Star centre Shaquille O’Neal is on his way from Phoenix to Cleveland, but he’s still got real estate in the last housing-bubble wracked area he played in, Florida.
Well, at least he did. It looks like he’s finally dumped his mansion:
The Real Deal: Local brokers say former Miami Heat basketball star Shaquille O’Neal has finally sold his Miami Beach mansion, listed first in 2005 for $35 million. The buyer is Vladislav Doronin, Naomi Campbell’s boyfriend. Shaq’s 20,000-square-foot mansion has been an object of fascination and a high-end symbol of the housing crunch ever since. No details on the sale have been released, though it reportedly closed Wednesday. O’Neal had reportedly arranged a November 2007 sale to baseball star Alex Rodriguez for a price between $25 million and $27 million, but deflation took its toll in both sports and real estate and the deal fell through. A November 2008 report put the manse back on the market for $19 million. At the start of this year, another broker listed it for $25 million, and the listing price was dropped in March to $22.5 million.
We’ve reached out to Shaq — on Twitter! — and will update if he gets back to us with a price.
Also, we’d love to know what his housing situation is like in Phoenix, since if he bought, he’s probably underwater again. Good thing there’s probably zero chance of him getting caught up in a Cleveland housing bubble anytime soon.
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