I watch a bunch of House Hunters, Flip or Flop and the rest of the shows on HGTV. I’m talking Renovation Realities, Kitchen Crashers, etc. I’ve never seen a house on those shows like the one Rick Pitino is trying to sell on the “Billionaire Bunker” that is the private Indian Creek Island, just off the coast of North Miami. I’m talking a $25.9 million estate. I’m talking a 12,000 sq. ft. paradise for a billionaire.
In case you don’t know who Rick Pitino is, he coaches unpaid college basketball players. And he’s selling a $25.9 million house. Business must be good in collegiate sports.
Newly-expanded renovated 12000sf (per builder) estate on private Indian Creek Island, with 24 hr police force 18-hole championship golf course/club. Large 1.25 acre lot. Dubbed the “Billionaire Bunker” by Forbes, this 300 acre island has less than 40 home sites! 8 BR, 10.5 BA, elevator, office, huge gym (could be 9th BR) with steam shower water views. Huge dock w/lifts. New resort-style pool with multiple entertainment areas. Buyer can select kitchen bath plan with finishes! Move in by May!
Other highlights of Rick’s decent island pad:
• Place has a jetted tub, if that is a selling point for you
• 2 parking spaces under the carport
• The island is literally just rich people, a golf course and one road
• 4.3 miles to Whole Foods
• 10.5 miles to Tootsie’s
Mortgage: First, let’s talk about the 20% benchmark. You’ll need $5.18M – in cash – to start. Don’t think you’ll be able to go FHA on this one. After 20% down, you’re talking about a $92,000 mortgage payment.