Is Derek Jeter's Tampa Mansion a Tax Shelter?

derek jeter
derek jeter

Derek Jeter has just completed building the biggest home in Tampa, Fla.'s Hillsborough County, reported Tampa Bay Online. At a whopping 30,875 square feet, 7 bedrooms and 9 bathrooms, the home (pictured below) not only dwarfs the New York Yankees star's other homes in Manhattan and North Tampa, as well as those of his new neighbors on Bahama Circle in Davis Islands, but it also provides a continued reason for him not to pay New York City income taxes.

The mansion spans three waterfront lots that this 2000 Most Valuable Player purchased in 2005 and 2006 for about $7.7 million, before spending another hefty amount razing the existing homes and countless more millions paying the construction company, the architect, the landscaper and everyone in between that it takes to complete such a massive home. And court records show this love interest of Friday Night Lights actress Minka Kelly and former beau of Mariah Carey didn't obtain a mortgage to build the home.

As a result, it's difficult to put a true value on the property (let alone his net worth), especially given the economy.