Miami Condo Market and Lifestyle Updates
Beleaguered A-Rod Sells MB Mansion for Record-breaking Price

Beleaguered A-Rod Sells MB Mansion for Record-breaking Price

by Sep Niakan | August 13, 2013

New York Yankee third baseman Alex Rodriguez may have just recently been suspended for one and a half seasons from the sport that made him his fortune, but his recent record-breaking real estate sale is sure to keep him in the financial black for the foreseeable future. The All-Star athlete sold his Miami Beach mansion in May for $30 million, the highest price ever on North Bay Road. Even then, the sale price was still $8 million less than the original asking price while netting A-Rod $15 million in profit.

The Miami native initially bought the house three years ago for $7.4 million and spend an additional $7.6 million to renovate it to a more modern design. The nearly 20,000 square feet of residential expanse encompasses nine bedrooms, 11 full bathrooms, two half bathrooms, a gourmet kitchen, and a four-car garage. But the amenities don’t stop there as it also features a surround sound home theater, a vanishing-edge heated pool, an outdoor kitchen, rooftop deck, and a guest house.

Since the mansion was the residence of a high-level athlete, it also features a stand-alone gym, a 3,000 square foot sports room with batting cage, sauna, and steam room. Though the buyer is currently unknown, it was reputedly purchased by a celebrity who currently resides in Palm Beach.



                                                                See more pictures here

Recent posts

Real Estate News

Could Cite in Edgewater Have New Hotel Neighbor?

by Sep Niakan | January 12, 2017

According to thenextmiami, a petition involving a 15 by 75 feet alley has sparked speculations that a brand new hotel could be coming to Edgewater. Why? Simply because this alley comes attached to a 7,875 sq. ft. plot located at 348 Northeast 20...

Real Estate News

Brickell Avenue Bridge Schedule, Traffic and Solutions -- All You Need To Know

by Sep Niakan | January 09, 2017

Ever tried driving from Brickell to Downtown Miami for lunch? Most Miamians dread the thought of catching the dreaded drawbridge, which opens every hour or half-hour during non-curfew hours to allow river traffic to pass under. So what’s...

Real Estate News

9 Positive Signs for the Miami Real Estate Market in 2017

by Sep Niakan | January 08, 2017

Last year’s headlines weren’t too kind to Miami with hurricanes, Zika warnings and falling sales painting a dark picture. However, with the elections finally done with, there are plenty of reasons to be optimistic about 2017: 1. ...

Real Estate News

Projects That Will Change the Way We Look at Wynwood, Forever!

by Sep Niakan | December 28, 2016

We all know Wynwood as the friendly, hipster neighborhood splashed with the best street art in the world. It’s where we all go for our art fix, browse far-out finds and linger around for a couple of craft beers. But, how about shopping,...