The Year in Real Estate: 25 Properties Bought and Sold in Sports
Real estate investments are the playground of the wealthy. Housing bubble be damned, real estate remains a hot commodity for people that have money to throw around. And as home values creep back up, it's no surprise that some of the biggest names in sports are dipping their toes in the real estate waters.
Plenty of athletes, active and retired, have money to invest, and some big names have sunk major change into real estate. It doesn't always work out, but these ventures are a lot more exciting, and more beautiful, than any share of stock. If nothing else, real estate is something you can literally put your hands on.
These are 25 Swag Properties Bought and Sold by Athletes.
For Sale: Barry Zito, San Francisco Giants
Sold: Lane Kiffin, University of Southern California
The House: Manhattan Beach Mansion
The Cost: $5,500,000
The Details: When USC hired Lane Kiffin as their coach, they also put down $500,000 on loan toward the purchase of this six-bedroom, seven-bathroom SoCal mansion. If Kiffin is fired, he will be expected to forfeit the house and pay back the loan.
For Sale: Michael Jordan, Charlotte Bobcats
The House: Highland Park Mansion
The Cost: $29,000,000
The Details: Chicago Bulls legend Michael Jordan has long since retired and placed his Chicagoland mansion for sale. In Illinois, $30 million will buy you a seven-acre spread with a basketball court, a golf course and a ridiculous 15 bathrooms.
Sold: Cam Newton, Carolina Panthers
The House: Cam's Charlotte Condo
The Cost: $1,600,000
The Details: Panthers' quarterback Cam Newton picked up this 3,200-square-foot condo in Charlotte in April 2012. Newton's condo is situated in the very same building of Bobcats owner, Michael Jordan—obviously not bad for resale value!
For Sale: Michael Strahan, Retired NFL
The House: Hermosa Beach Condo
The Cost: $1,849,000
The Details: Former Giants defensive end Michael Strahan decided to unload his Hermosa Beach, Calif., condo after being picked up as the co-host of ABC's (since renamed) morning talk show Live! With Kelly and Michael! This three-bedroom, 3.5-bath Cali condo didn't last long on the market.
Sold: Shaun White, Snowboarder
The House: Encinitas Beachfront Home
The Cost: $3,850,000
The Details: X-Games snowboarder Shaun White picked up this stunning three-bedroom, three-bathroom, beachfront home in December 2012. The house was originally listed for $4.25 million, so White got quite a deal on the place.
For Sale: Pete Sampras, Retired Tennis
The House: Luscious Lake Sherwood Mansion
The Cost: $19,950,000
The Details: American tennis legend Pete Sampras and his wife, actress Bridgette Wilson-Sampras, have been trying to unload their mansion—situated on a 20-acre lot—for well over a year now. The house comes equipped with its own tennis court and is located on a Brentwood cul-de-sac.
Sold: Sean Payton, New Orleans Saints
The House: Massive Texas Mansion
The Cost: $3,995,000
The Details: Payton had been renting from Yankees star Mark Teixeira for over a year until he finally decided to buy the five-bedroom, six-bathroom, Mediterranean-style home on over an acre in Vaquero, Texas, in March 2012. The house is located on a golf course and has its own spa and tennis courts as well.
For Sale: Eddie George, Retired NFL
The House: Titans Titanic Spread
The Cost: $1,099,000
The Details: Retired Titans running back Eddie George listed his five-bedroom, seven-bathroom, house with a five-car garage for just under $2 million in April 2012. George and his wife have owned the home since early 2007—just over five years ago.
Sold: Derrick Rose, Chicago Bulls
The House: Rose's Chicago Trump Tower
The Cost: $2,800,000
The Details: In March 2012, Bulls superstar point guard Derrick Rose decided to buy a spacious new three-bedroom, four-bathroom, apartment near the top of the Trump Tower in Chicago. Rose took out a $1.7 million mortgage on his swanky new digs.
For Sale: Terry Bradshaw, Retired NFL
The House: Steelers' Sprawling Oklahoma Ranch
The Cost: $9,950,000
The Details: In March 2012, former Steelers great Terry Bradshaw listed his Thackerville, Okla., ranch for just under $10 million. The home is situated on nearly 650 acres and has six bedrooms and six bathrooms, as well as a 20-stall show barn.
Sold: Peyton Manning, Denver Broncos
The House: Manning's Denver Digs
The Cost: $4,575,000
The Details: When longtime Colts quarterback Peyton Manning was released from Indianapolis in the spring of 2012, he was quickly signed by the Broncos. Manning, the father of a pair of newborn twins, and his wife picked up this 16,000-square-foot mansion in the Cherry Hills Village neighborhood of suburban Denver in July.
For Sale: Jason Kidd, New York Knicks
The House: Kidd's Arizona Mavericks Mansion
The Cost: $5,900,000
The Details: Former Mavs star Jason Kidd listed his 13,000-plus-square-foot Paradise Valley, Ariz., mansion for sale in the summer of 2012 after signing a three-year deal with the Knicks. Kidd had once played for the Phoenix Suns before moving on to play in Dallas.
Sold: Marshawn Lynch, Seattle Seahawks
The House: Marshawn's San Francisco Waterfront Home
The Cost: $3,600,000
The Details: Seahawks running back Marshawn Lynch bought his five-bedroom, 5.5-bathroom, Bay Area mansion in the fall of 2012. The 7,000-square-foot home has a 58-foot-long boat dock, an elevator and a wine cellar on top of its massive space.
For Sale: Ray Allen, Miami Heat
The House: Allen's Massachusetts Mansion
The Cost: $5,200,000
The Details: After Ray Allen joined the Celtics in 2007, he purchased this massive Massachusetts mansion—possessing nearly 12,000 square feet, four stories, nine bedrooms, 9.5 bathrooms and a six-car garage. The MA house also has a 10-space car port—just in case you've got a few extra.
Sold: Ray Allen, Miami Heat
The House: Allen's South Beach Beachfront Rental
The Cost: $50,000 per month
The Details: Perhaps Ray Allen was unsure as to his final destination in the NBA, which could explain his $50,000-a-month Coral Gables rental in Miami. But if he doesn't purchase a home in the next few months, Allen's rental will begin to look more and more ridiculous.
For Sale: Alex Rodriguez, New York Yankees
The House: A-Rod's Miami Mansion
The Cost: $38,000,000
The Details: The Yankees sluggish slugger Alex Rodriguez showed his employers what his future looks like by putting his gigantic Miami mansion on the market in the summer of 2012. A-Rod's nine-bedroom, 11-bathroom, beachfront estate is expected to nab upwards of $35 million—over $10 million more than he paid for it in 2010.
Sold: Mario Williams, Buffalo Bills
The House: Mario's Bodacious Buffalo Mansion
The Cost: $2,000,000
The Details: After standout Texans defensive end Mario Williams signed a $100 million deal with the Bills in the spring of 2012, he picked up this Buffalo mansion in Orchard Park, N.Y., from a disgraced lawyer who had once owned the place prior to him.
For Sale: Gilbert Arenas, Shanghai Sharks
The House: Gilbert's Virginia Compound
The Cost: $3,500,000
The Details: Former Wizards superstar Gilbert Arenas was recently signed to a one-year deal with the Shanghai Sharks in China. His seven-bedroom, 10-bathroom, 13,000-square-foot mansion in Virginia can be yours for the time being.
Sold: Rob Gronkowski, New England Patriots
The House: Gronk's Florida Flat
The Cost: $1,600,000
The Details: After going down with a broken arm in the fall of 2012, Patriots superstar tight end Rob Gronkowski decided to dabble in real estate. Gronk bought this Tampa, Fla., bachelor pad in November (2012) and the four-bedroom, five-bathroom crib will surely become a local landmark for the ladies in Tampa.
For Sale: Chris Cooley, Washington Redskins
The House: Cooley's D.C. Diggs
The Cost: $2,500,000
The Details: Chris Cooley's longtime District of Columbia diggs are located just out of D.C. in Leesburg, Va. After being let go from the Skins in the fall of 2012, Cooley and his wife put their fancy mansion on the market in October 2012. The massive mansion is situated on 3.5 acres and has six bedrooms, 9.5 bathrooms, and a standalone Jacuzzi and dressing room.
Sold: Matt Leinart, Oakland Raiders
The House: Matt's Manhattan Beach Mansion
The Cost: $1,450,000
The Details: After fruitless stretches in Arizona and Texas, former USC quarterback Matt Leinart dropped a cool $1.5 million on this Manhattan Beach condo in March 2012. Leinart was dropped from the Texans roster after an injury kept him out of the lineup in late 2011.
For Sale: Mike Miller, Miami Heat
The House: Miami's Matt Miller's Mansion
The Cost: $5,400,000
The Details: Miller's mansion was initially listed for parts of $8,995,000 in Miami, but it was quickly reduced to the $5,400,000 price it's currently listed at. Miller's property boasts upwards of 10,000 square feet with six bedrooms and 10 total bathrooms, as well as nearly 3,000 square feet of outdoor living space.
Sold: Tom Brady, New England Patriots
The House: Brady's California Estate
The Cost: $20,000,000
The Details: Patriots quarterback Tom Brady and his wife, Brazilian supermodel Gislelle Bundchen, began building their California estate in early 2011, and it's just recently been completed. The Brady Estate boasts eight bedrooms, a rainwater recovery system, a wine cellar, a weight room, an eight-car garage, a lagoon-shaped pool with spa and a bridge connecting the wings of the house.
For Sale: Warren Sapp, Retired NFL
The House: Warren's Bankruptcy Boast
The Cost: $3,400,000
The Details: In 2012, former NFL badass Warren Sapp listed his Windermere, Fla., mansion for just over $3.5 million. Sapp's four-bedroom, eight-bathroom estate with just over 10,000 square feet should be just what he needs to get his financial house in order in 2013.