Former New York Yankees superstar Derek Jeter recently sold his Tampa Bay waterfront mansion for a whopping $22.5 million – the most expensive residential real estate deal in the city’s history.
Jeter and his wife, Hannah, listed their massive home in September 2020, which he most recently rented to another famous couple. Tampa Bay Buccaneers quarterback Tom Brady and his supermodel wife Gisele Bündchen. Although a buyer’s name has not been released as of yet, it has been confirmed that Brady and his wife are not the new owners.
According to a TMZ report, Jeter listed the Tampa home for $29 million. Real estate company Smith & Associates dealt with the property sale, and shared that there was major interest in the house. With such famous clients, and well-known renters who lived there as the home went up for sale, the company vetted all interested buyers.
Smith & Associates administered extensive background checks on each interested individual before they were able to look at the property. With a 5-time World Series champion as the owner, and a 7-time Super Bowl champion and his family renting the place, you wouldn’t want any crazed fans visiting the home. So probably a wise decision on the part of the real estate company.
Derek Jeter Turned A Huge Profit On The Massive Mansion
Derek Jeter originally bought the 22,000 square-foot estate in 2005 for around $2.3 million. However, after he purchased the home, he proceeded to add some major renovations to property. We can assume the renovations weren’t cheap. But considering the Jeters sold the home for $20 million more than what the MLB legend paid, they likely came away with a huge profit on the property.
The enormous waterfront mansion has all the amenities one could hope for. It should for its $22.5 million price tag. It has seven bedrooms, eight full bathrooms and an additional eight half bathrooms. Furthermore, it has an 80-foot saltwater lap pool, a gym, wine cellar, and an in-home movie theater. If that’s not enough, it also has a 6-car garage and its own private dock with lifts for two boats.
Jeter and his family supposedly moved to a nearby location in the area while they build a new home. Their newest property is currently being built in the exclusive Indian Creek Island community in Miami. Derek Jeter is the Chief Executive Officer of the Miami Marlins, and is a minority owner of the club as well.
Since 2017, he’s overseen the day-to-day operations of the franchise. Jeter already lived in Miami for part of each year. So it makes sense that he’s building a new home and planting roots in Miami where he works with and owns an MLB team.