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

TRD MIAMI /
May.May 23, 2013 12:00 PM

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


Related Articles

arrow_forward_ios
Chad Carroll, Mariana Trentini, and Fabio Lopes, and Christopher Burch with 5050 North Bay Road

Heinz Brasil exec sells waterfront North Bay Road home to Christopher Burch

Jeffrey Soffer and Fontainebleau Miami Beach

Fontainebleau Miami Beach reveals proposed addition

David Martin, Russell Galbut, and a 500 Alton rendering (Credit: The Next Miami)

Miami Beach, Crescent Heights, Terra agree to settle dispute over floor-to-area calculations

Amir Zwickel and a Showfields store

Showfields to bring new retail concept to Lincoln Road

David Arditi of Aria Development Group and 321 Ocean

Condo association alleges construction defects at 321 Ocean: lawsuit

Julian Cohen and a rendering of the project

Felix and Julian Cohen propose waterfront spec mansion on North Bay Road

1452 Washington Avenue (Credit: Google Maps, iStock)

Spanish investor buys mixed-use building near Española Way

Joseph Menaged with his units at Faena House and One57 (Credit: Facebook, Redfin, StreetEasy)

Father of “Property Wars” star pleads guilty to bank fraud

arrow_forward_ios
Loading...