Connect with us

Gossip Extra

BUZZER BEATER — Glen Rice Sells Miami Condo, Dodges Foreclosure

News

BUZZER BEATER — Glen Rice Sells Miami Condo, Dodges Foreclosure

Glen Rice Neo Vertika

Beloved Miami Heat legend Rice, 50, just unloaded his Miami pad (Splash News photo)

MIAMI — This may be Glen Rice’s greatest buzzer beater ever!

Beloved Miami Heat legend Rice, 50, managed to unload a downtown condo he owned with ex-wife Cristy, a former star of Real Housewives of Miami, just weeks before it was to be sold in a foreclosure auction.

Notch one for the old baller and former Sarah Palin one-night-stand.

With his financial situation looking as grim as a Shaquille O’Neal free throw, Rice was desperate to sell a two-bedroom crib on the 27th floor of the Neo Vertika building at 690 SW First Ct.

Property records show he finally did last month for $310,000.

Rice listed the place for sale nearly two years for $460,000, records show. But the retired forward had to lower the price practically on a monthly basis, according to MLS listings.

On top of that, both M&T Bank and Vertika’s condo commandoes were hounding Rice in separate legal actions to seize the place.

The bank claimed he stopped making payments on the $250,000-mortgage while the condo owners association accused him of being more than two years behind in his $675.50 or so monthly fees.

Glen Rice Neo Vertika

It’s got a nice lobby! (Apartments.com photo)

Rice is not expected to see any money from the sale: He bought the condo in 2006 for $317,000!

Rice retired in 2004 after 15 seasons in the NBA and salaries believed to total $35 million.

He was voted to the All Star Game three times and played forward for the Heat from 1989 until 1995.

According to various court records, Rice is so broke after losing his fortune in bad investments, a contentious divorce from Cristy and several paternity lawsuits that a Miami court recently agreed to reduce his child support to a former galpal to $600, from $1,500 a month.

The paperwork in that case described how Rice makes a few thousand dollars a year from appearances, memorabilia-signing events, basketball camps and tutoring well-to-do kids in basketball.

Rice didn’t respond to a message left on his cell phone.

Trending Stories

Got Gossip? Call us!

Got news for Jose? 561-801-0893!

Archives

To Top