From the South Florida Web site: The recent revelation that
basketball star Shaquille O’Neal finally sold his mega-manse on swanky
Star Island for $16 million — a substantial discount from the $35
million he once sought — might not thrill his neighbors. They include
Rosie O’Donnell, Gloria Estefan, Sean “P. Diddy” Combs, Lenny Kravitz
and billionaire Phillip Frost, and it’s a safe bet none would welcome
being added to the list of celebrity poster children for the luxury
housing crunch. The sale price of $16 million is a mind-numbing drop of
54 percent from his original list price in 2005 of $35 million. Comments

From the South Florida Web site: 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. [more]