A-Rod Sells Miami Beach Mansion For $30 Million
Alex Rodriguez is playing the real estate market a lot better than the baseball field this year.
The Yankees slugger, who has missed the season with an injury, just closed on the sale of his Miami Beach home for $30 million, believed to be the most paid for a home in Miami Beach history.
The sale means that A-Rod doubled his investment on the home, which he purchased for about $7.4 million and then put an equivalent amount in upgrades.
“When you’re offered the highest price for a home in a city’s history, you have to take it,” said Jose More, a business partner of Rodriguez and vice president of his construction company.
He’s lived there less than two years, moving in back in October 2011. Within a year he listed it for $38 million, but took it off the market in December 2012 after getting no takers.
The 20,000-square-foot home, which is set on a 54,000-square-foot plot of land, comes with nine bedrooms and 11 bathrooms with European white oak flooring throughout.
A-Rod’s mansion is pretty unique, ESPN notes:
“Its most impressive feature is at the rear of the house, where clear, glass windows can be adjusted so that someone can walk straight outside. The house also features a zen garden and rooftop deck.”
It’s also got an indoor batting cage, though that may be taken out if the new owner isn’t as inclined toward baseball. Overall the home has become a landmark in Miami Beach.
“Alex was ahead of his time in his design of the modern, clean, elegant structure,” More said. “There are eight houses in the area that are now being built exactly like this.”
A-Rod could be leaving the area to get away from a growing scandal. Back in February A-Rod was implicated in the scandal regarding Biogenesis, a South Florida company accused of providing performance-enhancing drugs to a large group of professional athletes.
Whoever bought A-Rod’s mansion for $30 million has some famous neighbors. Actor Matt Damon lives in the neighborhood, as do Miami Heat stars Dwyane Wade and Chris Bosh.
