Tyler Herro Put His Bali Inspired Florida Mansion on the Market Right After Leaving the Miami Heat
Seven years in Miami. One blockbuster trade. And the house was on the market the same day the paperwork cleared.
That is not a coincidence. That is a clean exit.
The Home He Actually Built His Life In
Herro bought this Pinecrest estate in late 2022 for $10.5 million, setting a record for the highest residential sale the village had seen at the time. The property sits on nearly an acre at 12900 SW 63rd Ave, about 40 minutes south of downtown Miami.
The home was built in 2021 and takes its character from Balinese resort design. Over 9,000 square feet, 8 bedrooms, 8 bathrooms, soaring ceilings, and walls of glass that blur where the house ends and the outdoor space begins.
A sculptural floating fireplace separates the formal living and dining rooms. The kitchen pairs dark wood cabinetry with a stone-topped waterfall island.
There is a movie theater with leather recliners and surround sound. A wine cellar. A covered summer kitchen. A resort-style pool with multiple lounge areas.
The primary suite has private elevator access, a custom dressing room with glass-fronted wardrobes, and a balcony looking straight down at the pool.
He had two kids in this house. There was a playroom on the ground floor and a backyard playset for them. This was not a showpiece. This was where he lived.
The Trade, the Farewell, and the Listing That Followed Immediately
On June 22, 2026, the deal was announced: Herro, Kel’el Ware, Jaime Jaquez Jr., and Kasparas Jakucionis heading to Milwaukee in exchange for Giannis Antetokounmpo, Bobby Portis Jr., and a package of draft picks.
July 6, the trade officially cleared. Same day, the Pinecrest estate went live at $11.999 million.
Herro posted Milwaukee’s area code, 414, on X. It crossed 750,000 views within hours. Then came the Instagram farewell: “A part of me will always belong to Miami. Miami didn’t just shape my career. It shaped my life.”
Then the house went up for sale.
The listing is held by Lourdes Alatriste at Douglas Elliman. Full property details and photos are covered in Robb Report’s writeup on the estate for anyone who wants the full visual breakdown.
What most outlets skipped: this was actually Herro’s second attempt to sell this home. In April 2024, amid earlier trade rumors, the estate was quietly listed at $12.2 million before being pulled off the market. The sale never happened then. Milwaukee made it happen now.
Why Pinecrest Keeps Showing Up in These Stories
Pinecrest is not an accident for professional athletes. Jimmy Butler, Dion Waiters, and David “Big Papi” Ortiz have all owned homes here. In April 2026, Houston Rockets player Jeff Green sold his Pinecrest mansion for $15.5 million.
A month later, another estate in the village was listed at $25 million, the highest listing price Pinecrest had ever seen.
Real estate professionals in the area point to the same things consistently: acre-plus lots, established tree canopy streets, top-rated schools, and actual privacy. Things genuinely difficult to find this close to downtown Miami.
This pattern shows up beyond just Pinecrest.
When Jennifer Lopez spent two years and four price cuts trying to exit the Beverly Hills mansion she shared with Ben Affleck, it was a reminder that even the most high-profile celebrity homes do not move on the seller’s timeline. The name draws attention. The market still decides.
If you follow stories like this closely, there is a WhatsApp channel worth having in your feed that covers celebrity real estate and luxury market moves as they happen. No waiting for the news cycle to catch up.
Why This Matters
This listing lands in the middle of a complicated moment for Miami luxury real estate. According to LuxuryDade’s April 2026 South Florida housing data, the Miami luxury tier median reached $4,957,799, up 12.8% year over year.
But the median days on market for luxury properties hit 142 days. Nearly five months from listing to contract.
Herro paid $10.5 million in 2022. He is asking $11.999 million now. That is a $1.5 million paper gain. But the 2026 luxury market is more balanced than when he bought.
Buyers have more options, more time, and more leverage on pricing than they have had in three years.
The same pressure is showing up across high-profile listings everywhere. The Kennedy family’s Cape Cod home sat unsold even after a first offer collapsed, a $1.6 million property in a market where buyers are walking when something does not feel exactly right.
And at the opposite end of the price range, a former DuPont CEO is listing his 260-year-old Pennsylvania farm for $18.8 million in what could be the most expensive residential sale the county has ever seen.
Behind every big listing, there is always more going on than just the price.
Miami-Dade luxury single-family transactions jumped 19.6% year over year in Q1 2026, so the buyer pool is real. Whether it shows up for a $12 million Pinecrest estate before Herro plays his first game in Milwaukee is the actual question.
Herro is heading into the final year of his four-year, $120 million extension, earning $33 million with the Bucks in 2026-27. Milwaukee is his hometown. The trade brought him home. The house just needs to find someone ready to call Pinecrest home next.
Key Takeaways
- Herro listed his Pinecrest estate for $11.999 million on July 6, 2026, the same day his trade was finalized
- He originally purchased the home in 2022 for $10.5 million, setting a Pinecrest sales record at the time
- The 9,000+ sq ft, Bali-inspired home has 8 bedrooms, 8 bathrooms, a resort pool, wine cellar, movie theater, and private elevator to the primary suite
- Listing agent is Lourdes Alatriste at Douglas Elliman
- This was his second attempt to sell; the home was first listed in April 2024 at $12.2 million before being pulled
- Herro spent 7 seasons with the Heat, won the 2022 Sixth Man of the Year award, and made the 2025 All-Star team
- Miami’s luxury tier median is up 12.8% year over year, but luxury homes are averaging 142 days on market in 2026
The house went live the same afternoon the trade was official. Do you think Herro was ready to leave Miami long before Milwaukee came calling, or did the Giannis deal force his hand? Drop your take in the comments.
Wrapping Up
Tyler Herro’s time in Miami ended the way a lot of things do in the NBA: fast, clean, and without much warning for anyone watching from the outside.
Seven seasons, a Sixth Man award, an All-Star nod, two kids born in that Pinecrest house, and a farewell Instagram post that honestly hit different. Now the home is listed and he is in Milwaukee.
If celebrity real estate and luxury market moves are the kind of stories you follow, Build Like New covers them regularly and with more context than just the listing price. Worth bookmarking.
For more stories like this as they break, follow Build Like New on X (Twitter) and join the conversation on the Facebook community. That is where these get discussed in real time.
Disclaimer: This article is for informational purposes only. All details are based on publicly available reports at the time of publication.
