Alex Rodriguez buys Miami Condo

With a 211-game suspension and the possibility, it appears, of his major league career coming to a premature end,  Alex Rodriguez has embraced a more frugal lifestyle.

The embattled New York Yankees slugger recently purchased a new high-rise condo in South Beach. However, it is not quite what we have come to expect of baseball’s richest player.  A-Rod shelled out only $2.1 million for the three-bedroom residence, which is a hefty sum, but a far cry from the $30 million he banked when he sold his custom waterfront home in Miami in May.

A-Rod’s new home is within the confines of Mei Condominiums, a luxury high-rise on the outskirts of Biscayne Bay. The turn-key apartment offers a total of three bedrooms, three bathrooms and 1,725 square feet styled by a renowned Mexican designer. It features a high-tech package that includes electronic shades, recessed lights and top-tier appliances. Other highlights include a wealth of smart home features and an ocean-facing patio. Building amenities afforded to guests include access to a fitness center, spa and infinity pool, 24-hour security and valet parking.

Rodriguez made real estate news earlier this year when he parted ways with the aforementioned ultra-modern waterfront mansion. The lavish home, which featured 275 feet of private frontage and a 3,000-square-foot sports facility, was originally offered as a rental before coming to market with a price tag of $38 million. Rodriguez netted a profit of $15 million after selling the luxe property for $30 million.

By: Neal J. Leitereg