Miami Condo Market and Lifestyle Updates
Discouraged Yankees Slugger Accepts Renter for North Bay Road Digs (PHOTOS)

Discouraged Yankees Slugger Accepts Renter for North Bay Road Digs (PHOTOS)

by Sep Niakan | March 18, 2013

Unable to sell his mega-mansion overlooking Biscayne Bay for the listed price of $38 million, injured New York Yankee Alex Rodriguez decided to take his 20,000-square-foot domicile off the market for a $125,000 per month rental agreement. Replete with upscale amenities such a full-service gym, sauna, an outdoor pool, and an independent electrical generator, the palatial estate is also watched by a (paranoid?) army of 16 security cameras. Apparently, the baseball great just wants to “give the home a rest.”

 But considering the substantial profit Rodriguez had hoped to turn by selling (he originally purchased the house for $24 million in May 2010), it would appear he, at least initially, wanted more than a simple break from the place. Especially considering that there is no hard evidence that he ever lived in house since its purchase. Regardless of the reasoning behind the move, the mansion offers significant luxuries for its hefty rental price

The two-story house is newly constructed with coral-colored rock walls, white oak floors, and 12-foot glass windows facing 275 feet of water frontage and the Miami skyline. The property includes nine bedrooms, 11 baths, a home mega-theater, a rooftop deck, an elevator, and a 3,000 square-foot sports room fitted with a full-scale batting cage.

What do you think? Is A-Rod deluded in his attempt to score over $30 million in profits? And how sensible is it to rent a house for over $125,000 per month? Sound off in the comments.


Photos of A-Rod's mansion:

See more pictures here


Image Credit: miamicurbed

Recent posts

Real Estate News

Where to Find the Lowest Property Taxes in Miami?

by Sep Niakan | September 24, 2017

Most people don’t particularly love talking about property taxes. When looking for a home, buyers focus on more enjoyable aspects, like the layout, color scheme, size of the backyard, or the kitchen upgrades. Still, buyers have to pay...

Real Estate News

Miami’s New and Pre-Construction Condo Update: August 2017

by Sep Niakan | September 17, 2017

August comes up with quite some movement for the preconstruction condo market in Miami. We have Aston Martin Residences gearing up for a fall groundbreaking, Canvas and The Harbour successfully topped off, 1010 Brickell got its ok to open and...

Opinions and Advice

Back to school

by Sep Niakan | August 29, 2017

Septembers can be a sobering time for most as we say goodbye to summertime frolic. Kids are either back to school or are gearing up for it. Parents are busy running around, trying to get everything and every kid organized. It’s back to the...

Opinions and Advice

4 Property Tax Savings and Benefits when Buying Property in Florida

by Sep Niakan | August 29, 2017

For most people, paying taxes equals one big headache. In Florida, knowing your tax laws is worth the pain. Being a Florida resident, you can gain from many tax-saving programs. You can also find affordable real estate in big cities like Miami....