Shaq sells Miami mansion but takes a $ 2 million loss

After four years on the market, Shaquille O’Neal finally sold his Miami Beach mansion.

Word is out that his home closed this week for $16 million after first listing it for $32 million. It’s a humbling sale: Shaq bought the nearly 20,000-square-foot home on Star Island, in Biscayne Bay, for $18.8 million in 2004.

The Mediterranean-style home on 2.5 acres has seven bedrooms, eight bathrooms, an indoor basketball court, gym, a pool and sauna. The property also has a two-bedroom guest house, a tennis court, a dock and a six-car garage. The home, built in 1992 by Miami Heat center Rony Seikaly, was last listed for $22.5 million.

If you saw the show on Discovery called Million Dollar Agents, you will remember "The Jills", a Coldwell Banker team. They were the listing agents on the deal.

OK, so it was a really, really big house on an exclusive island in Biscayne Bay. Did it have a waterfront view?
You decide?

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Richard Sites, Realtor
Richard Sites
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