Alex Rodriguez Buys New Condo in Miami Beach for $2.1 Million

AUTHOR:ERIKA RIGGS

Banned for 211 games and in danger of losing his baseball career for good, embattled Alex Rodriguez has bought a high-rise condo as his new hideout, according to Gossip Extra.

Surprisingly, A-Rod dropped only $2.1 million on his new place. Sure, that’s a lot for most homeowners and even for Miami Beach — the median home value is currently $310,400 — but Rodriguez just sold his custom Miami estate for $30 million in May 2013. His New York Yankees salary for the 2013 season was $28 million.

Perhaps Rodriguez was anticipating not making as much (or perhaps nothing at all) in 2014, so he decided a major downsize was in order, choosing the 3-bedroom condo for his new residence. He purchased the home in late June under a vaguely named trust held by his real estate company Newport Property Ventures, which owns about 15 apartment complexes.

Just because Rodriguez’s new condo is nowhere near the price of his former beachfront home doesn’t mean it isn’t luxe. The condominium complex sits on Millionaire’s Row in Miami Beach and comes with a host of high-end amenities such as an enormous fitness center, spa, infinity pool, 24-hour concierge and valet parking. The units themselves have modern kitchens with high-end appliances, and the bathrooms feature limestone, marble and river rock. Rodriguez’s new home came fully furnished.