Alex Rodriguez Flips a Prime Home in Miami for $6.3M

The transaction happened just eight months soon after A-Rod picked up the lakeside abode in April for $5.5 million. Months afterwards, he place the pad back on the market place, in the beginning asking $8.5 million. In May, the price tag dropped to $7.2 million, right before he offered it in December at the nevertheless-reduce quantity.

Even with the discount rates, Rodriguez pocketed a modest profit from the speedy flip.

In accordance to studies, the location will be torn down by the new customers to make way for new construction that will take complete benefit of the waterfront placing.

Residence run

Established on a third of an acre, the single-tale home provides 4 bedrooms and 3 bogs. Constructed in 1962, the midcentury modern-day space comes with partitions of glass, an open up notion strategy, and indoor-outside residing.

In the coronary heart of Miami’s Design District, it is on the gated personal island of Bay Level Estates. 

The spot delivers views of Sabal Lake and the Miami skyline. Renovated in 1985, the minimalist design and style features ceramic floors, a mild and vivid kitchen, and a residing and dining space that opens to the patio by means of glass sliding doors.

Outside the house, the private oasis features lush landscaping, a pool, and outdoor kitchen area. 

The listing notes that the customer can opt to develop anew or renovate—which it describes as the two “win-acquire possibilities with its fantastic location.” The scenic location is close to Miami Seaside, downtown Miami, the highways, and the airport.

Substantial-profile qualities

The former 3rd baseman also owns a breathtaking $40 million residence on Star Island that he reportedly ordered with his ex, the celebrity Jennifer Lopez. He also owns an artful mansion in Coral Gables, FL.

Throughout their time alongside one another, the significant-profile pair teamed up to acquire a number of swings at the genuine estate market place. They flipped a Malibu beachfront pad they acquired from the actor Jeremy Piven for $6.6 million, promoting it for $8 million. 

The pair also purchased and swiftly bought a luxury rental in a large-increase on Billionaires’ Row in Manhattan. 

Rodriguez is a 14-time All-Star who performed for 22 seasons with the New York Yankees, Seattle Mariners, and Texas Rangers. Now retired, the baseball legend serves as an ESPN analyst and is a section-proprietor of the NBA’s Minnesota Timberwolves.

Arlene Dunand with Coldwell Banker Realty, Rodriguez’s sister, represented Rodriguez. Julianna Castro with Compass represented the purchaser.