Selling a house in this market is no slam dunk -- even for basketball superstar Dwyane Wade.
The Heat guard lost nearly $1.5 million last week when he resold his 9,000-square-foot palace near Miami for less than he paid.
Wade, who is going through a divorce, sold the six-bedroom home in Pinecrest for $2.5 million, according to CondoVultures, a Bal Harbour-based real estate firm. He and wife Siohvaughn bought the house at the height of the housing boom in 2005 for $3.98 million.
Miami-Dade County property appraisers have assessed the house at $2.9 million.
Wade, a free agent at the end of the season, has not yet decided whether to remain in Miami or sign a big-money deal with another team.
The Heat guard lost nearly $1.5 million last week when he resold his 9,000-square-foot palace near Miami for less than he paid.
Wade, who is going through a divorce, sold the six-bedroom home in Pinecrest for $2.5 million, according to CondoVultures, a Bal Harbour-based real estate firm. He and wife Siohvaughn bought the house at the height of the housing boom in 2005 for $3.98 million.
Miami-Dade County property appraisers have assessed the house at $2.9 million.
Wade, a free agent at the end of the season, has not yet decided whether to remain in Miami or sign a big-money deal with another team.
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