Seikaly purchased a vacant 0.6-acre lot at 2060 North Bay Road for $2.15 million in 2002 before building the current Mediterranean estate, which measures 9,363 square feet and includes nine bedrooms, 10 bathrooms, and magnificent views of Biscayne Bay.
Other features include a three-bedroom guest house with a fully-equipped gym; striking interior courtyard with multiple fountains; covered cabana; rooftop deck; summer kitchen; and half-court basketball court.
The expansive and gorgeous estate is currently the seventh most expensive home for rent in Miami Beach, according to Zillow, a list that includes three homes offered at a whopping $150,000 a month.
Seikaly starred with the Miami Heat for six seasons from 1989 to 1994, becoming the first ever draft pick of the franchise when they chose him ninth overall in the 1988 NBA Draft.
Seikaly parted ways with the home in 2010 for just under $11.5 million.