Antoine Walker Faces Foreclosure in Miami

Antoine Walker faces foreclosure in Miami
Antoine Walker faces foreclosure in Miami

Former NBA star Antoine Walker is still trying to unload his biggest asset -- his 2004-built Miami home that is threatened with foreclosure. The price has dropped to $3 million, down from $3.4 million when it went up for sale this summer.

Walker filed for personal bankruptcy protection in May, but his mortgage lender, SunTrust Bank, was granted a relief from stay in Walker's Chapter 7 case and is suing to foreclose on his home in Miami's Coconut Grove neighborhood.

The five-bedroom, 5.5-bath home (pictured below) has 7,111 square feet, a lap pool and zen garden, several covered outdoor patios, a mother-in-law suite, separate maid's quarters, and two separate gated entrances. Walker -- who played for the Boston Celtics and the Dallas Mavericks, and finally for the Miami Heat -- purchased the home on Wood Ave. for $3.1 million in 2005. The listing can be seen on the website of real estate agent Andre Shambley of the ERA Herman Group.

The kind of real estate woes that Walker has are not all that uncommon among professional athletes, as HousingWatch examined in "Sports Stars: From Homebuyers to Renters?" (which highlights the real estate troubles of Kevin Martin, Derrick Coleman and Walker, as well as looks at current listings of Adrian Beltre, Ted Lilly, and others).