Report: Shaq's House Sold With $19 Million Discount

Categories: Unreal Estate
via Kevin Tomlinson
There once was a time, before the real estate crash, before the credit crunch, and before the global economic meltdown, when Shaquille O'Neal figured he could sell his Star Island mansion for between $32 and $35 million. That was 2005, and this is now. 

Joan Fleischman reported this morning that Shaq has finally sold the house after four long years, but didn't have a name of the buyer or a price. Now the South Beach Condos Blog is reporting that the deal went down for a mere $16 million. Not only is that $19 million less than the highest asking price, but also $2.8 million less than the $18.8 million Shaq bought the place for in 2004. 

In 2007, Alex Rodriguez was rumored to be in negotiation to buy the spread for around $25 million, $10 million less than the original asking price. Then there were reports late last year some ne may scoop it up for $19 million. Eventually the asking price was lowered to $22.5 million, which apparently was still too high. 

Still no word yet on the identity of the buyer. 

Update: It's being reported that the buyer is none other than Russian billionaire Vladislav Doronin, better known in the west as the boyfriend of supermodel Naomi Campbell. 



Sponsor Content

My Voice Nation Help

Now Trending

Miami Concert Tickets

From the Vault