Amar’e Stoudemire Sells W South Beach Penthouse for $5.2M

August 12, 2011

by: Lucas Lechuga

Amar'e Stoudemire New York Knicks

NBA superstar Amar’e Stoudemire has officially sold his W South Beach penthouse.  The transaction closed earlier today and reportedly sold for $5.2M.  The sales price represents a 20 percent discount off the $6.5M asking price established this past April.  Stoudemire purchased the property directly from the W South Beach developer in July 2009 for $5,575,000.  The 2 bedroom/2.5 bath duplex penthouse has 2,428 square feet of interior and an amazing 2,816 square feet of exterior space, including a private rooftop plunge pool and summer kitchen.

W South Beach penthouse 2201

Click for more pictures of Stoudemire’s former W South Beach penthouse

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8 responses to “Amar’e Stoudemire Sells W South Beach Penthouse for $5.2M”

  1. Gixxer1000 says:
    August 12, 2011 at 10:24 pm

    Article on a lot of stuff happening downtown:

    http://www.biscaynetimes.com/index.php?option=com_content&view=article&id=941:all-bets-are-on&catid=50:community-news&Itemid=223

  2. DJ says:
    August 13, 2011 at 8:35 am

    Alright guys I admit it was me. I needed a weekend pad to watch games and whatnot. Figured this place should do.

  3. imo says:
    August 13, 2011 at 7:52 pm

    gixxer, i don’t like that one bayfront plaza will completely block the iconic Bank of america building and its colorful illumination as seen from miami beach.

  4. Joe says:
    August 14, 2011 at 11:36 am

    Lucas is now tailoring this blog to the 0.0001% of the people in the world who have $5 million sitting around for purposes of r.e. “investment.”

  5. jcrimes76 says:
    August 15, 2011 at 5:11 pm

    what happened to this site? the posts are definitely weak (sorry Lucas).

  6. Wuls says:
    August 16, 2011 at 8:43 am

    But what a bad investment. Down nearly 10% in two years when Miami Beach is meant to have stabilised (certainly inventories are been bought by ‘investors’). Add to that 2 years worth of taxes and running costs and it’s probably cost nearly 20%.

    Not exactly a good investment. Even if the condo looks very nice.

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