Daily Business Review
June 14, 2010
A-Rod Buys Prime Miami Beach Property
By Eric Kalis
Baseball superstar Alex Rodriguez of the New York Yankees has purchased a prime waterfront property in a high-end Miami Beach neighborhood for $7.4 million.
Rodriguez, who spent much of his youth in Miami and starred at Westminster Christian High School, paid about $159 per square foot for a vacant 1.07-acre residential parcel at 4358 N. Bay Road. Other celebrities who own homes in the neighborhood include fashion entrepreneur Calvin Klein, actor Matt Damon and singer Ricky Martin.
The Rodriguez purchase, which has not been recorded in Miami-Dade County records, closed on May 28. Miami Beach broker Kevin Tomlinson first reported the transaction on his South Beach Condo Blog.