In a real estate play that rivals his prowess on the basketball court, former NBA star Shaquille O’Neal has swiftly sold his Texas mansion for $1.7 million, just a month after listing it. This rapid sale not only highlights O’Neal’s shrewdness in property investments but also signifies a significant profit from his original purchase.
A Slam-Dunk Deal
Shaquille O’Neal, the towering figure in NBA history, purchased the Carrollton, TX property in 2022 for $1.224 million. The recent sale price of $1.7 million surpasses the original listing price of $1,695,000, reflecting a notable return on his investment. Nestled in the prestigious Gates of Prestonwood, a gated community just outside Dallas, this home combines privacy with opulence.
Features That Captivate
Described as an “elegant home” with “lush landscaping” by Realtor.com®, the mansion boasts five bedrooms and 5.5 bathrooms, catering to both large families and those who enjoy hosting grand gatherings. The “dream kitchen,” outfitted with a six-burner Wolf gas range and a sizable island, is perfect for culinary enthusiasts and entertaining guests. The home also includes a cigar lounge, home theater, and expansive living areas, all adorned with high ceilings and open layouts.
For outdoor entertainment, the property offers a grotto-style pool and ample space for barbecues. The primary bedroom, designed with a sitting area and grand columns leading to the bathroom, adds a touch of luxury to the residence.
A Tale of Two Properties
While O’Neal is celebrating this swift and profitable sale, his real estate journey has seen its share of ups and downs. In 2022, he experienced a significant setback with the sale of a Florida mansion. Originally listed at $28 million in 2018, the price was slashed multiple times before finally selling for $11 million—a considerable drop from the initial asking price. Despite this, O’Neal still realized a substantial profit from his original purchase of $3.95 million in 1993.
A Broader Perspective
O’Neal’s real estate endeavors are not unique among NBA legends. His former rival, Michael Jordan, has faced challenges in selling his $14.855 million Chicago mansion, which has been on the market since 2012.
Today, Shaquille O’Neal’s career has transitioned from the basketball court to the analyst desk as a prominent figure on “Inside the NBA.” However, his successful sale of the Carrollton mansion underscores his ongoing acumen in navigating the real estate arena.
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