November 25, 2006

Not The Best “Investment” For Agassi In Tiburon

The Agassi Estate (Image Source: andreagassitiburonestate.com)

Almost six years ago, Andre Agassi made headlines with the purchase of a $23,000,000 estate in Tiburon. Two years later, the estate was back on the market for $24,500,000. And recently, the price was reduced to $21,000,000.

Today, the property is in contract for $20,000,000. Not the best investment for Agassi, and in terms of “comps,” perhaps not the best outcome for the neighbors...

Andre Agassi Buys Mansion in Tiburon [SFGate]
∙ Listing: The Round Hill (Andre Agassi) Estate [andreagassitiburonestate.com]

First Published: November 25, 2006 10:10 AM

Comments from "Plugged In" Readers

Caught a TV news program last night that cited your blog re the Agassi mansion. Don't recall the channel.

[Editor’s Note: That would have been Maureen Kelly’s piece on KRON4. We’ve been trying to add a link directly to the story, but have so far been thwarted by the flash player and popup blockers. And to be clear, the KRON4 piece inspired our post and not the other way around.]

Posted by: mad_tiger at November 25, 2006 3:25 PM

Oh good, so Olivia WILL have Christmas afterall.

Posted by: Anonymous at November 26, 2006 7:07 AM

1. They misspelled Tiburon on the KRON4 site.

2. What, they couldn't get Adam on camera?

3. They didn't even mention Olivia Decker by name!

Posted by: Anonymous at November 26, 2006 7:14 AM

I heard he first saw the house when he was still married to Brooke Shields, but she got the "Suddenly Susan" gig and had to live in LA. At that time it was listed for several million less than the price he eventually paid.

Posted by: Elizabeth at November 26, 2006 1:42 PM

The sale was just mentioned on Channel Two news in LA, too -- no reference to Socket.

Posted by: Anonymous at November 26, 2006 6:52 PM

The couple who bought this are in the process of tearing it down and putting up what they really want. $20 million teardown. Ya gotta love hedge fund managers - too much extra cash!!

Posted by: Hedge Fund Moola at September 4, 2008 10:16 AM

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