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Friday Diversion: FDIC’s Bair Cancels Listing, Shaq Sells in Miami Beach

icon1 Posted by Michael Stone in Real Estate on 06 26th, 2009 | no responses
Private Collection
Sheila Bair’s home in Amherst, Mass. Click here to see more photos.

Here’s a look at this week’s high-end real estate:

Sheila Bair, the chairman of the Federal Deposit Insurance Corp., takes her 14-room home in Amherst, Mass., off the market after cutting its sale price by $100,000. She had originally listed it for $795,000 in April. Ms. Bair and her husband, Scott P. Cooper, bought the 1860s house in 2002 for $355,000. The home has five bedrooms, new roofing and a counter-current basement pool. Click here to see photos of the property. (WSJ)

After four years, NBA star Shaquille O’Neal finally sells his Miami Beach mansion for $16 million, about 29% less than his asking price of $22.5 million. Mr. O’Neal paid $18.8 million for the nearly 20,000-square-foot house on 2.5 acres in 2004. He first listed the seven-bedroom Mediterranean-style home in 2005. Located on Star Island off Miami Beach’s southern tip, the home has an indoor basketball court. (WSJ)

Actor Charlie Sheen lists his 1927 Mediterranean in the Los Feliz area of Los Angeles for $3.697 million. The gated villa measures 4,179 square feet and has four bedrooms and four-and-a-half bathrooms. (Los Angeles Times)

Jim Kirk, the founder and former CEO of NationsRent, a construction-equipment rental company, lists his 6,375-acre California cattle ranch for $33 million. Located about 23 miles east of Carmel-by-the-Sea, the ranch includes a 5,700-square-foot, four-bedroom stucco main house, a three-bedroom guest house and a caretaker’s residence. Mr. Kirk bought the property in the 1980s. Buyers can also purchase large parcels of 1,000 acres or more starting at $5 million. Click here to see photos of the property. (WSJ)

The former residence of the late Generoso Pope, founder and publisher of the National Enquirer, sells in Palm Beach, Fla., for $22.5 million. The sellers were motivational experts Peter S. Lowe and his wife Tamara A. Lowe. The home has eight bedrooms, two elevators, a 2,000-bottle wine cellar, a 12-car garage, a tennis court with a pavilion and a guest house. It sits on three acres and has 300 feet of ocean and waterway frontage. (Palm Beach Daily News)

Actress Melissa Joan Hart cuts the price of her Los Angeles home by $550,000 to $2.7 million. The home includes a solar-powered salt water pool, a spa, a covered patio and maid’s quarters. Ms. Hart originally listed the home last October for $3.25 million. (Zillow)

The Ennis House, a Frank Lloyd Wright creation used in movies like “Blade Runner” and TV Shows like “Buffy the Vampire Slayer,” hits the market in the Los Feliz section of Los Angeles with an asking price of $15 million. The seller is the nonprofit Ennis House Foundation, which has been restoring the home since 2005. The home was built in 1924 for Charles and Mabel Ennis, who owned a  men’s clothing store. (Los Angeles Times)


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