Dan Marino's home in Weston, Fla., has all of the extras befitting a Hall of Fame quarterback -- a 15,000-square-foot main house, two guest houses, a waterfall Jacuzzi spa, a volleyball court and a putting green. What it lacks is a buyer: After more than a year on the market, a $1.4 million price cut to $14.5 million and a change in listing agents, the former Miami Dolphin's home still hasn't sold.
From Miami to San Francisco, the real-estate market is glutted with the splashy homes of professional athletes. Experts say there are simply more of them out there than there were a decade ago, as salaries and signing bonuses have soared and even some first-year players are living large in gigantic, decked-out homes. At the same time, trades and free-agency deals have continued apace, meaning more properties are being put up for sale every year. And the offers aren't rolling in.
Over-the-top, customized amenities such as 8-foot doorways, wrought-iron gates emblazoned with uniform numbers, and basketball courts with stadium seating aren't hitting home with prospective buyers. Many of these properties are sitting on the market for a year or more, and if they finally do sell, it's often at substantially discounted prices.
Friday, March 02, 2007
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1 comment:
It's no surprise hearing that people aren't interested in paying $14 million for a home in Weston. There are a ton of luxury estates for sale in Weston for a fraction of the price. Example: Windmill Ranch Estates
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