Former Miami Heat Player James Posey Sells His Coconut Grove Home
In more sports news this morning, former Miami Heat player James Posey finally sold his home in the Coconut Grove gated community of The Cloisters for $1,425,000. Posey purchased the property back in 2005 for $2,170,000. The property had been on the market for 3 years. The home offered 5,090 square feet of living space with 3 bedrooms, 3 baths, marble floors, crown moldings, top of the line appliances, vaulted ceilings, private elevator and a rooftop terrace with bay views. At the time it sold, the property was listed for $1,825,000.
James Posey spent 2 years with the Miami Heat before playing for the Boston Celtics. He is currently an Assistant Coach with the Cleveland Cavaliers.
There has been 1 other closed sale at The Cloisters this year, Unit 1239 sold for $1,500,000.
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