Basketball coach Rick Pitino sells Indian Creek waterfront mansion

Pitino is head coach for Iona College and Greece’s senior national team

Miami /
Apr.April 14, 2020 02:35 PM
Rick Pitino and 38 Indian Creek Island Road (Credit: Luxhunters, Panagiotis Moschandreou/Euroleague Basketball via Getty Images)

Rick Pitino and 38 Indian Creek Island Road (Credit: Luxhunters, Panagiotis Moschandreou/Euroleague Basketball via Getty Images)

Basketball coach Rick Pitino sold his Indian Creek waterfront mansion for $17 million.

Pitino, head coach for Iona College and for Greece’s senior national team, sold the eight-bedroom, 9,700-square-foot estate at 38 Indian Creek Island Road last week, according to Realtor.com and property records. Pitino, who has coached several teams — including the New York Knicks — was fired from the University of Louisville in 2017 for his alleged ties to a national college basketball recruiting scandal.

He listed his mansion that year for just under $24 million, but it’s been on and off the market since 2016. Most recently, it was asking $21.5 million with Ralph Arias of One Sotheby’s International Realty.

The property was “reduced for a quick sale,” according to the listing. It features 10 full bathrooms and two half-bathrooms, an elevator, home office, gym, resort-style pool, a dock with lifts and a four-car garage.

Records show Pitino and his wife Joanne paid $5.4 million for the 1.23-acre property in 1999. It was recently rebuilt and remodeled.

The sale closed last Wednesday, and is one of the most expensive homes to sell in Miami-Dade during the coronavirus pandemic. Earlier this month, former Univision executive Ray Rodriguez sold his Gables Estates home for $30 million.

Indian Creek, which has about 40 properties, is home to some of the wealthiest people in the U.S., including activist investor Carl Icahn, car dealership mogul Norman Braman, and developers and siblings Jackie and Jeffrey Soffer.

In February 2019, the waterfront mansion at 3 Indian Creek Island Road sold for $49.9 million, setting a new record for single-family home sales in Miami-Dade County.


Related Articles

arrow_forward_ios
From left: Milos Raonic, Venus Williams, Serena Williams and Novak Djokovic (Credit: Getty Images)

Luxury real estate anyone? US Open stars and their palatial pads

Luxury real estate anyone? US Open stars and their palatial pads
Lena Dunham and 60 Broadway (Credit: Getty Images)

Lena Dunham’s “massive real estate mistake”

Lena Dunham’s “massive real estate mistake”
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
Ivanka Trump and Jared Kushner with the Trump National Golf Club in Bedminster (Getty; Trump Org)

Ivanka Trump and Jared Kushner prepare NJ home for arrival

Ivanka Trump and Jared Kushner prepare NJ home for arrival
Ron Popeil and his Santa Barbara property (Ron Popeil, Zillow)

Infomercial king pitches his Santa Barbara ranch

Infomercial king pitches his Santa Barbara ranch
The Studio City house that stood in for Kris Jenner’s home on “Keeping Up With The Kardashians” is back on the market (Photos via Zillow; Getty)

Fake Kardashian home in Studio City gets price bump

Fake Kardashian home in Studio City gets price bump
Pablo Escobar’s former Miami Beach property sells for $11M

Pablo Escobar’s former Miami Beach property sells for $11M

Pablo Escobar’s former Miami Beach property sells for $11M
Pharrell Williams and David Lerner with a photo of 2545 Northwest Third Avenue and a rendering of the Billionaire Boys Club exterior (Getty, Google Maps, Lerner Family Properties)

Pharrell’s Billionaire Boys Club to open store in Wynwood

Pharrell’s Billionaire Boys Club to open store in Wynwood
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...