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​Plaxico Burress

Casualty In Real Estate Crash

Takes Huge Hit on FL Mansion

2/4/2014 9:07 AM PST BY TMZ STAFF
EXCLUSIVE

0204_plax_pad_house_launchPlaxico Burress just got ROCKED by the real estate market ... 'cause he just unloaded his Florida mansion for HALF of what he paid for it back in 2005, TMZ Sports has learned.

We know ... Plaxico originally bought the 6,872 square-foot mansion in Lighthouse Point, FL back in September 2005 for $3.995 ... but that was right before the bubble burst.

Since then, real estate values in the area have plummeted -- and Plax just sold the place for $2 mil.

Official documents obtained by TMZ Sports show Plax was able to get rid of the house as part of a short sale (where the bank accepts less money than what's owed on the mortgage).

Unclear why Plax decided to sell since the house in incredible ... with a full media screening room, incredible pool, marble everywhere and a 100-foot dock.

Calls to Plaxico were not returned.

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

No Avatar

1.

B4-I-FU-RU-18?    

Boo hoo.

205 days ago
2.

Mali    

Thats a nice ass house

205 days ago
3.

H8Kardash    

Call to Plaxico were not returned?? What do you need to call him for?? Guarantee he doesnt care to talk to you morons!

205 days ago
4.

Lil-za    

They call so that they have "quote"material to write about!

205 days ago
5.

Eye roll     

He was "able" to short sale it... In other words he couldn't afford it

205 days ago
6.

teddybayer123    

Proofread, anyone? He paid how much?

204 days ago
7.

ImSoReal    

Nobody wants to move there anymore. Residents say too many rude snow birds from way up north have permanently relocated to South Florida and ruined it. Heard that a lot when visiting. Who knows..could be false.

204 days ago
8.

Vote2012    

He has to be the biggest dummy in pro sports...I even laugh when I hear his name.

204 days ago
9.

WME2KS    

He sold it because he cant get a job in the nfl and he is broke.

204 days ago
10.

PioneerTraining    

Nice information, There is obviously a lot. Your points are very valuable and knowledgeable. Thanks for sharing this great blog with us.

166 days ago
11.

PioneerTraining    

Working in the real estate field, I think that he made a huge mistake in selling the property now. He ought to have seen that prices are increasing now, and he ought to have held on to it longer.
http://www.pioneertraining.org/
license course real estate

162 days ago
12.

PioneerTraining    

I enjoyed reading it. I need to read more on this topic...I admiring time and effort you put in your blog, because it is obviously one great place where I can find lot of useful info..

131 days ago

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