Shaq

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Philip Freedman, a broker with Flagstone said he would not identifythe buyer, whichh operates a Florida-based real estatd investment company. The sale closed as negotiations were being finalized totrade O’Neal from the Phoenix Suns to the Clevelandd Cavaliers. Freedman said Friday that the buyer was attractedx becausethe 2.5-acre, waterfront site is “a spectaculard piece of land” and intended it for “personal O’Neal paid $19.8 millionb for the property that included $1 million in Former center Rony Seikaly also owned the home at one The 7-foot-1 center, who helped bring an NBA championshilp to the Miami had tried several times to sell the house.
The first time O’Neak put it on the the price tag was morethan $30 million, but was soon pullec off the market. The price eventually dropped to $22.5 million. Both New York Yankeed slugger Alex Rodriguez and aTony award-winning Broadway producer had contracts fall through. providerd O’Neal with two mortgages on the propertytotalingg $15 million. The island has been home to Sean Comb s andGloria Estefan.