Shaq sells Miami housePosted by Inside Hoops
The South Florida Sun-Sentinel (Sarah Talalay) reports: Former Heat center Shaquille O’Neal finally unloaded his Star Island home on Wednesday, a day before he was traded from Phoenix to the Cleveland Cavaliers. Philip Freedman, a broker with Flagstone Realty, said the deal to sell the 2.5 acre property at 26 Star Island Drive closed Wednesday. The home sold for $16 million, far below the $18.8 million O’Neal paid for the mansion in 2004 and the $32 million he was seeking for the home in 2005. He was reportedly asking $22.5 million, but couldn’t get nearly that much in this economic climate.
InsideHoops.com editor says: Shaq sold his home for a bit less than I recent spent on one of my new summer houses.