A Humble Weekend Home

It looks like A-Rod may be tipping his hand with the Yankees.  I honestly would be surprised if he stayed in New York, but according to a recent New York Post article he has been inquiring about an estate in Greenwich worth in excess of $25 million.  Would he really need a home in the suburbs of New York if he is moving out West?  This could be an investment decision as well, but I remain skeptical of this possibility. 

Here is an excerpt:

The Lake Carrington Estate is a sprawling 9-acre lakefront property dominated by a Georgian-style stone mansion spanning 35,000 square feet.

Inside are seven bedrooms, 17 bathrooms, nine fire places, a 45-foot-long indoor lap pool, a basketball court, a 20,000-bottle wine cellar and a 20-seat home theater. Outside are three other buildings, including a fishing and ice-skating hut. 

And it would cost Rodriguez, who now lives on Park Avenue, an extra $5 million to finish the mansion’s interior, which for now is just framed out.

Rodriguez’s interest in the property comes as the Yankees have indicated they want to negotiate a new contract to avoid letting A-Rod become a free agent in November, when he can exercise an opt-out clause on the remaining three years of his existing contract.
A new contract could keep the all-star third baseman in pinstripes for the remainder of his career – and pay him more than $30 million annually.

Although the Bombers brass is anxious to cut that deal soon, Rodriguez has said he will not negotiate before the end of the current baseball season.

But in addition to the Greenwich mansion, Rodriguez, 31, also has checked out a Manhattan townhouse for possible purchase, indicating he expects such a deal with the Yankees to happen. It also suggests that he plans on staying together with his wife, Cynthia, despite revelations in late May that he was traveling across the continent with a busty, blond stripper named Joslyn Noel Morse.

This is what the estate, Lake Carrington, looks like:

res_lakecarrington_dev2.jpg

Antares is the fastest growing real estate development company in the US, recently having completed a $233 million dollar deal in Greenwich, the largest in its history.  I went to school with the owner’s son (like his dad, also a talented lacrosse player), but this was as the firm was relatively new, and before they gained recognition for their development of The Delamar on the waterfront.  Here is an article on how they were able to grow the company.

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