The lack of clarity surrounding the U.S.-China trade war is what's really hitting global growth, says ex- Deputy Treasury Secretary Sarah Bloom Raskin.World Economyread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
China's economy has long relied on factors such high levels of investments and an expanding labor force for growth. Those growth drivers are running out of steam.China Economyread more
India could benefit from the fallout in the U.S.-China trade war, experts told CNBC — but much-needed reforms on land and labor could prove to be a challenge for companies...Asia Economyread more
New crash tests show the Tesla Model 3 and the Audi e-tron, are among the safest models out on the road. The results bolster the theory electric vehicles may be better...Autosread more
U.S. consumers and growth in sectors such as technology have offset declines in other American industries, says Tom Finke, chairman and CEO of investment management firm...US Economyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
Last weekend's attacks on oil facilities — and the spike in crude prices that followed — should show that the world needs to stop relying on oil, says Helen Clark.Energyread more
The photo depicts Canadian leader Justin Trudeau wearing a turban and robe, with dark makeup on his hands, face and neck. Liberal Party spokesman confirms the photo is of...Electionsread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
The U.S. Federal Reserve on Wednesday cut its overnight rate by 25 basis points to a range of 1.75% to 2%, a move that was widely expected. The central bank, however, appeared...Asia Marketsread more
The value of the average home in the U.S. in April was $147,300, according to the real estate website Zillow.com. The home of the professional athlete, however, is likely to be anything but average.
The professional athlete is often a distinct type of home buyer who’s different from the average American, in part because the contract and endorsement money makes possible the purchase of colossal, multimillion-dollar homes. However, these athletes can have serious problems selling off real estate.
A multimillion-dollar mansion can have a hard time attracting a buyer, even under ideal circumstances, but the same mansion with a regulation-size basketball court attached to it can be next to impossible to sell, as basketball legend Julius Erving learned the hard way in 2010. As the great American poet Christopher Wallace (Notorious B.I.G.) once said, “The more money we come across, the more problems we see.”
What follows is a gallery of athletes’ homes that are on the market. All of them are studies in fully loaded, tricked-out luxury, as only a few people could afford. The owners were identified by the real estate site Trulia.com.
Read ahead to see 10 of the coolest athlete homes on the market.
By Daniel Bukszpan
Posted 19 June 2012
Location: Dana Point, Calif.
Price: $2.2 million
Square Footage: 4,207
Sugar Ray Leonard was a professional boxer who was most active during the 1970s and 1980s. He was inducted into the International Boxing Hall of Fame in 1997.
His house in the California city of Dana Point is for sale. The single-family, Mediterranean-style home is located within the Ritz Pointe gated community and features views of Catalina Island and the Monarch Beach Links golf course.
Price: $1.9 million
Square Footage: 6,325
Jason Terry is a shooting guard and sometime point guard for the NBA's Dallas Mavericks. He lives with his wife and four children in a seven-bedroom Atlanta home that’s selling for just under $2 million.
The listing doesn’t disclose the number of bathrooms. However, the property has enough amenities that prospective buyers might not notice that small detail at first. Among them are a pool with a waterfall, a fireplace and a three-car garage, as well as a beauty salon and a media room.
Price: $2.1 million
Square Footage: 7,464
Devin Harris plays basketball with the Utah Jazz. Despite having a workplace in the state that the Osmond family calls home, he has been living in a Mediterranean villa in Dallas.
The home, which recently went on the market for just over $2 million, is in the gated community of Green Park. According to the listing, it includes a gourmet kitchen with Viking appliances and has a “wall of windows and doors that open to pool area and covered patio.”
Location: Sudbury, Mass.
Price: $1.7 million
Bathrooms: 3 full, 1 half
Square Footage: 5,124
There may be more glamorous places to live than Sudbury, Mass., but few offer sports fans the once-in-a-lifetime opportunity of buying the home of a true legend. Sudbury is the site of 558 Dutton Road, the one-time home of Babe Ruth.
The Bambino’s former abode is a single-family home that’s been renovated to include a “state-of-the-art cherry kitchen” and to exude “warmth and ambiance.” The third floor includes what the listing calls a Babe Ruth memorabilia room, and the premises include a large barn zoned for both commercial and residential uses.
Location: Kentfield, Calif.
Price: $11.5 million
Bathrooms: 5 full, two half
Square Footage: 7,116
Barry Zito is a pitcher for the San Francisco Giants. He recently listed his home in Kentfield, Calif., for $11.5 million, and the 91,476 square foot lot where it’s located might make the offer enticing before one even sees the house.
As for the property itself, it offers views of Mount Tamalpais that the listing describes as “reach-out-and-touch-me.” The home has recently been upgraded to add a family room and a guest house with an 18-foot deck.
Location: Ladera Ranch, Calif.
Price: $2.2 million
Square Footage: 5,980
Ryan “Mad Dog” Madson is a pitcher for the Cincinnati Reds, although he hasn’t done much actual pitching for the team. After signing a $6 million, one-year contract in January 2012, the pitcher tore a ligament in his right elbow during spring training, costing him the entire season.
Madson recently listed his single-family home in Ladera Ranch, Calif., for $2.2 million. The custom home has a formal living room, formal dining room, and a billiards room with a bar and a wine cellar. The outdoor area features a living room with a fireplace and pool heated by solar power.
Location: La Canada Flintridge, Calif.
Price: $3.8 million
Bathrooms: 6 full, 5 half
Square Footage: 7,402
Rafael Furcal is a shortstop who plays for the St. Louis Cardinals. His home in the La Canada Flintridge Country Club Greenridge Estates is currently on the market for $3.8 million.
The entry features a curved staircase, and the formal dining room features French doors that offer views of the swimming pool and waterfall. The listing describes this part of the home as ideal for “casual entertaining.” The basement has a sauna, a wine cellar and a media room.
Location: New York
Price: $18 million
Bathrooms: 5 full, 1 half
Square Footage: 5,425
Derek Jeter has been playing for the New York Yankees since 1995, an eternity by professional baseball player standards. So it makes sense that in all that time, he would drop anchor in his team’s city and buy a piece of prime New York real estate. The property in question is a penthouse suite in Trump World Tower, which Jeter has put on the market for $18 million.
The panoramic view of the Manhattan skyline from the 88th-floor apartment is a major selling point, to say nothing of the equally impressive views of the Brooklyn Bridge, the Williamsburg Bridge and the Verrazano Bridge, along with the East River and the Hudson River. The apartment also features 16-foot-tall floor-to-ceiling windows, a wood-burning fireplace and wallpaper made of the finest ultra-suede.
Location: New York
Price: $6.25 million
Bathrooms: 4 full, 1 half
Square Footage: 4,100
David Wright has played for the New York Mets since 2004. In that time, he's won two Gold Glove Awards and two Silver Slugger Awards, and he's been a member of the All-Star team five times.
His New York penthouse is on the market for $6.25 million. Located in the Flatiron District, the home has a private roof deck with a hot tub.
Price: $5.4 million
Bathrooms: 4 full, 1 half
Square Footage: 7,000
Jamie Moyer is a pitcher for the Baltimore Orioles, and at age 49, he’s the oldest player in major league baseball. His seven-bedroom home in Seattle is for sale for $5.4 million.
Described in the listing as “a handsome portrait commanding your attention,” the home was built in 1933, and great care has been taken to preserve its many authentic details. The listing describes its “high peak roof lines and copper channels, stone crests and shields,” and its “exquisite stone casings” as just a few of the highlights of this very special property.