Yunel Escobar buys penthouse on Miami River

Tampa Bay Rays shortstop pays $1M for Ivy condo near downtown

May.May 08, 2014 11:15 AM

Professional baseball player Yunel Escobar now has a penthouse on the Miami River to go along with his two single-family homes in Miami, The Real Deal has learned.

The Tampa Bay Rays shortstop paid $1 million for Unit PH-1 at the Ivy condo tower, which is part of the Riverfront complex, according to Miami-Dade County records. The sale of the three-bedroom, 2,250-square-foot condo closed on April 18 and was recorded on May 1. Escobar received a $750,000 mortgage from City National Bank of Florida for the purchase of the 90 Southwest Third Street unit.

Miami-based CAK SRK sold the penthouse to Escobar. The company is managed by Robert Korn. It paid about $1.2 million for the unit in July 2008, shortly after the Ivy was completed.

Escobar also owns a pair of single-family residences in southern Miami-Dade, according to county records.

Born in Havana, Cuba, Escobar played for the Atlanta Braves and Toronto Blue Jays before joining the Rays before the 2013 season. He was on the Marlins roster for less than a month in 2012. The team acquired Escobar in a large trade and immediately sent the shortstop to Tampa.

Escobar was suspended for three games in September 2012 for writing a derogatory Spanish phrase in his eye black.

Related Articles

Rendering of planned marine facility and restaurant

Miami River Commission approves yacht building and restaurant

Jorge Pérez with renderings of the projects

Related Group, Atlantic Pacific seek approvals for mixed-use apartment projects

The Gallery on the River and Jorge Perez of Related Group (Credit: Wikipedia)

Related Group moves forward with Gallery on the River project

1160 Northwest North River Drive and Yolymiler Diaz (Credit: Google Maps and LinkedIn)

Miami River apartments sell amid development boom

Michael Adler and a rendering of Miami Riverside Center  

Miami commissioners approve Adler’s mixed-use project on city property

A rendering of the project and Joseph Chetrit

Chetrit scores loan for Miami River project, buys out JDS stake

(Credit: Google Maps and iStock)

City rezoned their neighboring property, and now Miami River homeowners are getting the same treatment

Rendering of the project, Avra Jain and Bob Zangrillo

Avra Jain teams with Bob Zangrillo on $200M mixed-use project on Miami River