Shaq Drops Price of Miami Mansion to $22.5 Million

Last August, NBA basketball star Shaquille O’Neal cut the asking price of his Miami mansion, located at 26 Star Island Dr, Miami Beach, FL 33139,  from $35 million to $29 million. Recently, he made another price adjustment, dropping it by $6.5 million to $22.5 million. Wow — a $12.5 million price drop in a year’s time! Even multi-millionaires are feeling the heat.

The nearly 20,000 sq ft estate is located on the appropriately named Star Island, a manmade island in Biscayne Bay where many of the rich and famous live (or have lived), including Madonna, Sylvestor Stallone, Gloria Estefan, Sean (P. Diddy) Combs, Julio Iglesias, and Rosie O’Donnell, to name a few.

Now that Shaq’s playing for the Phoenix Suns, he wants to unload this mansion, which sits on 2.5 acres, has a tennis court, infinity-edge pool and enough room for the Suns’ starting five with 7 bedrooms and 8 bathrooms. Check out more photos of the Shaq-sized mansion.

For Twitter addicts, here’s Shaq‘s tweets. He keeps it real.