News

Know about market updates

Former NFL player sells South Beach pad for $4.9M

Former NFL player sells South Beach pad for $4.9M
Unit boasts 270-degree views of Biscayne Bay
April 11, 2016 06:15PMBy Sean Stewart-Muniz

Murano at Portofino (Inset: Chad Scott)

Talk about a touchdown of a sale.
Chad Scott, a former cornerback for the Pittsburgh Steelers, just sold his flashy pad in South Beach’s Murano at Portofino complex for $4.9 million — more than double what he paid for it 14 years ago.
County records show Scott bought his three-bedroom, three-bathroom home in the South Beach complex for $2.095 million, or about $622 per square foot, in 2003.
Measuring 3,365 square feet, the unit features modern finishes, 270-degree views of downtown Miami and the bay, plus floor-to-ceiling balcony windows.
Scott transferred ownership of the unit to a trust in 2009, and was hit by a foreclosure suit from Bank of America in May 2015 over his $857,500 mortgage. A judge granted a dismissal of that suit in March, according to county records.
Scott, who ended his career as a free agent for the New England Patriots in 2007 after suffering a knee injury, has now sold his unit for $1,456 per square foot.
Dina Goldentayer and Sladja Stantic, the ONE Sotheby’s agents who recently sold out the four-unit 350 Meridian project in South Beach, handled the sale of Scott’s condo. The sale has not yet cleared public records, so the buyer is unknown.


Source: The Real Deal

Leave a Reply

Your email address will not be published. Required fields are marked *