Former Pro Baseball Player, Alex Rodriguez, Sells Miami Property For $6.3 Million

Former Texas Rangers and New York Yankees professional baseball player Alex ‘A-Rod’ Rodriguez may not have hit a home run with celebrity singer and ex-fiancé Jennifer Lopez, but that hasn’t stopped him from making major money moves of his own. The property, which sits in the Design District of Miami, Florida, was purchased back in March for $5.5 million. But following the split from J-Lo, he reportedly put the three bedrooms, 3.5 bathroom home on the market for $7.7 million initially, but later dropped the price to $6.3 million. It appears that success runs in the family, as Rodriguez is represented by his sister and real estate agent, Arlene Susy Dunand.

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According to TMZ, the former Yankees slugger’s somewhat modest 3-bedroom home is said to be the highest-priced property ever sold in that area at $6.3 million. The home is literally only a few hundred feet away from the water and boasts a huge backyard space, while the 3,107 square foot home living space sits on 15,765 square feet. Its location allows easy access to downtown Miami and Miami Beach and also offers a priceless view of Sabal Lake. Also available in the backyard are a pool and barbeque area. The sports celebrity made a whopping $800,000 profit on the sale, making it a decent return on the property, considering the price it was sold for.

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Although A-Rod seems to be tying up any loose ends he had from his previous engagement with J-Lo, there is still one major piece of property the former couple owns together that either party will have to relinquish. During their two-year relationship, the couple bought a $45 million Miami Beach Pad together in August 2020. The waterfront property is located on the upper-class Star Island and comes complete with ten bedrooms and 12 bathrooms, making it a mega-mansion suited to the liking of both celebrities. The home sits on a 40,000 square foot lot, fitted with plenty of pool and living space.

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Alex Rodriguez, 46, has a net worth of $400 million which he has invested in real estate properties, such as the one mentioned above. He revealed that his interest in real estate came about even before his retirement from baseball in 2016. He is the chairman and CEO of A-ROD Corp, in addition to being the chairman and co-owner of the Dominican beer, Presidente. Since the split, Jennifer Lopez has returned to her ex-fiance, Ben Affleck, and the reunited pair seems to be getting back the spark they once lost.

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Sources: TMZ, Real Estate

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