Antoine Walker's Miami Home Gets 34% Price Chop

antoine walkerFormer Boston Celtics star Antoine Walker, who used to play $15,000 poker hands with Michael Jordan, is gambling again. This time he is betting that the drastic price drop on his 7,111-square-foot Coconut Grove, Fla., home will do the trick.

On Friday Walker chopped the price of the 5-bedroom, 5½-bath home 34 percent from $3 million to $1.995 million, making it "the biggest price cut of the day," reported The Real Deal. The 2004-built home, which he purchased in 2005 for $3.1 million, had already seen one price cut from $3.4 million.

"The drastic price decrease is part of my strategy to get more buyers interested," listing agent Andre Shambley of the ERA Herman Group told AOL Real Estate. " As a result I'm now getting four to five calls a day on this property."



Shambley didn't say, but just maybe there could be a bidding war on this property with a lap pool and zen garden, several covered outdoor patios, a mother-in-law suite, separate maid's quarters, and two separate gated entrances. (See photos of Antoine Walker's home.)

As AOL Real Estate previously reported Walker filed for personal bankruptcy protection in May, but his mortgage lender, SunTrust Bank, was granted a relief from stay in Walker's Chapter 7 case and is suing to foreclose on his home in Miami's Coconut Grove neighborhood.

Walker, who at one time or another played for the Boston Celtics, the Timberwolves, the Dallas Mavericks, and the Miami Heat, reportedly earned more than $110 million during his 13-year NBA career. He retired from the NBA in 2008, but to help pay the bills, in December he signed with the Idaho Stampede in the D-League -- the NBA Development League.




Sheree R. Curry
, who has owned three homes, but never one in Florida, is a three-time award-winning journalist who has covered real estate for six years. During her 20-year career, her articles have appeared regularly in the
Wall Street Journal, TV Week, and Fortune. She's been writing for AOL Real Estate since 2009 from a Minneapolis-area rental. She seeks a book publisher -- or at least a lender who'll give a reasonable mortgage rate to a self-employed mom.

More on AOL Real Estate:
Find out how to
calculate mortgage payments.
Find
homes for sale in your area.
Find
foreclosures in your area.
Get
property tax help from our experts.

Add a Comment

*0 / 3000 Character Maximum