Alex Rodriguez scores Edgewater penthouse

The New York Yankees slugger sold his Miami Beach mansion for $30M in 2013

Sep.September 26, 2015 11:00 AM

New York Yankees star Alex Rodriguez has purchased a 3,200-square-foot penthouse at GranParaiso in Miami’s Edgewater neighborhood, the developer confirmed to The Real Deal.

The Related Group would not disclose a purchase price, but said that similar units sell for more than $4 million, as first reported by the Miami Herald.

In 2013, A-Rod sold his 20,000-square-foot Miami Beach mansion on North Bay Road for $30 million. The 14-time MLB All-Star, who admitted to using steroids in 2014, has a reported net worth of $252 million.

His flow-through unit, which will include 12-foot ceilings, will be on the 53rd story of the tower.

When completed in 2018, A-Rod‘s neighbors at the Edgewater condominium will include DJ and record producer David Guetta, San Antonio Spurs player Manu Ginóbili and tennis champion Arantxa Sánchez Vicario.

The Related Group launched sales for the fourth Paraiso tower, part of the ten-acre complex, in April. Piero Lissoni designed the lobby and public spaces, according to a press release. GranParaiso’s amenties will include a 100-foot zero entry pool, children’s pool, gym and spa, bowling lanes, virtual golf, theater, and access to the Paraiso Beach Club, which will feature a Michael Schwartz-led restaurant.

Paraiso Bayviews, the third tower to launch, broke group in August. The entire development is being built between Northeast 31st Street and Northeast 32nd Street, and from Biscayne Bay west to Northeast Fourth Avenue. – Katherine Kallergis

Related Articles

Elysee building at 788 Northeast 23rd Street

Edgewater’s tallest building tops off at 57 stories

Related Group building at 315 Biscayne Boulevard and Jorge Pérez (Credit: Google Maps)

Related Group lists downtown Miami HQ

Nick Perez and the site at 1116 North Ocean Boulevard (Credit: Google Maps)

Related to launch Pompano condo sales in Q1 2020

CAPTION: Rendering of Residences by Armani/Casa, Jorge Pérez and Gil Dezer

Gil Dezer, Related complete Residences by Armani/Casa

Gustavo Miculitzki, Jon Paul Perez, and Jay Roberts with a rendering of the project

Related, Block Capital sign deal with short-term rental operator

Jon Paul Perez and Patrick Plunkett

Related scion launches new affordable housing company

Jorge Pérez and Jon Paul Pérez (Credit: Wikipedia)

Miami’s condo king will hand crown to son next year

Huizenga lobbied Rick Scott to secure Opportunity Zone designation for West Palm site

Huizenga lobbied Rick Scott to secure Opportunity Zone designation for West Palm site