Slam dunk: Scottie Pippen sells waterfront Fort Lauderdale mansion for nearly $11M

After multiple previous attempts, NBA legend scores a sale

Miami /
Sep.September 20, 2021 06:00 PM
Scottie Pippen and the Fort Lauderdale house (Getty, Compass)

Scottie Pippen and the Fort Lauderdale house (Getty, Compass)

After repeated attempts over 12 years, retired NBA legend Scottie Pippen finally slam dunked the sale of his waterfront Fort Lauderdale estate.

Pippen, who won six world championships with the Chicago Bulls and a gold medal with the 1992 Olympic Dream Team, sold the three-story mansion at 2571 Del Lago Drive in Harbor Beach for $10.5 million, according to records.

The buyers, Shahram and Elka Khaledi, took out a $7.4 million loan from City National Bank of Florida, records show. Shahram Khaledi, the founder of SK Group, is a real estate developer from Texas who expanded to South Florida five years ago. Khaledi also co-owns H.K. Global Trading Ltd., a Doral-based company involved in various ventures, including electronics manufacturing and distribution, duty free stores and freight forwarding, according to the firm’s website.

In February, Pippen, who also played for the Houston Rockets and Portland Trailblazers during his 16-year career, listed the resort-style estate with six bedrooms, six full bathrooms and two half-bathrooms for $12 million. Erin Sykes and Margo Fuller of Nest Seekers International‘s Elliott Team handled the most recent listing.

Gilles Rais with Coldwell Banker represented the buyer.

According to Realtor.com, the mansion has been on and off the market since 2009, listed for as much as $16 million that year, and again in 2011. In 2014, Pippen and his estranged wife, Larsa Pippen, who starred in “The Real Housewives of Miami,” listed the property for $11.8 million, and again in 2016 for $10.9 million. A year later, the estate was put on the rental market, along with the use of a 55-foot Van Dutch yacht, for $40,000 a month.

Pippen bought the property in 2000 for $1.3 million, records show. Built in 2004, the 10,484-square-foot mansion features a fitness center, theater, putting green, playground, water fountains and a full-size outdoor NBA court. Sitting on a nearly 1-acre double lot, the estate has 215 feet of frontage along the Intracoastal Waterway.

Last month, after five years and multiple price cuts, Pippen also landed a buyer for his suburban Chicago mansion. The 10,000-square-foot Highland Park estate, which includes an indoor basketball court, is in contract. It was listed most recently for just under $2 million.

Current and former athletes have been active in the hot South Florida luxury residential market. Ex-NFL player Orlandus Andre Branch III recently sold a non-waterfront Miami Beach home for $6.3 million, and, for the same price, retired NASCAR driver Brian Vickers bought a condo at the Continuum South in South Beach.

Earlier this month, Miami Heat star Jimmy Butler sold his Pinecrest mansion for $7.1 million.

Last month, fresh off his exhibition match with Youtuber Logan Paul, retired boxer Floyd Mayweather bought a Miami Beach mansion for $18 million, and four-time Indianapolis 500 champ Hélio Castroneves parted with his waterfront Fort Lauderdale home for $6.7 million.






    Related Articles

    arrow_forward_ios
    From left: Francisco Llado, Gil Dezer, Amir Korangy, Paulo Bacchi, Edgardo Defortuna, Jay Parker, Daniel de la Vega (Artefacto, Getty)
    Is Miami’s residential architecture overplayed? No way!: TRD panel at Artefacto
    Is Miami’s residential architecture overplayed? No way!: TRD panel at Artefacto
    Los Angeles Chargers defensive end Joey Bosa buys a waterfront Fort Lauderdale house for $6M (Daniel Petroni Photography, Getty)
    $6M play: Los Angeles Chargers’ Joey Bosa picks up waterfront Fort Lauderdale home
    $6M play: Los Angeles Chargers’ Joey Bosa picks up waterfront Fort Lauderdale home
    Olivier Brandicourt and 220 Island Drive in Key Biscayne (Getty, Google Maps)
    Former French vaccine chief drops nearly $8M on waterfront Key Biscayne spec home
    Former French vaccine chief drops nearly $8M on waterfront Key Biscayne spec home
    Goooal! Former media exec ensnared in FIFA scandal sells Key Biscayne home for $8M
    Goooal! Former media exec ensnared in FIFA scandal sells Key Biscayne home for $8M
    Goooal! Former media exec ensnared in FIFA scandal sells Key Biscayne home for $8M
    Rockpoint, InSite buy B Ocean Resort Fort Lauderdale for $127M
    Rockpoint, InSite buy B Ocean Resort Fort Lauderdale for $127M
    Rockpoint, InSite buy B Ocean Resort Fort Lauderdale for $127M
    Jim Moran with the site (Google Maps, Jim Moran Foundation)
    Jim Moran Foundation revs up HQ plan with $10M site acquisition
    Jim Moran Foundation revs up HQ plan with $10M site acquisition
    Fort Lauderdale Beach hotel portfolio trades for $27M
    Fort Lauderdale Beach hotel portfolio trades for $27M
    Fort Lauderdale Beach hotel portfolio trades for $27M
    Developer completes $70M Grand Station apartments — with A-Rod as an investor
    Developer completes $70M Grand Station apartments — with A-Rod as an investor
    Developer completes $70M Grand Station apartments — with A-Rod as an investor
    arrow_forward_ios

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

    Loading...