The 67-year-old initially listed the Memphis, TN, home for $1.69 million in May. Just two years ago, he’d purchased the place for $1.48 million from NBA star Rudy Gay, who began his pro career with the Memphis Grizzlies.
The home built on 1.6 acres in 1995 was “extensively remodeled” by Gay, according to the Los Angeles Times. It has four bedrooms, five baths, and two half-baths. The layout features a living room with a dramatic vaulted ceiling and cathedral windows.
It also includes a black-and-white seating area with a double-mirrored fireplace, a media room with bar and billiard table, a formal dining room, a breakfast nook, and a chef’s kitchen. The master bedroom includes a custom closet and luxe bath.
Smith, who served as a college basketball coach for decades, most recently accepted a position with his alma mater, High Point University in North Carolina. Previously, he was coach at the University of Memphis for two seasons, before being fired in March. He’s been a head coach for Texas Tech, University of Minnesota, University of Kentucky, and University of Georgia. While at Kentucky, he led the Wildcats to the NCAA championship in 1998.
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