The Real Deal Miami

A-Rod sees $15M profit from Miami Beach home

May 23, 2013 12:00PM

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Alex Rodriguez’s Miami Beach mansion

UPDATED, 12:47 p.m., May 24: Yankees slugger Alex Rodriguez sold his contemporary Miami Beach mansion for $30 million, netting a $15 million profit and setting and sales record for a home on the city’s North Bay Road, The Real Deal confirmed.

Rodriguez bought the property at 4358 North Bay Road in May 2010 for $7.4 million and poured in an additional $7.6 million to renovate it, Miami-Dade County records show.

The two-story house has nine bedrooms, 11 full and two half bathrooms and an indoor batting cage spread across 19,861 square feet, according to One Sotheby’s International Realty, which represented Rodriguez.

The property also boasts a four-car garage, 16-camera security system and a Zen garden.

“The demand for trophy homes worldwide, especially those contemporary in design, has never been greater,” Mayi de la Vega, chief executive and founder of One Sotheby’s International Realty said in a statement.

The house, which Rodriguez listed last August for $38 million, was sold to a celebrity who lives in Palm Beach, the site said. [TMZ]Emily Schmall

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