Real Estate Rumors

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Shawn Marion FINALLY unloaded his Miami condo … the one he was so desperate to sell, he once offered up Super Bowl tickets to any takers! The former NBA champ closed the deal on the massive, 7,373 sq. ft pad, which features six bedrooms and seven baths. It’s located in a super exclusive Coconut Grove gated community. Marion lost money on the deal — he sold it for $1.8 million after buying it in 2008 for just under $2.5 million.
The walled estate encompasses nearly half an acre with a 12,178-square-foot main house, a guesthouse, security quarters, a 4,500-square-foot patio space and an infinity-edge pool with waterfall features and custom lighting. Private dockage can accommodate space for up to two 60-foot yachts. The three-story main house, replete with dark hardwoods, box-beam ceilings and glass walls, has an elevator, a wood-paneled office and a home theater with stadium seating. An entertainment wing features a lounge area, a game room and a wet bar. There are six bedrooms and 8.5 bathrooms.
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Cleveland Cavaliers star LeBron James is under contract to sell his waterfront home in Coconut Grove, Fla., according to the Multiple Listing Service. The pending sale comes after James in March lowered the asking price for the modern compound in the Crystal Cove area to $15 million, down from $17 million last year. Records show that the 30-year-old basketball player paid $9 million for the property in late 2010, the year it was built.
Houston Rockets owner Leslie Alexander is putting his Manhattan penthouse on the market for $49.75 million, just two years after he bought it for $42 million, according to listing agent Melanie Lazenby of Douglas Elliman Real Estate. The apartment is located at 18 Gramercy Park, a prewar building recently converted to condos by Zeckendorf Development and Global Holdings. Mr. Alexander bought the apartment from the developers, going into contract in 2012 and closing in 2013, according to Ms. Lazenby, who sold Mr. Alexander the property. She is co-listing the apartment with Dina Lewis.
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Los Angeles Lakers star Kobe Bryant is under contract to sell his home in Newport Coast, according to the Multiple Listing Service. The pending sale is expected to set a price record for the Pelican Ridge community. The current high water mark for the enclave is held by an 8,000-square-foot home that sold for $4.78 million in 2013, property records show. Bryant’s house currently shows a list price of $6.45 million.
LeBron James can’t seem to get out of Miami fast enough. Since leaving the Heat for the Cleveland Cavaliers he’s 0-2 there. Now he’s chopped $2 million off the asking price of his waterfront estate in Coconut Grove, Fla. Reduced to $15 million, the walled compound encompasses nearly half an acre. In addition to the 12,178-square-foot contemporary mansion, there’s a guesthouse, security quarters, a 4,500-square-foot entertainment space, an infinity-edge pool and dock space for up to two 60-foot yachts.
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Because the only thing better than visiting Disney World is staying there forever, Mickey Mouse is getting a new 7-foot neighbor with smooth post moves. Nets center Brook Lopez, 26, a longtime Disneyphile with a Goofy figurine in his locker, told the Daily News that he is building a luxury home on site at his favorite Orlando resort. “My older brother Chris sent me a link when the property development was first announced three or four years ago now,” Lopez said. “We joked about doing it. As it got more real and real, I just decided I wanted to do it.”
Even without Thomas, who’s become a sparkplug for the Celtics since his acquisition, the C’s earned a thrilling win at TD Garden Wednesday night. Thomas was rooting his team on from a local hotel – he still hasn’t found a permanent home since the trade-deadline deal that brought him to Boston. “My team showed a lot of heart last night. I was watching the whole game. I was excited,” Thomas said. “Hopefully I can get back as soon as possible.”
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The 6,600-square-foot white traditional he recently purchased with Azalea — which used to be owned by singer-actress Selena Gomez — is a monument to his passions. The property, tucked behind a gate in the San Fernando Valley neighborhood of Tarzana, comes with a detached building that Young is converting into a “shoe house.” He employs not one but two “shoe keepers,” who oversee his 500-plus pairs of sneakers, a collection that includes Vans fitted with roller-skating wheels. As Young leads a tour from shoe house to main quarters, he pretends he is on MTV Cribs. Off the kitchen is a replica of the hollywood sign over a red carpet. In the billiards room is a 10-by-10-foot mural, painted by graffiti artist Dame MSK that incorporates a cartoon basketball with arms forming the three-point goggles. In the living room is a set of eight whoopee cushions, presumably for two-year-old Nick Jr., who shows less interest in them than his dad. And behind the bar are two oversized neon letters, s and p, the orange p familiar because it was once part of a Home Depot marquee. These are the initials of Young’s self-manufactured alter ego, a loopy but lovable character named Swaggy P, who fires 35-foot jumpers, attempts 360-degree layups and sometimes even makes them.
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Allen Iverson’s former mansion in Villanova has finally been sold after two-and-a-half years on and off the market. Its price keeps dropping. Iverson paid $5 million, more than a decade ago, and he sold it for $2.6 million to Saladworks CEO John Scardapane in 2010. The new sale price of the 13,000-square-foot French estate was $2.19 million, to Joshua and Noelle Burg, according to Montgomery County public records. He is the president of Glass Enterprises, a glass manufacturer.
A Spicewood, Texas, home owned by the San Antonio Spurs’ Tim Duncan has come to market at $945,000. Set on about 2.25 acres on Lake Travis, the home has an outdoor fire pit, a boat dock and a wide stretch of dry frontage. The two-story residence, built in 1999, includes a double-height living room, a chef’s kitchen with a center island, five bedrooms and four bathrooms in 3,955 square feet. Among the features are a game room and an office/study. The master suite sports a two-sided fireplace and a large soaking tub.
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Currently the assistant head coach of the Golden State Warriors, Alvin Gentry has moved on after being fired as head coach of the Phoenix Suns in 2013. As evidence of his coaching acumen, he’s played an instrumental role in the resounding success the Warriors have enjoyed thus far in the 2014-2015 NBA season. However, Gentry still has a remaining tie to Arizona: a Scottsdale home that he’s had on the market since May. Listed by Lesley McGee, the price has been cut three times to land at the current asking price of $1.06 million, a 10% reduction off the original price tag.
Avery Johnson, nicknamed the “Little General” during his playing days in the NBA, has sold his mansion-estate in The Woodlands, Texas, for $6.1 million – about 32% less than his original commanded price. The Mediterranean-style estate, designed by Jaurequi Architect and completed in 2005, backs the 17th hole of the Jack Nicklaus-designed course at Carlton Woods with a full-sized basketball court and a tiered pool on about two acres.
Four-and-a-half-years on, Cuban’s shovel has yet to pierce the earth, and neighbors and everyone else have mostly forgotten about the grandiose promises. Even the government-subsidized apartments haven’t been built, thanks to HUD’s refusal to support the project. “Nobody’s paying attention because that property’s been over there vacant for over 100 years,” says Betty Culbreath, the district’s plan commissioner. She doesn’t think Wonderview is dead, but she’s never met with Cuban or his reps and there is no sign that activity is imminent
Dallas — nay, America — has many good reasons to love Mark Cuban. He turned the Mavericks into NBA champions. He’s the most accessible billionaire in the universe. He yells at terrible refs on our behalf and feuds with the Perots. He was a disruptor before disrupting was cool. But for all of Cuban’s endearing qualities, let’s be honest about something: He’s really terrible at real estate.
While news of LeBron James’ $17 million listing has been leading real estate headlines, new teammate and fellow all-star Kyrie Irving has made a move of his own, buying a Westlake, Ohio, home from former Cavaliers guard Daniel Gibson and his estranged wife, singer-songwriter Keyshia Cole. The 22-year-old point guard paid $800,000 for the two-story residence, found on more than half an acre west of Quicken Loans Arena. Gibson paid $1.25 million for the property in August 2009 and had asked as much as $1.1 million for the home last year.
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Basketball vagabond Mike James, most recently of the Chicago Bulls, has put his mansion-estate in Houston on the market at $7.499 million. The gated compound, well-equipped for the modern athlete, features a detached sports complex, complete with an NBA regulation basketball court, a fitness center and hydrotherapy immersion tanks on nearly four acres in Rivercrest. Entered through a grand foyer, the 9,286 square feet of living space sports vaulted interiors with hardwood and marble flooring, detailed molding and stone fireplace. Among amenities is a game room with a wet bar, a media room and an office/retreat. There’s also two kitchens. The master suite, one of 11 bedrooms and 10.5 bathrooms, has dual vanities and a pair of soaking tubs. A detached guest house adds an additional 2,000 square feet. Outdoors, a sunken pool and spa separate the main residence and guest home. A pair of putting greens with sand traps and a water hazard complete the park-like setting.
Marcus recalls the area, known as the “1500 block,” as a place where Crips and Bloods gangs waged war, where drugs were rampant, where police sirens howled, where the Fourth of July was an excuse to fire off more gunshots than normal because outsiders mistook them for fireworks. “At the time when I was here,” Marcus says, “if you heard ‘Lancaster, 1500 block, Meadows,’ everybody said, ‘Oh, you live by the Meadows. We won’t come over there. We’ll talk to you later.’?”
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If DeMar DeRozan needs a spot to hang his gold medal from the Basketball World Cup, the USA Basketball star has plenty of options to choose from. The former USC Trojans player and Toronto Raptors wing recently purchased a large estate in Tarzana for slightly over $3.75 million. The home, built in Mediterranean-style in 1995, occupies more than an acre in the gated Mulholland Park area with a pool, expansive lawns and a full basketball sports court. Entered through a grand foyer with a sweeping double staircase, the floor plan features detailed molding, distressed hardwood and a range of ceiling treatments.
Luol Deng, the veteran NBA forward who is expected to fill the void at small forward for the Heat in the post-LeBron James era, has paid $4.6 million for a home on the Miami waterfront. The walled compound, built in 1928, occupies nearly three-quarters of an acre north of downtown Miami with a Mediterranean-style main residence, a two-story guesthouse, a pool, a boat dock with a lift and 107 feet of frontage on Biscayne Bay.
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Dwyane Wade reportedly makes around $30 million a year — his estimated worth is approximately $100 mil — which makes it pretty shocking his $1.2 million Chicago pad is in foreclosure. According to legal docs — obtained by TMZ Sports — Wade stopped making payments on the $225K mortgage … the docs don’t say how much he’s behind. The house is located in South Holland, a Chicago suburb. It’s massive — 7,800 square feet, 6 bedrooms and a basketball court on 3 acres.