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You can’t win ’em all. Former NBA star Penny Hardaway recently sold his home in Pinecrest, FL, for $2.5 million—well under his original ask and way less than the $3.6 million he paid for it in 2009.

Given that the former All-Star has already moved to Memphis, TN, to coach his alma mater, he’s the definition of a “highly motivated seller.”

According to the Sun-Sentinel, Hardaway listed the home for $3.7 million in 2017. The price was later reduced to $3.5 million, and then to $3.2 million. In July, the price dropped to $2.9 million, which finally attracted a buyer to offer $2.5 million. 

Though it wasn’t an ideal outcome for Hardaway, the buyer certainly scored a sweet deal. Let’s have a look…

Penny Hardaway’s former home in Pinecrest, FL

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Living room

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Chef’s kitchen

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Home theater

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Basketball court

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The home has six beds, 7.5 baths, and a chef’s kitchen with an island and a breakfast area. There’s also a dining room, kids’ playroom, family room, office, living room, and two-story entry.

The Mediterranean-style mansion also features a home theater (adorned with sports memorabilia, including Hardaway’s framed jerseys), gym, playground, basketball court, and six-car garage with motor court.

While this wasn’t one of his crispest passes, we’re guessing Hardaway wasn’t exactly hungry for cash. The former guard earned $120 million playing for the Orlando Magic, Phoenix Suns, and New York Knicks before retiring from the NBA in 2007. Knee injuries derailed his on-court dominance, but he was named an All-Star for four of his first five seasons in the league.

In March, he was named head coach of the Memphis Tigers.

The post Penny Hardaway Dribbles Away From His Florida Home and Takes a Loss appeared first on Real Estate News & Insights | realtor.com®.

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