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Penny Hardaway Dribbles Away From His Florida Home and Takes a Loss

You can’t win ’em all. Former NBA star Penny Hardaway recently sold his home in Pinecrest, FL, for $2.5 million—well under his original ask and way less than the $3.6 million he paid for it in 2009.

Given that the former All-Star has already moved to Memphis, TN, to coach his alma mater, he’s the definition of a “highly motivated seller.”

According to the Sun-Sentinel, Hardaway listed the home for $3.7 million in 2017. The price was later reduced to $3.5 million, and then to $3.2 million. In July, the price dropped to $2.9 million, which finally attracted a buyer to offer $2.5 million. 

Though it wasn’t an ideal outcome for Hardaway, the buyer certainly scored a sweet deal. Let’s have a look…

The home has six beds, 7.5 baths, and a chef’s kitchen with an island and a breakfast area. There’s also a dining room, kids’ playroom, family room, office, living room, and two-story entry.

The Mediterranean-style mansion also features a home theater (adorned with sports memorabilia, including Hardaway’s framed jerseys), gym, playground, basketball court, and six-car garage with motor court.

While this wasn’t one of his crispest passes, we’re guessing Hardaway wasn’t exactly hungry for cash. The former guard earned $120 million playing for the Orlando Magic, Phoenix Suns, and New York Knicks before retiring from the NBA in 2007. Knee injuries derailed his on-court dominance, but he was named an All-Star for four of his first five seasons in the league.

In March, he was named head coach of the Memphis Tigers.

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