A-Rod sells Miami Beach mansion for $30M
MAY 24, 2013 2:54p ET
MIAMI BEACH, Fla. (AP) -- New York Yankees slugger Alex Rodriguez has sold his Miami Beach home for $30 million.
A-Rod's business partner, Jose More, confirmed that the sale closed Friday.
Rodriguez bought the 54,000-square-foot piece of waterfront land for $7.4 million in 2010. Using his own construction company, Newport Property Construction, he spent another $7.6 million building a nearly-20,000-square-foot mansion.
The sale -- one of the highest ever in Miami-Dade County -- will earn Rodriguez a $15 million profit.
More says Rodriguez decided to sell because the buyer, who More wouldn't name, made A-Rod an offer he simply could not refuse. More says Rodriguez also loves the design process and is already planning to buy another home in South Florida with a little more privacy.
A-Rod is recovering from surgery on his left hip.
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