You know what they say about guys
with big hands…they’re horrible with
money.
It’s a good thing that basketball worked out for Scottie Pippen because he never would have made it in real-estate. Last month Pippen sold his estate in the Portland area for $2.95 million. Sounds pretty good, right? What if we told you that he paid $4 million for it? Yeah, that’s not a pretty sight.
The house is on a 2.28-acre plot of land that was purchased back in 2000 when Pip was playing for the Blazers but he moved out in 2003 when he made one of the dumbest decisions of his life and returned to a pathetic baby Bulls franchise. But when you’re as rich as Pippen, you don’t sell right away; no, you let the mansion just sit there for a good two years before putting it on the market. Scottie listed it at $3.9 million in 2005 and, obviously, they just sold it last month at a million dollar loss, so it’s pretty safe to say that Pippen didn’t exactly Flip That House. (Oh, geez, how embarrassing; did we just really reference a girly TLC show? Sorry, spent the weekend at Mom’s house.)
You’re trying to find a buyer that wants that location in a house that big,” said Veronica Story, the agent who sold the house. “Those buyers are few and far between.”
The 1996 house has a gated entrance, circular driveway and fountain. A detached building houses an indoor sports court, weight room, aerobics room, fully wired media room with a kitchen, a locker room with a steam shower and sauna.
Hopefully LeBron James doesn’t fall into the same money pit should he ever decide to split from Cleveland.
Links:
[SI.com]: Pippen takes $1M loss on Portland mansion