A-Rod Sells Miami Beach Home For $30 Million
MIAMI BEACH, Fla. (CBSNewYork/AP) -- Alex Rodriguez has hit a home run when it comes to a recent home sale.
The Yankees slugger sold his Miami Beach home for $30 million.
A-Rod's business partner, Jose More, confirmed that the sale closed Friday.
Rodriguez bought the 54,000-square-foot piece of waterfront land for $7.4 million in 2010. Using his own construction company, Newport Property Construction, he spent another $7.6 million building a nearly-20,000-square-foot mansion.
The sale, one of the highest ever in Miami-Dade County, will earn Rodriguez a $15 million profit.
Rodriguez decided to sell because the buyer, who More wouldn't name, made A-Rod an offer he simply could not refuse, More said.
More said Rodriguez also loves the design process and is already planning to buy another home in South Florida with a little more privacy.
A-Rod is recovering from surgery on his left hip.
You May Also Be Interested In These Stories
(TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)
