But in the upper echelons, money appears to be no object. Bulls Hall of Famer Scottie Pippen, who bought a Ft. Lauderdale, Fla. mansion in 2000 for a little over $1 million, has put the 10,000-square foot home on the market for $16 million.â†µâ†µ
In the understatement of the year, Barbara Panton, Pippen's real estate agent, said it might be a tough sell:â†µâ†µ
"There are not that many ready buyers," she said.â†µâ†µ
Well, duh. The article says the average time on the market for a home of that size and expense is three to four years; Hall of Fame quarterback Dan Marino, who had a home in that general area, had it on the market for five years -- and then took "only" $7.2 million for it, half the asking price. (Yeah, I know -- you're feeling real sorry for him.) There's another issue with Scottie's house:â†µâ†µ
One Broward County real estate broker says Pippen and wife Larsa, star of The Real Housewives of Miami, have an especially tough sell because the house was built on a double lot and looks across a canal. Itâ€™s a magnificent home, but it should have been built closer to the Intracoastal Waterway, the broker said.â†µâ†µ
Good luck with the sale, Scottie. Maybe that's why he took a position on the Bulls' broadcast team for the playoffs. Think he might need the money?