Shaquille O’Neal Sells Massive Florida Mansion at a Staggering Loss of Millions

In spite of being retired, Shaquille O’Neal continues to be a renowned figure. The ex-Lakers star is a millionaire and a hilarious personality. Through his social media, he manages to keep his fans engaged. The 49-year-old owns various properties worth loads of money. Recently, he has secured a sale for one of these properties. Although he did manage to sell for a great price, it was a massive loss from the original rate he had set.

When Shaq goes for it, he eventually scores. This was the case with the Florida mansion that he sold recently as well. In his playing days, O’Neal was one of the premier centers in the NBA. He was the Lakers’ top prospect at one stage and was earning the big bucks.

During his career spanning two decades, he averaged close to 24 points. Along with this, he was also a 4-time NBA champion, 3-time Finals MVP, and a 15-time All-star. After hanging up his boots, he has been an active businessman and entrepreneur.

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Shaquille O’Neal loses millions in sale of Florida mansion

For over three years now, the veteran has been in possession of a quality property in Florida. The Windermere, a mega-mansion, was put up on sale long ago but received no buyers. That was until last week, when a buyer finally purchased it for an estimated $11 million. At first, it was reported at a quoted price of $28 million. But after a wide range of interests ultimately flew in, the sale was completed.

The mansion is a gigantic 31,000 square foot Mediterranean-style property. It expands up to nearly 4 acres and is located near the Isleworth Golf and Country Club. Along with the size, there is a full-sized basketball court, a showroom, and a recording studio.

The sale will come as a relief for Shaq, although he underwent a 60% loss in the deal since its inception. He has owned the property for nearly 20 years and put it up for sale in 2018.

The deal marks yet another box ticked for the great Shaquille O’Neal. The man continues to do wonders off the court. With this sale, he just grew $11 million richer. What’s next for the powerhouse?

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