Shaq’s Star Island sale may set price floor

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.