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?

Does South Florida look like a great place to live?  YOU BET IT IS!  If you are looking for a home in this area, let me show you the best values and locations.  Unlike many agents, I have lived here 21 years and can show you all homes for sale listed by all brokers.  Contact me at rsites@bellsouth.net or on Skype at rsites.
Richard Sites, Realtor
Richard Sites
Blogging in Jupiter
rsites@bellsouth.net
561-762-4073