Juwan Howard sells the Coral Gables house he built for a reported $25 million

He bought the lot, then tore the house down

Juwan Howard paid $3.4 million for a Coral Gables lot in 2013, then tore down the house on it. He has now sold the house he built there for $25 million, Bleacher Report reported, citing The Wall Street Journal.

Why it matters: The reported price is about 7.4 times what Howard paid in December 2013, by our arithmetic from the county deed. It is about twice the county's 2026 market value of $11.9 million for the house and land. The building cost is not public, so the $25 million is a price, not a gain.

A lot in a gated enclave

Howard bought the waterfront site while he still played for the Miami Heat, Lindy's Sports reported. It came with a 1970s house. Rather than renovate, he tore it down and spent several years building new with the Miami architect Kobi Karp, reports say. The county lists the new house as built in 2025.

The house covers about 9,000 square feet on 1.73 acres, with a 75-foot pool, a detached four-car garage and a deeded boat slip. It sits in Journey's End, a gated enclave of 18 homes in Coral Gables.

The ask and the price

Howard listed the house for $28.9 million earlier this year, Elite Agent and Lindy's reported. The reported $25 million is $3.9 million under that ask, by our arithmetic. Howard's agents declined to name the buyer, and Howard did not respond to a request for comment, Lindy's reported.

In the same enclave, the supermodel Elle Macpherson sold her house for $18.5 million, The Real Deal reported; the county records that sale on Sept. 19, 2024. She had paid $8.1 million in 2018 and once asked $29 million. Her house is not on the water, The Real Deal reported, though it has a slip at the enclave's marina.

The player

Howard was one of Michigan's Fab Five and played 19 seasons in the NBA. He won two titles with the Heat, in 2012 and 2013, his last two seasons. He coached Michigan from 2019 until it let him go in 2024, and he is now an assistant with the Brooklyn Nets.

Sources we read

Bleacher Report (Mike Chiari), Nov. 4, citing The Wall Street Journal. Lindy's Sports via Yahoo (Landon Buford), Nov. 5. Elite Agent, June 24. Miami-Dade County Property Appraiser records for both houses, read Nov. 5. The Real Deal, Jan. 6, 2014 and Oct. 1, 2024. The Nightly, Sept. 25, 2024. CBS Sports, April 26, 2024.