An extra condominium can be an albatross — even for a set of Super Bowl winning former NFL players. Darren and Jamie Sharper closed Tuesday on their $4.2 million sale of a combination unit in the Continuum on South Beach’s south tower, according to listing broker Jon Corso of Coldwell Banker Real Estate in Miami Beach.
The retired football players pair bought the units, in the condo building at 100 South Pointe Drive, pre-construction for a combined $1.3 million in 2002, property records indicate. They used the property as an off-season home and party pad, according to Corso.
“But now that they’re not pulling in cash like they used to,” Corso said, and they didn’t think it made sense to continue to pay a mortgage, taxes and the $4,000 monthly maintenance bill to hold on to the property, especially because Darren already owns another unit in the building. Corso listed the property in January with a $4.4 million asking price.
The buyer is a corporation out of California, who Corso said might renovate and flip it. As sales in the building continue to approach the $2,000 per square foot price point, the buyer got a “great price,” at about $1,250 per square foot, Corso said, because the spread requires some improvements. He wouldn’t divulge the name of the buyer’s broker.
The 3,353-square-foot combo, unit #2008, could use about $250,000 to $1 million in upgrades, starting with appliances, to be “brought up to the new standards” of a high-end South Beach condo. The spread has two bedrooms but would be better constituted as a three-bedroom apartment, Corso said, considering the size of the layout. The units are combined by the elevator entrance to the floor, and feature a pair of private balconies with direct ocean views.
Darren and Jamie each won Super Bowls with separate teams. Jamie was a linebacker who played from 1997 through 2005 with various teams and won a Super Bowl with the Baltimore Ravens in 2001. But his younger brother is the more accomplished of the two. The safety played from 1997 through 2010, made five Pro Bowls and was named to the 2000s All-Decade Team. He also played with a number of teams, but won the Super Bowl with the New Orleans Saints following his penultimate season in the league. They could not be reached for comment.