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Jimmy Butler Of Miami Heat Leases Waterfront Mansion In Miami Beach For $70,000 Per Month

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LEASED
$70,000

Florida

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Single Family8,500 SF
Leased 12/12/2024
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Property Image
LEASED

Jimmy Butler Of Miami Heat Leases Waterfront Mansion In Miami Beach For $70,000 Per Month

432 South Hibiscus Drive

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Single Family8,500 SF
Leased 12/12/2024
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$70,000
Total Square Footage:8,500 SF
Transaction Type:Lease

The transaction involves a single-family waterfront mansion located on Hibiscus Island in Miami Beach. The property is leased for a monthly asking rent of $70,000 and encompasses a total of 8,500 square feet. It is owned by Andrew Mirmelli and was previously listed for $30 million.

Summary of transaction details:

This lease was facilitated by broker Julian Johnston of The Corcoran Group, amid trade rumors surrounding Jimmy Butler's potential move to the Phoenix Sun. Butler, who recently sold his South Miami home for $8.3 million, has chosen to rent this luxurious property during the ongoing discussions regarding his career.

Players

Julian Johnston
The Corcoran Group
Julian Johnston
55 deals$777.3M volume(305) 502-3985
BROKER

Details

LEASED
IMAGE: Julian Johnston & Jimmy Butler DATE: 12/12/2024 MARKET: Miami Beach ASSET TYPE: Single Family LANDLORD: Andrew Mirmelli - M&M Parking TENANT: Jimmy Butler (@JimmyButler) - Miami Heat (@MiamiHeat) BROKER: Julian Johnston (@Julian.Johnston) - The Corcoran Group (@TheCorcoranGroup) ASKING RENT: $70,000/Month ~ SF: 8,500 NOTE: Miami Heat star Jimmy Butler is renting a waterfront mansion on Hibiscus Island for over $70,000 a month after selling his South Miami home for $8.3 million this summer. The $30 million property, owned by Andrew Mirmelli, was leased through Julian Johnston of the Corcoran Group amid trade rumors involving Butler and potential interest with the Phoenix Sun.

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Deal Type
Effective Rent (Annual)

$682,100,819.03

Total Lease Value

$6,821,008,190.33

Net Landlord Cash Flow$682,100,819.03