Shaq's Miami Mansion Finally Sold
O'Neal's overpriced waterfront crib sells after years on the market
By BRIAN HAMACHER
Updated 2:25 PM PST, Thu, Jun 25, 2009
Shaq has found new team on the same day he sold an old house.
The NBA star was traded to Cleveland today as news broke that his opulent Miami Beach mansion was finally sold - four years after it was first put on the market and for way less than what he wanted for it.
The seven bedroom Star Island waterfront manse was originally listed at $32 million in 2005 and was brought down as low as $22.5 million in April. The final terms of the deal haven't been disclosed, according to the Miami Herald.
The house has quite a history. The Diesel bought the 2-and-a-half acre pad -- originally built in '92 by another former Heat player, Rony Seikaly -- for $19 million in '04 when he joined the Heat in a trade from L.A. In 2007, Yankee Alex Rodriguez signed a contract to buy the house, when he was still married to wife Cynthia, but he backed out of the deal. Shaq was shipped to Phoenix in February '08, and has been sitting on the house since.
The property includes the standard mansion amenities: an indoor basketball court, tennis court, six-car garage, dock, two-bedroom guest house, and, of course, a pool emblazoned with a Superman logo.
First Published: Jun 25, 2009 7:48 AM PST
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