Major League Baseball

A-Rod sells Miami Beach home for $30M

Published May. 24, 2013 7:47 p.m. ET

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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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