Basketball coach Rick Pitino sells Indian Creek waterfront mansion

Pitino is head coach for Iona College and Greece’s senior national team

TRD MIAMI /
Apr.April 14, 2020 01:30 PM
Rick Pitino and 38 Indian Creek Island Road (Credit: Luxhunters, Panagiotis Moschandreou/Euroleague Basketball via Getty Images)

Rick Pitino and 38 Indian Creek Island Road (Credit: Luxhunters, Panagiotis Moschandreou/Euroleague Basketball via Getty Images)

Basketball coach Rick Pitino sold his Indian Creek waterfront mansion for $17 million.

Pitino, head coach for Iona College and for Greece’s senior national team, sold the eight-bedroom, 9,700-square-foot estate at 38 Indian Creek Island Road last week, according to Realtor.com and property records. Pitino, who has coached several teams — including the New York Knicks — was fired from the University of Louisville in 2017 for his alleged ties to a national college basketball recruiting scandal.

He listed his mansion that year for just under $24 million, but it’s been on and off the market since 2016. Most recently, it was asking $21.5 million with Ralph Arias of One Sotheby’s International Realty.

The property was “reduced for a quick sale,” according to the listing. It features 10 full bathrooms and two half-bathrooms, an elevator, home office, gym, resort-style pool, a dock with lifts and a four-car garage.

Records show Pitino and his wife Joanne paid $5.4 million for the 1.23-acre property in 1999. It was recently rebuilt and remodeled.

The sale closed last Wednesday, and is one of the most expensive homes to sell in Miami-Dade during the coronavirus pandemic. Earlier this month, former Univision executive Ray Rodriguez sold his Gables Estates home for $30 million.

Indian Creek, which has about 40 properties, is home to some of the wealthiest people in the U.S., including activist investor Carl Icahn, car dealership mogul Norman Braman, and developers and siblings Jackie and Jeffrey Soffer.

In February 2019, the waterfront mansion at 3 Indian Creek Island Road sold for $49.9 million, setting a new record for single-family home sales in Miami-Dade County.


Related Articles

arrow_forward_ios
Russell Weiner with 12520 Seminole Beach Road and 12395 Banyan Road (Redfin)

Billionaire Rockstar Energy founder flips Elin Nordegren’s former North Palm Beach estate for $48M

Billionaire Rockstar Energy founder flips Elin Nordegren’s former North Palm Beach estate for $48M
Phil Collins and Orianne Cevey (Credit: Johnny Louis/WireImage via Getty Images)

Phil Collins trying to evict ex-wife from Miami Beach mansion

Phil Collins trying to evict ex-wife from Miami Beach mansion
Tony Robbins and 2951 Electronics Way, West Palm Beach (Getty, Google Maps)

Tony Robbins buys West Palm Beach warehouse for production studio

Tony Robbins buys West Palm Beach warehouse for production studio
Michael Wekerle & 1000 Riviera Isle Drive (Credit: Google Maps and Isaiah Trickey/FilmMagic via Getty Images)

Fort Lauderdale estate built for Anheuser-Busch CEO hits the market at $19M

Fort Lauderdale estate built for Anheuser-Busch CEO hits the market at $19M
11750 Turtle Beach Road, North Palm Beach (Realtor)

Billionaire businessman sells North Palm Beach mansion for $19M

Billionaire businessman sells North Palm Beach mansion for $19M
Brandon Marshall and 16710 Stratford Court (Credit: Steven Ferdman/Getty Images, and Lenny Kagan)

Former Miami Dolphin Brandon Marshall sells Southwest Ranches home

Former Miami Dolphin Brandon Marshall sells Southwest Ranches home
Yadier Molina & 6431 River Pointe Way (Credit: Todd Kirkland/Getty Images, and Google Maps)

Baseball player Yadier Molina sells Jupiter mansion for $8M

Baseball player Yadier Molina sells Jupiter mansion for $8M
Kasperi Kapanen and 2603 Embassy Drive (Credit: Jeff Zelevansky/Getty Images)

Pittsburgh Penguins’ Kasperi Kapanen scores West Palm Beach home

Pittsburgh Penguins’ Kasperi Kapanen scores West Palm Beach home
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...