Marquis at 1100 Biscayne Blvd. (J. Albert Diaz)
Miami Heat point guard Mario Chalmers could score a huge steal on a luxury condominium he picked up from rap superstar Drake in 2012.
Chalmers put his luxury waterfront condominium on the market last month, asking $4 million for the lavish 5,425-square-foot pad in Miami’s Marquis Residences across from the American Airlines Arena.
And to help move the listing, he’s hired Opulence International Realty, a real estate brokerage firm that’s worked with NFL players like running back Willis McGahee, former NBA small forward James Posey Jr., Miami Heat assistant coach Juwan Howard and music executive Bryan “Birdman” Williams, co-founder of the Cash Money Records Inc. label.
Broker Tomi Rose has the listing.
The condo is the largest Marquis Residence unit on the market, according to Rose, senior vice president of the sports and entertainment division at Opulence International Realty. It combines two smaller units for a five-bedroom home with five baths, marble floors, 20-foot ceilings, game room, floor-to-ceiling glass windows, two laundry rooms, wet bar, large terrace and four parking spots.
Perched on the 49th floor, it offers mesmerizing views of Biscayne Bay, the Atlantic Ocean and some of Miami-Dade County’s priciest zip codes, like Fisher Island, South Beach and Star Island. It’s also one of the largest units at the 67-story tower with 292 units built in 2009 at 1100 Biscayne Blvd. The average selling prices is about $624 per square foot, or about $1.34 million per unit. They usually sell in about 115 days.
Chalmers’ listing values the unit at about $737 per square foot—a sweet deal for the athlete, who would pocket a $1.4 million profit at the list price. He paid $2.6 million for the condo about two years ago, acquiring it from Aubrey Drake Graham, a Canadian rapper better known as Drake.
The good news for Chalmers: millions have seen the inside of his fancy pad, where Drake shot the video for his 2011 hit, “I’m On One,” with Cash Money Records. A YouTube video featuring the condo has more than 65 million hits. The “Hold On, We’re Going Home” rapper got full asking price from Chalmers when they traded the property in 2012.