When 2 professional sports stars that are known by 1 word nicknames world wide get involved in a real estate transaction you know that big dollars are involved. A-Rod, or Alex Rodriguez and baseballs highest paid player, is buying the Star Island mansion outside of Miami from Shaq, Shaquille O’Neal and the NBA’s most famous player.
The 8 bedroom, 19,440 square foot home is located just between Miami and Miami Beach and is long been a home for celebrities. Neighbors include Will Smith, Gloria Estefan, Rosie O’Donnell, Madonna, and Sylvester Stallone. The home was originally placed on the market for 35 million 2 years ago.
Two brokers speaking on condition of anonymity said the contract is worth $25 million to $27 million. The assessed value of the house on 2.45 acres is $25.3 million, according to the Miami-Dade County property appraiser’s office.
The sales contract came to be almost two months after the 7-foot-1, 340-pound center filed for divorce from his wife, Shaunie. The couple has been married for five years. They have four children.
Brokers said “A-Rod” Rodriguez has been looking for a bigger home for at least two months. Shaq’s home is more than twice the size of the Coral Gables home occupied by Rodriguez, a former New York Yankee who became a free agent after he opted out of a $252 million contract at the end of the World Series.
Rodriguez is said to have started home shopping shortly before his agent, Scott Boras, announced the third baseman wanted to test free agency. via Daily Business Review
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