A-Rod looks to flip Miami condo
The New York Yankees star has listed his unit for $3.2 million, months after purchasing it for less.
After netting a $15 million profit on the sale of his spectacular waterfront home in Miami Beach, Fla., earlier this year, Rodriguez is at it again. The embattled ballplayer may not earn a paycheck playing baseball next season if his looming suspension is upheld. However, like Renner, whose home-flipping legend continues to grow in Hollywood, A-Rod stands to make another tidy profit on a real estate flip.
Rodriguez is asking $3.2 million for a unit in Mei Condominiums, an Asian-inspired luxury high-rise on the outskirts of Biscayne Bay. It was less than six months ago that the New York Yankees star paid $2.1 million for the condo.
Miami Condo Investments reports that Rodriguez commissioned renowned designer Briggs Edward Solomon to do a complete renovation of the unit shortly after buying the property in June. The three-bedroom, four-bathroom home now sports a whitewashed, modern design with hardwood flooring, contemporary finishes and walls of glass overlooking the Atlantic Ocean.
A modernized kitchen features custom cabinetry and top-tier appliances such as an espresso-maker and a wine cooler, and a number of flat-screen televisions have been installed throughout the unit.
In addition to its many upgrades, the home also has a wealth of "smart home" features and an ocean-facing patio.
Residents of the Mei Condominiums are treated to a host of building amenities, including 24-hour security and valet parking and access to a private fitness facility, pool and spa.
The all-star third baseman was suspended 211 games after being linked to a Florida clinic accused of distributing performance-enhancing drugs and has since sued Major League Baseball. Besides his ongoing legal trouble, Rodriguez made real estate news earlier this year when he parted ways with the aforementioned ultra-modern waterfront mansion.
The lavish home, which features 275 feet of private frontage and a 3,000-square-foot sports facility, was originally offered as a rental before coming to market with a price tag of $38 million. Rodriguez netted a profit of $15 million after selling the luxury property for $30 million.
Check out more photos of the latest A-Rod property to hit the market:
The listing is held by Arlene Dunand of Sotheby’s International Realty.
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