05/24 13:44 CDT A-Rod sells Miami Beach home for $30M
A-Rod sells Miami Beach home for $30M
MIAMI BEACH, Fla. (AP) -- New York Yankees slugger Alex Rodriguez has 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. More says Rodriguez decided to sell because the buyer, who More wouldn't name, made A-Rod an offer he simply could not refuse. More says 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.
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