The 6-bed, 7.5 bath 9,782-square-foot home was built by the Pippens in 2004 after lots of searching around South Florida for the right home. They ended up buying more than just this home in the Harbour Beach area. Listing agent Barbara Panton of Panton Realty told AOL Real Estate, "They were purchased as investment pieces."
Pippen -- pictured left with Justin Bieber at last week's celebrity All Star basketball game in Los Angeles -- appears to be living large in Fort Lauderdale. Agent Panton worked directly with Larsa Pippen, formulating the plans for the buildout, making sure the home was built of the best quality possible. It resulted in the perfect home for them to raise their four children. Although no interior photos of the property have been released it features a basketball court, fireplace, French doors, an elevator, swimming pool with slide, built-in grill, open balcony, state-of-the-art kitchen appliances. The double lot also features 215 feet of waterfront with space for a 120-foot boat and a quick five-minute ride to the ocean.
So why sell their home at this exclusive address with a private beach and only 300 homes?
"The reason for the sale is not so much because they had to sell or are going to definitely sell See photos of homes for sale in your area and across the country on AOL Real Estate because they both love Florida and Fort Lauderdale, it's more a question of them deciding whether they will live here or in Chicago," Panton says. Pippen works for the Chicago Bulls and Larsa's family is also in Chicago. Besides, Larsa is probably either done or almost done wrapping filming the Real Housewives of Miami reality TV show
As far as assessing the value of their home, Panton says it's on par with other properties in the area: "It would be very good for the area and very helpful."
The house has been on the market for less than a year and Panton says she only shows it to a select few who qualify for it. "Right now, they're basically deciding whether it's better overall for what they like to do, and they like it in Chicago too so they can fluctuate from where they want to be."
Sounds like the Pippens aren't in a rush to unload their Florida home, especially since their kids attend school in the area.
For more on mortgages and related topics see these AOL Real Estate guides: