name -- "Wade" County. The billboards started popping up along the Interstate shortly after the team became NBA Champs and Dwyane became an All-Star -- again. Lately though, Wade's been in the news for more than just his talent on the court. His pending divorce and recent sale of his Pinecrest mansion are also making headlines, mainly because he's taken a nearly $1.5 million hit on the sale.

According to, in 2005 Wade paid $3.98 million (or $440 per square foot) and the recent March sale was for $2.5 million ($277 per square foot). The split and perhaps his impending free agency next season, which could mean a move away from Miami, might have led to the sale. He's been trying to unload the property since 2007 so perhaps there are other underlying factors.

But on to the real estate news -- the house.

It's a sprawling estate in Miami's high-end southern suburb. Described as a contemporary colonial, the 9,000-square-foot, six-bedroom mansion sits on a one-acre lot and features lush landscaping, a second-story master suite opening up to a terrace overlooking the pool, a custom game room and floor-to-ceiling windows. The entrance is flanked by grand staircases and a "W" graces the marble flooring.

The new owners should have plenty to do in their new home. But if by chance they'd like to venture out, the Pinecrest area borders the community of Kendall where there's plenty of shopping and nightlife. There are also restaurants galore in nearby South Miami.

If nothing else, they can enjoy telling friends and family that their new abode was once occupied by an NBA great who's on his way to becoming a legend.

See more homes for sale in Miami, Fla. at AOL Real Estate.
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