A-Rod Trying to Flip Latest Miami Beach Condo for $1 Million Profit

Categories: Unreal Estate

No one is sure if Alex Rodriguez will ever play another Major League Baseball game again, but it looks like he might have a promising back-up career as a Miami Beach real estate flipper. A-Rod bought a new condo unit in Midbeach's Mei building this past June for $2.1 million. Because he had just sold his old Miami Beach pad for a hefty $15 million profit, the assumption was he might be moving in, but it turns out he's also trying to sell this place for a 50 percent profit.

It's back on the market for $3.1 million.

According to Miami Condo Investments, he did put some work into the unit. He brought in interior designer Briggs Edward Solomon to redo the décor. This is what it looked like before:

MEiarod.jpg
And this is what it looks like now:

alex-rodriguez-mei-miami-beach-1102-1.jpg
The 11th-floor unit at the Asian-inspired 5874 Collins Ave. building comes with three bedrooms, two baths, and 1,725 square feet of total space.

Rodriguez real estate adventures seem to mirror the overall health of Miami's market. This year, he seems to be on a roll, but it was only just a few years ago when he was slashing prices on his Coral Gables mansion to get it off his hands.

Follow Miami New Times on Facebook and Twitter @MiamiNewTimes.

My Voice Nation Help
6 comments
Ace Greene
Ace Greene

He could be a spellchecker for the New Times.....

Cary Gonzalez
Cary Gonzalez

He has more money than the Vatican. He doesn't need another job...

Alex Pappas
Alex Pappas

isnt he worth a 1/2 billion? find a new hobby, bro.

MiamiBeachCrack
MiamiBeachCrack

He did some nice air conditioning and electrical alterations.  Unit is a botch job.  Board will sign off on the sale to avoid legal problems.  New owner is screwed. 

Now Trending

Miami Concert Tickets

From the Vault

 

Fashion

Loading...