Miami Beach Luxury Real Estate: Shaq Unloads Manse After Over 4 Years on Market
UPDATE: Shaq house sells $19M less than original list price of $35M.
UPDATE 2: Vladislav Doronin, aka Naomi Campbell’s boyfriend, is the buyer.
Originally listed in 2005, Shaq’s FORMER home located on Star Island in Miami Beach closed yesterday for an undisclosed amount. Everyone’s being tight-lipped. No word on buyer or price; but the listing and the tax roll have to be updated soon.
In November of 2007, A-Rod was under contract to purchase the home from Shaq for a rumored $25-$27M.
As the market soured, so did Shaq’s luck with his real estate. On November 4th 2008, the Daily Business Review reported that the home was again under contract for around $19M.
On Jan 1, 2009 the home was again re-listed by a different broker for $25M, $10M less than his original asking price of $35M.
Finally, the property was listed again by the original broker in March 2009 for $22.5M.
How Will the Star Island Saga End?
So, I’m hearing that there are major confidentiality agreements on the deal but at some point, I WILL get the info and let y’all know exactly how this ends and who the new owner is.
- Trulia helps Shaq find a new home in really, really boring Cleveland. I can say it because I’m from there.