From a $12.55 Million Mid-Beach Flip to a $37.8 Million Fisher Island Penthouse, Miami's Top End Keeps Trading
Former Miami Heat center Hassan Whiteside sold his Miami Beach waterfront home for $12.55 million, about 72% above what he paid in 2016, while a Fisher Island penthouse topped a $72.7 million week of
MIAMI BEACH — Miami’s luxury home market had another busy stretch in early November, and the deals show both sides of the top end: owners still banking large gains on waterfront homes, and buyers who are getting those homes for well under the original asking price.
Whiteside’s Lakeview home sells for $12.55 million
Former Miami Heat center Hassan Whiteside has sold his waterfront house at 528 Lakeview Court in Miami Beach for $12.55 million, according to a press release from the listing brokers reported by The American Developer. Mansion Global identified the buyer as investor Jared Galbut, founder of Heard Partners.
Whiteside bought the house in August 2016 for $7.3 million during his five seasons with the Heat, according to county records cited in both reports. The new price is about 72% higher than that purchase.
That gain came with some patience, though. The home was first listed in 2025 at $15.8 million, and an earlier sale fell through, Mansion Global reported. It came back to market in August at $14.8 million with Jordan Karp of Jordan Karp, LLC and Joel Lusky of The Brokerage South Florida Real Estate, who represented both the buyer and seller in the final deal. The closing price landed about $2.25 million below the latest ask.
The tri-level house was completed in 2014 and sits in a gated enclave in Mid-Beach. The county appraiser lists the building at 9,424 square feet on a 17,676-square-foot lot, and the brokers’ release describes five bedrooms, seven and a half baths and 90 feet of waterfront. Features include a rooftop lounge with a fire pit, a private theater, a gym, a chef’s kitchen, a resort-style pool with a waterfall, a 45-foot dock and three Jet Ski slips with direct ocean access.
Whiteside returned to professional basketball for the 2025-26 season with the Shanghai Sharks of the Chinese Basketball Association, according to the release.
The week’s top five totaled $72.7 million
The Whiteside deal came alongside a strong run of closings across the county. The five most expensive home sales reported in Miami-Dade for the week ending Nov. 1 totaled $72.682 million, according to a RealtyWire roundup.
- $37.8 million, Fisher Island. A penthouse at Palazzo Della Luna, built in 2019, with 9,852 square feet, seven bedrooms and a rooftop terrace of more than 2,500 square feet with its own pool. Sam Gaita of The Corcoran Group was the listing agent, and Nancy Batchelor of Compass represented the buyer.
- $10.4 million, Coral Gables. A 1992 waterfront home at 431 Costanera Road in the Islands of Cocoplum, with 9,640 square feet on a half-acre canal lot. It last sold for $3.7 million in 2013.
- $8.832 million, Coconut Grove. A designer-finished combined unit at One Park Grove, last sold for $5.3 million in 2021. The same Coldwell Banker agent represented both sides.
- $8.4 million, Bal Harbour. A 3,464-square-foot unit at Oceana Bal Harbour with ocean and bay views.
- $7.25 million, Coral Gables. A 1990 home on a full acre along Old Cutler Road, last sold for $4.975 million in 2021.
The Fisher Island sale accounted for more than half of that weekly total on its own.
What the numbers say
A few patterns stand out across these deals.
Long holds are paying off. The Cocoplum house nearly tripled in value since 2013, and Whiteside’s home rose about 72% in a decade. Even the shorter holds made money: the One Park Grove unit and the Old Cutler home both sold for well above their 2021 prices.
Asking prices are still coming down before deals close. Whiteside’s home sold below both of its list prices. Days earlier, Juwan Howard sold his newly built Coral Gables mansion for $25 million after starting at $31.5 million, a deal we covered last week. Sellers with a large built-in gain have room to negotiate, and buyers know it.
Water and privacy still set the top of the market. Every one of the week’s top five sales either fronts the water or has direct views of it, and several sit inside gated or private-island communities. Whiteside’s home has both, plus boat access, which helps explain why it found a buyer in the low eight figures despite the price cuts.
Dual agency is common at the high end. In the Whiteside deal and in two of the week’s top five sales, the same agent or brokerage represented both sides. That can make negotiations faster, but buyers and sellers should understand how it changes who is advocating for them.
Why it matters for local business
High-end closings produce a lot of local business. Each one involves brokers, attorneys, title companies, lenders, designers, contractors and property managers.
As the city heads into its busy season, with Art Week three weeks away and seasonal residents arriving, the latest sales suggest that well-located waterfront property is still trading. The adjustment is happening in price, not in demand.