U.S. News & World Report
January 6, 2009
The Home Front - Shaquille O'Neal's Housing Market Rejection
By Luke Mullins
Looks like the housing market just stuffed Shaquille O'Neal:
The Phoenix Suns center has just relisted his Star Island estate in Miami Beach for $25 million - $10 million less than its all-time high asking price back in November 2007, when a prospective buyer backed out of a deal for it. O'Neal bought the spread for $18.8 million in 2004, when South Florida was riding a boom.
[Kevin broke this story January 1 on his South Beach Condos Blog, the source for this article and more than a dozen other similar articles around the country]