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Source: Baseball News Source

Source: Baseball News Source

While Alex Rodriguez waits out his battle against Major League Baseball — he’s suing the MLB for “destroying his reputation, ruining his endorsement deals and making it impossible for him to finish his Yankees contract” — he’s still playing the real estate game. The embattled shortstop and one-time highest paid baseball player has listed a condo he bought just six months ago.

It’s up for debate as to why A-Rod is selling his home. Although he renovated the condo, hiring “world-renowned Briggs Edward Solomon,” he’s listed it for $3.2 million — only $1 million more than what he paid for the place. With broker fees, taxes and the cost of flipping the unit, Rodriguez would not make a huge profit. He did, however, make a much bigger profit on the sale of his $30 million custom home, which he unloaded just a month before buying the condo.

Rodriguez’s luxe condo is in the Mei Building on Millionaire’s Row in Miami Beach. The Asian-inspired building at 5875 Collins Ave includes high-end amenities such as an enormous fitness center, spa, infinity pool, 24-hour concierge and valet parking. His unit in particular has 3 bedrooms and 4 baths on a 1,725-square-foot floor plan. Wraparound balconies have views of the ocean.

The listing is held by Arlene Dunand of Sotheby’s International Realty.

Related: 

Erika Riggsa real estate writer for Zillow Blog, covers celebrity real estate, unusual properties and home design trends. Read more of her work here

About the Author

Erika Riggs, the Zillow Digs manager, covers home design and trends.

  • http://savehouses.org/ Gerald Harris

    This actually depends on what he put into renovations. As long as the spread makes sense and he doesn’t get eaten up by closing costs and taxes he may have found himself in a very successful niche. There are many investors out there who fix and flip luxury real estate successfully and make great money annually doing this. It doesn’t compare to his Baseball salary in past times, but i think its a great move if he can do this consistently.

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