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

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:

• Property Type: Single Family
• Transaction Amount: $70,000/Month
• Landlord: Andrew Mirmelli - M&M Parking
• Tenant: Jimmy Butler - Miami Heat
• Broker: Julian Johnston - The Corcoran Group

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.