Despite Setting A Price Record, Kobe Bryant Still Lost Money On The Mansion Deal
Superstar basketball player Kobe Bryant just set another record, albeit off the court, by selling his Newport Coast mansion for a cool sum of $6 million.
Bryant can add another accolade to his impressive list of credentials. A proud father, Bryant may call himself a real estate mogul owing to the hefty sum he collected by selling his mansion. While reports confirm it is the highest price ever paid for a property in that neighborhood, Kobe did not truly make any money on the deal.
The house that set a price record is truly a thing of beauty, inside and out. The stunning California mansion may have set a price record by selling for $6,116,500, but it has been a labor of love for the superstar and deserved an even loftier price. In fact, the 8,741-square-foot property was put on the market for $8.6 million in August of 2013.
Kobe had purchased the grand villa from sports agent Dwight Manley in 2001 when it was only partially constructed, allowing the star to build the mansion to his exact desired specifications. The basketball star has spent a small fortune renovating it. The home sports solid walnut flooring, limestone capped staircases, and a massive walk-in closet in the master bedroom. Despite featuring an 850-square-foot gym for working out and a complete hair salon, a few realtors believe the mansion was mostly unused; Bryant and his family own two other homes in that area.
One of the highlights of the mansion is a large paneled office/library, which boasts a huge water tank that can house a shark. The listing that Kobe had to repeatedly reduce the price on mentioned the mansion had a majestic master suite which sported beautiful and unobstructed views of the ocean as well as the city. The mansion that Kobe sold for a reasonable sum of $6 million also boasts an art theater, lobby, and wet bar. As is mandatory in mansions, the place also has a “one-of-a-kind” swimming pool and spa, apart from a fire pit and an outdoor kitchen/BBQ center. Incidentally, the swimming pool has a waterfall.
The previous record was held by an 8,000-square-foot home that sold for $4.78 million in 2013. The four-bedroom home has 5.5 bathrooms. Kobe had entrusted Jordan Cohen of Re/Max Olson & Associates as the agent according to the Multiple Listing Service. Though the buyer’s name has been withheld, Marcy Weinstein and Rex McKown of Surterre Properties represented him or her.
[Image Credit | Getty Images, Jeff Elson]
