Business

Kevin Durant sells Miami condo for $3.15 million

The view from Kevin Durant’s $3.15 million downtown penthouse at 900 Biscayne Boulevard.
The view from Kevin Durant’s $3.15 million downtown penthouse at 900 Biscayne Boulevard. One Sotheby’s International Realty

Basketball star Kevin Durant sold his downtown Miami penthouse for $3.15 million on Friday, nearly doubling the price he paid four years ago.

The nearly 3,800-square-foot unit sold for $830 per square foot, a record price for the luxury condo building at 900 Biscayne Blvd.

Michael Light of Miami Luxury Homes represented the buyer, a Colombian businessman who plans to rent out the bay-view condo for the eye-popping price of $22,000 per month.

“The buyer sees Miami’s real estate market as a very safe place to invest,” Light said.

The three-bedroom, four-bathroom condo comes fully furnished.

A company controlled by Durant bought the penthouse for $1.825 million in 2011, county property records show. The Oklahoma City Thunder forward, who sat out the end of the NBA season because of injury as his team just barely missed the playoffs, had originally listed the unit for $3.45 million. Durant is set to hit free agency in 2016.

Ben Moss of One Sotheby’s International Realty, who handled the sale, declined to comment.

  Comments