Kevin Love’s Miami Real Estate Slam Dunk: Inside the NBA Star’s New Multimillion-Dollar Coconut Grove Home
Miami's Coconut Grove neighborhood, known for its exclusivity and prestige, has recently welcomed a new high-profile resident: NBA All-Star and Miami Heat power forward, Kevin Love. His recent acquisition of a substantial property in this sought-after area marks yet another instance of NBA players investing in multimillion-dollar Miami homes, a growing trend in the world of professional basketball.
Kevin Love's latest investment is a spec home located northeast of Main Highway, a location that boasts both prestige and prominence within Miami's vibrant cityscape. This acquisition, facilitated through a trust, saw Love and his wife Kate secure a substantial $6.1 million mortgage from Morgan Stanley. Despite an asking price of nearly $10 million, the final deal was struck at $9.5 million.
The 6,400-square-foot mansion, completed in 2023 on a third-acre lot, is a testament to luxury and comfort. It features seven bedrooms and an equal number of bathrooms, ensuring ample space for Love, his family, and guests. Adding to the opulence is a wine cellar and a swimming pool, making this property a true symbol of luxury living. The home's previous owners, a company led by Carlos Fontecilla and Justin Drexler, have passed on a piece of real estate that is nothing short of spectacular.
Since his NBA debut in 2008 with the Minnesota Timberwolves, Kevin Love has been a significant figure in basketball. His move to the Cleveland Cavaliers in 2014 and his recent transition to the Miami Heat, with a two-year, $7.9 million contract, highlight his impressive career. This property investment in Miami not only signifies a new chapter in his personal life but also strengthens his connection to the city and the Miami Heat.
The trend of NBA players investing in Miami real estate is not new. Tyler Herro and Victor Oladipo are among those who have recently acquired properties in the city. LeBron James, a former Miami Heat star, has also invested in the area, purchasing a unit at the Estates at Acqualina in Sunny Isles Beach for $9 million. Kevin Love's recent investment underscores this growing trend, as Miami continues to attract basketball's elite with its allure of luxury, lifestyle, and leisure.
