Retired Miami Heat player Alonzo Mourning and his wife, Tracy, have put their Coral Gables, Fla., estate on the market for $14.5 million.

Retired Miami Heat No. 33 Alonzo Mourning has listed No. 33 Arvida Parkway, his Florida estate, for $14.5M, reports the Wall Street Journal today. Sited on three-quarters of an acre of waterfront, the manse has eight bedrooms and 8.5 bathrooms over 13,000 square feet, plus a pool and outdoor kitchen on the grounds. The sometimes helpful, sometimes not "Zo" bought the place for $12.75M in 2005, shortly after it was built.

After six years of living in 13,000 square feet, 8 bedrooms and 8.5 bathrooms and nearly an acre of land, Alonzo Mourning and his wife, Tracy, have decided it’s time to downsize, according to the Wall Street Journal

Retired Miami Heat player Alonzo Mourning and his wife, Tracy, have put their Coral Gables, Fla., estate on the mark

Priced at a hefty $14.5 million, Alonzo Mourning’s Miami-area home is located in the premium gated Gables Estates and is one of only 14 bay-front homes in the community. Coral Gables real estate is on the higher side, but having extensive water-frontage ups the home’s value significantly. Median Coral Gables home values are $426,800 and are rising 6 percent year-over-year.

Mourning spent most of his 15 years in the NBA playing center with the Miami Heat. He twice earned the NBA Defensive Player of the Year Award and was often on the NBA All-Defensive Team. When he left pro basketball in 2008, he was the first Heat player to have his number retired. Currently, the former NBA star is focusing on charity work and has a role with the Heat as Vice President of Player Programs and Development.

Mourning and his wife purchased the enormous Coral Gables home for $12.75 million in 2005 when he returned to play for the Heat after a short stint with the New Jersey Nets. It looks like the couple is trying to recoup a bit on their investment; their asking price is 13.7 percent more than their purchase price.

In addition to Biscayne Bay views from nearly every window in Mourning’s home, the property features an infinity pool and spacious patios and terraces. Inside, the home has a huge master suite with limestone fireplace, sitting room, dressing room, steam shower and his-and-her bathrooms and closets.

The listing is held by William Meyersohn and Michael Williams of Coldwell Banker Previews International.

et for $14.5 million.

Photos: Private Properties

View Slideshow

Planomatic

Retired NBA star Alonzo Mourning's home in Coral Gables, FL is listed at 14.5 million dollars.

Located in a gated community called Coral Gable Estates, the home, built in 2004, is on ¾ of an acre of waterfront on the bay, on a cul-de-sac. The 13,000-square-foot house overlooks the water and has eight bedrooms and 8½ bathrooms. There's also a library, a gym and a four-car garage. Outside there's a kitchen and dining area and an infinity pool.

Mr. Mourning's NBA career lasted 15 years, most of which he played with the Heat. He retired in 2009 and is currently focusing on charitable work.

Mr. and Mrs. Mourning, who bought the home in 2005, are selling because they're looking to downsize, says William Meyersohn of Coldwell Banker Previews International, who shares the listing with Michael Williams, also of Coldwell Banker.

· Miami Heat's Alonzo Mourning Lists His Coral Gables Home [WSJ]
· 33 Arvida Pw, Coral Gables, Fla [Florida Moves]