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Message
Pat Riley Sells his Miami mansion for $16.75 million
Posted on 4/23/12 at 3:18 pm
Posted on 4/23/12 at 3:18 pm
quote:
Pat Riley, president of the Miami Heat, and his wife, Christine, have sold their waterfront mansion located at 180 Arvida Parkway in the posh subdivision of Coral Gables called Gables Estates for $16.75M. The 5 bedroom/8 bath estate sits on approximately 2 acres with 900 linear feet of watefrontage. The sales price represents a discount of over 25% from its $23M asking price. The Rileys purchased the home for $6.3M in 1996. The couple will likely now reside in their penthouse at Apogee South Beach.
LINK
Pat Riley is such a baller.
16
Posted on 4/23/12 at 3:19 pm to Unbiased Bama Fan
Damn. But how did he get a buyer in this market? Thats more impressive.
Posted on 4/23/12 at 3:19 pm to Unbiased Bama Fan
Wow, that's how its done.
Posted on 4/23/12 at 3:20 pm to Unbiased Bama Fan
damn that's nice
Posted on 4/23/12 at 3:21 pm to tylercsbn9
quote:
The Rileys purchased the home for $6.3M in 1996. The couple will likely now reside in their penthouse at Apogee South Beach.
Posted on 4/23/12 at 3:26 pm to Unbiased Bama Fan
looks like the Astros on TV
Posted on 4/23/12 at 3:30 pm to Unbiased Bama Fan
JIMP
Posted on 4/23/12 at 3:34 pm to Unbiased Bama Fan
IWHI
Posted on 4/23/12 at 3:41 pm to wildtigercat93
Posted on 4/23/12 at 3:48 pm to Unbiased Bama Fan
quote:
The sales price represents a discount of over 25% from its $23M asking price.
Damn, that sucks.
quote:
The Rileys purchased the home for $6.3M in 1996.
Nevermind.
Posted on 4/23/12 at 3:49 pm to Slickback
Wonder how long its been on the market. But anytime you make $10 million from a house, I think you did alright.
Posted on 4/23/12 at 3:57 pm to DrVinnyBoombatz
thats damn sweet crib and location
Posted on 4/23/12 at 4:02 pm to DrVinnyBoombatz
quote:
But how did he get a buyer in this market? Thats more impressive.
Posted on 4/23/12 at 4:10 pm to Unbiased Bama Fan
money can't buy you happiness. 
Posted on 4/23/12 at 4:17 pm to DrVinnyBoombatz
quote:
But how did he get a buyer in this market? Thats more impressive.
This
Posted on 4/23/12 at 4:27 pm to LanierSpots
Just because we are in a "recession" doesn't mean other people aren't making money people.
Posted on 4/23/12 at 4:29 pm to LanierSpots
quote:
This
Posted on 4/23/12 at 4:45 pm to RummelTiger
quote:
RummelTiger
Why do you keeping laughing at these people
Posted on 4/23/12 at 4:49 pm to Unbiased Bama Fan
Guess he was afraid that he would get lost.
Posted on 4/23/12 at 4:51 pm to happyhappyjoyjoy
Probably heading up to Fayetteville to help John L Smith slick back his hair.
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