Sunday Sports Page: Daunte Culpepper Loses Mansion to Foreclosure This week Daunte Culpepper became the latest cautionary tale of athlete financial woe after losing his Florida mansion to foreclosure. However, the former NFL quarterback’s mansion troubles were not the only big sports real estate story of the week. Read on for the latest in athlete homes in this week’s Sunday Sports Page. Sunday Sports Page: Daunte Culpepper Loses Mansion to Foreclosure photo Agent Zero’s Sharknado A few days after the SyFy Network unleashed its half-shark/half-tornado movie monstrosity on the world, former NBA All-Star Gilbert Arenas decided to release a Sharknado of his own. Back on the market this week is Agent Zero’s shark tank mansion, a 9,000-square-foot estate the player had built during his playing days with he Washington Wizards. Arenas commissioned the building of his All-Star manse after inking a massive $111 million contract with the Wiz. It includes, among other things, a world-class grotto, high-end entertainment equipment and — you guessed it — multiple shark tanks. The charismatic baller asks $3.5 million for the shark shack. Sunday Sports Page: Daunte Culpepper Loses Mansion to Foreclosure photo The Jet Taking Off From Encino Moving from one former basketball star to another, Kenny “The Jet” Smith is preparing for takeoff from his Encino home after listing the property for $2.795 million. Smith, a two-time NBA champion and “Inside the NBA” analyst, purchased the property in 2011 for $1.85 million. The very suburban offering has a total of six bedrooms, eight baths, its own movie theater and an “explosive sound system.” Sunday Sports Page: Daunte Culpepper Loses Mansion to Foreclosure photo Alex Smith Bids the Bay Adieu Former No. 1 overall pick Alex Smith is now the No. 1 man in Kansas City. The quarterback was traded by the 49ers to the Chiefs this offseason, and now he’s looking to part ways with his home in Los Gatos, CA. Located roughly 30 minutes away from San Francisco’s new venue, Levi’s Stadium, the property offers a comfortable 5,650 square feet of living space, including 1,200 square feet in the master suite alone. Other perks of the $3.5 million property include a theater wet bar, a wood-paneled kitchen and a pool. Sunday Sports Page: Daunte Culpepper Loses Mansion to Foreclosure photo Roll Tide Real Estate Bill Battle came out of semiretirement to take over as the Athletic Director at Alabama, but the former Crimson Tide player and assistant under Bear Bryant has one last loose end to clear up: his Atlanta mansion. According to our friends at Busted Coverage, Alabama’s new AD has listed his suburban Atlanta home for $2.5 million. The 7,500-square-foot home offers a host of high-end perks, such as five fireplaces, an elevator and views of Georgia National Parkland. No word on whether his fancy coat of arms is included in the sale. Earlier this year, one of Battle’s employees, football head coach Nick Saban, made real estate news when the Lake Burton lake house that he owned and designed was put up for auction. Daunte Culpepper’s Repossession In 2003 the Minnesota Vikings signed Daunte Culpepper to a contract extension worth $102 million over 10 years, including a $16 million signing bonus. Ten years removed from signing his record deal, the former All-Pro quarterback has lost his Fort Lauderdale mansion to foreclosure. According to a report by the South Florida Business Journal, SunTrust Bank filed suit against Culpepper over his 9,867-square-foot home in February. Culpepper, who last played in the NFL in 2009, eventually handed over the deed to the property in April in exchange for a debt release of $3 million. Culpepper is just the latest example of a high-profile athlete losing his property to foreclosure. In late 2012 former NFL star Warren Sapp had his mansion sold off by a bankruptcy court. This year, the NBA’s 2001 Most Valuable Player, Allen Iverson, lost his Atlanta mansion to a foreclosure auction.
Posted on: Wed, 20 Aug 2014 09:31:23 +0000
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