According to a posting on the Multiple Listing Service, NBA star Shaquille O'Neal got $16 million for his Miami luxury homes on Miami Beach's Star Island. Shaquille O'Neal paid $18.8 million for the property in August of 2004. He'd been trying to sell the 2.45-acre estate for four years, asking a high of $35 million to a recent low of $22.5 million.
There is still no information on who the buyer is that scored one of the finest Miami luxury homes, unfurnished, at a deep discount. The buyer's agent is listed as PhilipFreedman. He is a broker with Flagstone Realty of Miami.
The new owner, supposedly a European businessman, also has a luxury Miami condo on the Beach, and will continue to reside there until he renovates the seven-bedroom main house. A cash deal, with no mortgage.
O'Neal, a former Miami Heat center who was traded to the Suns last year, may soon be looking for a new home near Cleveland. He is reportedly about to be traded again -- to the Cavaliers.
Contributed by Miami Luxury Villas
