Mavericks’ Jason Kidd Lists Dallas Condo for $1.595 Million

Source: Wikipedia

What do you get when you cross a prolonged NBA lockout and a stagnant real estate market? That’s right: A slew of pro basketball players used to raking in monster paydays now looking to unload their pricey cribs.

This time, it’s All-Star and future Hall of Famer Jason Kidd who’s looking to sell his high-rise condo, which the Oakland-born point guard has listed in the Dallas real estate market for $1.595 million.

According to Professional Athlete Homes, Kidd isn’t the only NBA player to unload a home in the down time of the lockout. Rashard Lewis, Mike Miller, and Jermaine O’Neal also have current real estate listings.

Kidd picked up the condo in 2008 for a little under $1.5 million soon after he was traded from the New Jersey Nets to the Dallas Mavericks, where he then signed a three-year contract for upwards of $25 million. The 38-year-old was the second pick overall by Mavericks in 1994, before detours took him to Phoenix and New Jersey.

While owners and players were deep in negotiations to salvage some of the 2011-2012 NBA season, with a new plan to start the season on Christmas Day, Kidd — at age 38 — may be eyeing the closing days of his illustrious career. His return to Dallas in ’08 has already resulted in the ultimate NBA fulfillment: The Mavs beat back the LeBron James-led Miami Heat to win the 2011 NBA Finals championship, capping Kidd’s 16 years in the NBA.

A shortened season could benefit an older player like Kidd, whose knees and back would be tough-tested by a full 80-game season. But regardless of how the NBA season turns out, Kidd — who remarried in September — has apparently decided that it’s time to try and unload his high-rise dwelling.

The Azure condo building Kidd bought into was brand-new construction in 2008 — the first LEED-certified building in Dallas. Kidd opted for a unit on the 21st floor. The 3-bedroom, 3.5-bath home has 2,607 sq ft of living space as well as a balcony with outdoor fireplace with views of the Dallas skyline. The apartment features high ceilings, hardwood and stone floors and a gourmet kitchen with granite countertops coupled with high-end appliances.

The Azure has been home to other Dallas pro athletes, including former Cowboys’ receivers Deion Sanders and Terrell Owens, whose 20th floor, custom condo is on the market for $1.6M, down from an original list price of $2.250M.

Although Dallas home values have slid since 2008, Kidd has priced the condo in the current Oak Lawn real estate market for more than he paid for it.

The listing is held by agent Betty Misko of Ebby Halliday.

One month’s payment on the home will be $5,986 with 20 percent down payment on a 30-year-mortgage, according to Zillow Mortgage Marketplace.