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

Lifestyle

Where to Find the Best Latin and Caribbean Food in Miami?

by Sep Niakan | February 15, 2017

Miami has always been a melting pot of cultures. From the Bahamians that came to work at the Peacock Inn in the 1870s to influx of Cuban immigrants in the 1960s. Miami didn’t just welcome people with open arms, but also embraced their...

Real Estate News

2017 is Going to Be a Renter’s Market for Downtown Miami Condos and Apartments

by Sep Niakan | February 12, 2017

If you thought living in Downtown Miami was a distant dream, think again. 2017 comes bearing great news for those who’ve always wanted to live close to the urban core but couldn’t afford it. You will now be able to rent a Downtown Miami...

Real Estate News

Cité Condo in Miami Edgewater is Now Fannie Mae Approved, 5% Down Payments Are Back

by Sep Niakan | February 12, 2017

If you’ve been eyeing property in Edgewater, I have great news for you. With Edgewater’s Cité condos getting Fannie Mae approved, you could now get in with a lower down payment. Or better still, have reduced monthly payments due...

Real Estate News

Frost Museum of Science Likely Ready to Debut in Downtown Miami this Spring

by Sep Niakan | February 05, 2017

It looks like the Patricia and Phillip Frost Museum of Science has finally got the “spring” back in its step. A quick Google search reveals that the facility aims to open ‘early 2017’, which means it could be ready just in...