Breaking News: Derek Jeter’s $14 Million Greenwood Lake Home Sells for $6.3 Million After Six-Year Saga
New York, NY – In a shocking turn of events, retired Yankees player and former Marlins CEO Derek Jeter has finally sold his iconic Greenwood Lake home for a staggering $6.3 million, more than half of its original asking price of $14.75 million. The sale marks the end of a six-year saga that saw the property undergo multiple price cuts and even a failed auction.
The sprawling estate, which Jeter acquired in 2005 during his playing days, features a stunning castle-like design, complete with a stone turret and battlements. The property also boasts a guesthouse, pool house, and a replica of the Statue of Liberty, making it a truly unique and luxurious residence.
However, despite its grandeur, the property struggled to find a buyer, with Jeter initially listing it for $14.75 million in 2018. Over the years, the asking price was repeatedly slashed, with the property being listed for as low as $9.9 million at one point.
In 2020, Jeter even attempted to auction off the property, but it failed to sell, with the highest bid coming in at $7.5 million, short of the $8.5 million reserve price.
The final sale price of $6.3 million is a significant loss for Jeter, who had invested heavily in restoring the property to its former glory. According to reports, Jeter had sunk millions of dollars into renovations and upgrades, including the addition of a new roof, windows, and a state-of-the-art security system.
The sale of the property is just the latest setback for Jeter, who has struggled to find success in his post-playing career. His stint as CEO of the Miami Marlins was widely criticized, with the team posting a mediocre season under his leadership.
Jeter’s struggles to sell his Greenwood Lake home are also a reflection of the challenging luxury real estate market in New York. The market has been slow in recent years, with many high-end properties struggling to find buyers.
Despite the challenges, Jeter’s real estate agent, Diane Mitchell, remained optimistic throughout the process. “We’re thrilled to have finally found a buyer for this incredible property,” Mitchell said in a statement. “It’s a truly unique and special home, and we’re confident that the new owners will love it just as much as Derek did.”
The buyer, who has chosen to remain anonymous, is reportedly a local resident who fell in love with the property’s charm and character. “We’re excited to put our own stamp on the property and make it our own,” the buyer said in a statement.
As for Jeter, he has yet to comment publicly on the sale of his beloved home. However, sources close to the former Yankees star say that he is relieved to have finally found a buyer and is looking forward to moving on to new adventures.
The sale of Jeter’s Greenwood Lake home is a reminder that even the most luxurious and desirable properties can struggle to find buyers in a challenging market. However, with its unique charm and character, this incredible estate is sure to bring joy and happiness to its new owners for years to come.
Related Stories
– “Derek Jeter’s Greenwood Lake Home Fails to Sell at Auction”
– “Jeter’s Marlins Post Mediocre Season Under His Leadership”
– “Luxury Real Estate Market in New York Continues to Struggle”
What’s Next
– The new owners of Jeter’s Greenwood Lake home are expected to move in shortly and begin putting their own stamp on the property.
– Jeter is reportedly considering new business ventures and investments, although details have yet to be announced.
– The luxury real estate market in New York is expected to continue to struggle in the coming months, with many high-end properties remaining unsold.
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