The Real Deal Miami

Shaq attack: sales reports come back

June 25, 2009 11:32AM

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. 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 reportedly had 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.