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Miami Heat star Jimmy Butler is living large, shelling out over $70,000 a month to rent a sprawling waterfront mansion on Miami Beach’s exclusive Hibiscus Island, sources told the Real Deal.
The six-time NBA All-Star, whose name has been swirling in trade rumors, has temporarily moved into the 8,500-square-foot property.
The five-bedroom estate boasts ocean and Miami skyline views.
Situated on a prestigious, police-guarded island, the property features superior construction, open spaces, high-end finishes, and over 125 feet of water frontage with a private dock and boat lift.
Residents also have access to amenities such as a basketball court, a tennis court and a playground.
Butler made the move after selling his previous South Florida home, a six-bedroom, 6,148-square-foot house near Coral Gables, for $8.3 million earlier this year.
While Butler is keeping his roots in Miami, he’s no stranger to high-end real estate. He owns a luxurious estate in San Diego, complete with a private coffee shop — a fitting touch for the NBA star-turned-coffee mogul. His coffee company, Bigface, recently opened its first physical location in the trendy Miami Design District.
The Hibiscus Island mansion Butler is renting was built in 2001 and is currently on the market for a whopping $30 million.
Broker Julian Johnston of the Corcoran Group handled the lease and repped Butler. He declined to comment on the deal.
Property records reveal the home is owned by Miami parking mogul Andrew Mirmelli, who snagged the estate for $21 million in 2021.
The Heat superstar is still riding a four-year, $184 million contract extension he signed in 2021, with $49 million on the books for this season.
Despite his Miami digs, reports suggest Butler might be eyeing a move west, with the Phoenix Suns reportedly among his potential trade destinations.
Hibiscus Island has been making waves in Miami’s real estate scene lately. In August, developer Paul Vogele sold a waterfront mansion for a record-breaking $40.3 million. Just a month later, a Dubai-based buyer dropped $15 million on a teardown on the same island.