If you think you’re having troubles selling your house in this economy, just imagine poor Shaquille O’Neal. The New York Post reported that Shaq has his 19,440-square-foot home on the market — again.
Shaq bought the house in August 2004 for $18.8 million, and it’s been on the market several times since then. Yankees third baseman Alex “A-Rod” Rodriguez had the house under contract in November 2007 for $32 million, but walked away from the deal because his now ex-wife wanted to be closer to her parents in Coconut Grove (Miami Herald, Nov. 14, 2007, Page A8).
The Daily Business Review recently reported that Broadway producer Peter Fine put the house under contract in November 2008 for a mere $19 million, but that deal also fell through. The house is now back on the market at $25 million.
So what do you get for $25 million? A killer view of Biscayne Bay, for one. Plus there’s the 8 bedrooms, 9 full baths, plus 3 half-baths, an indoor basketball court, pools and a multi-car garage.
The house is located at 26 E. Star Island Dr., just off the MacArthur Causeway.
If you’re considering buying Shaq’s castle, be prepared to pony up a monthly mortgage payment of $133,000 (that’s with a 20 percent — $5 million — down payment, and a 30-year mortgage at 7.05 percent). You should also know that the toney, private island is home to the brash-mouthed Rosie O’Donnell. Other neighbors include rocker Lenny Kravitz, musician Gloria Estefan and Forbes’ No. 553 richest person Phillip Frost, who earned his $2.2 billion pushing drugs — the legal kind.
“I’m tired of hearing about money, money, money, money, money. I just want to play the game, drink Pepsi, wear Reebok.” — Shaquille O’Neal, July 1996 after leaving the Orlando Magic for the Los Angeles Lakers.
UPDATE: The Web site luxist.com is reporting that the Big Diesel has unloaded his house for a $2.8 million loss. Ouch! According to the site, Naomi Cambell’s boyfriend, Vladislav Doronin, purchased the estate. You’ll find the story and photos of the estate at this link.