Shaq Sold House for $5,000 Profit, Not $10, Partner Says
By Emily Heffter
Former NBA great Shaquille O'Neal himself found this report from TMZ to be a head-scratcher: He sold a house for $10? In reality -- and in Orange County, Florida property records -- the retired NBA center sold the home at 5162 Rishley Run Way in Mount Dora, Florida, for $240,000. That's $5,000 more than he paid in 2012, when he bought the home for a family member, said his friend and business partner, Curtis Cooper, an area real estate agent.
"I was with him earlier today, and he was like, 'what is this?' " Cooper said. Cooper and O'Neal work together a lot on various residential and commercial real estate deals. Real estate was an interest of O'Neal's before he retired from the NBA after a 19-year career and he certainly doesn't need a suburban Orlando 4,000-square-foot house. He has a giant mansion in the nearby Isleworth community.
Still, the $10-home story has been a slam-dunk on the Internet and it's appearing all over the place.
Shaq did pay $10 for something in the deal, and perhaps that's where the confusion set in. According to the county appraisal's office, Shaq, like anyone, has to pay a $10 recording fee.