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Alex Rodriguez

$15 MILLION PROFIT

in Miami Beach Mansion Sale

5/22/2013 3:08 PM PDT BY TMZ STAFF
EXCLUSIVE

0522_alex_rodriguez_miami_mansion_sold_launch_v2He might not be great in October, but Alex Rodriguez is CRUSHING IT in May ... 'cause the baseball star just sold his Miami Beach mansion for a $15 MILLION profit, TMZ has learned.

We know ... A-Rod has accepted a $30 million offer for his 19,861-square-foot Miami Beach estate ... the same property he purchased in 2010 for $7.4 mil.

After he bought the place, the NY Yankees star sunk an additional $7.6 million into building his dream home -- meaning his total investment was $15 mil.

The home is unreal -- an oceanfront palace with 9 bedrooms, 11 full bathrooms (plus 2 half bathrooms), a 4-car garage, state of the art security system with 16 cameras and a Zen garden.

Plus, it's on the same street as Matt Damon!

Rodriguez quietly put the place on the market in August 2012 and was asking for $38 mil -- but ultimately, he decided to settle for a measly $30,000,000. Bummer ...

So who bought the joint? Unclear at this point ... but sources tell us the buyer is a celebrity who lives in Palm Beach.

Stay tuned ...

For more sports stories, check out tmzsports.com!
31 COMMENTS

No Avatar
1.

RedwoodPerch    

Now he can afford to clean up his rental properties for his tenants.

435 days ago
2.

Bu    

Ugly...It looks like a modern museum or doctors office building.

435 days ago
3.

Dan Frederiksen    

It's a nice house but not worth anywhere near that price. I'd say it would be a stretch at the original 7.6m$.
Some fool with too much money bought it.

435 days ago
4.

Luz    

The view from the living room window is sick.

435 days ago
5.

Stiletto    

Let's hold the applause until the appraisal comes in. Buyers tend to change their minds when they're notified by their bank that the appraisal shows the property is worth 1/2 of what they offered. Then it's either back to negotiating or they come pay the difference cash.

435 days ago
6.

Lisa    

If I were a multi-millonaire, I will put down a bid. It's a stunning house. One of the best celebrity homes I've seen. I love contemporary homes.

435 days ago
7.

stwnod    

Ahhh,I think it's only a $5 Mil. profit.........Not $15

435 days ago
8.

EastCoastChopper    

Miami beats LA - Beverly -Barbara - La Jolla for the simple fact you have such easy ocean access. You can walk out of your sick crib directly to your dock and jump on that 65' motor yacht and be in the Bahamas in 2 hours. It's a lifestyle California cannot offer. Yes you have boats, islands and ocean but not like the Miami water-front properties/

As far as the price, these celebs make money simply because they owned it...there name brings a premium because now the property is a celeb crib.... No way worth 30M

435 days ago
9.

pancake    

A sucker is born everyday and he found his.

435 days ago
10.

Mimi    

One hurricane and it's gone.

Not many celebrities live in Palm Beach... but I can think of one that might want the house... Jimmy Buffett.

435 days ago
11.

Nappy     

dats so nappy

435 days ago
12.

Thumes    

Did Simon Cowell use this house while filming Xfactor? I think this is the same house when Emblem 3 found out they advanced, one of the singers did a flip into the pool.

435 days ago
13.

Kath    

That house has about as much warmth as an empty office building.

435 days ago
14.

Dobby    

I'll guess Rod Stewart.

435 days ago
15.

Marcel    

yes, its the xfactor 2012 "judges house". simon has bought it?

435 days ago
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