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Pat Riley Sells His Coral Gables Mansion For $16.75 Million (Photos)

Pat Riley Sells His Coral Gables Mansion For $16.75 Million (Photos)

The Gordon Gekko of roundball is apparently downsizing. Slicked-back Miami Heat president and former coach Pat Riley and his wife Christine just sold their appropriately gaudy Coral Gables property.

They bought the 180 Arvida Parkway mansion, which is 13,000 square feet on a two-acre beachfront peninsula, in 1996 for $6.3 million. According to Miami Condo Investments, they turned a tidy profit by selling the property for $16.75 million. (A Miami-Dade property assessor, if you're curious, had valued the spread at $12.6 million.)

As far as Riley's future with the team, we wouldn't read too much into the sale. He and his wife still own an $11 million, four-bedroom, 5,325-square foot apartment in the Apogee building on South Pointe in Miami Beach.

Damn, it must feel good to be a basketball gangsta.

Here's a photo tour of the Coral Gables spread:

Pat Riley Sells His Coral Gables Mansion For $16.75 Million (Photos)

The peninsula of the man who engineered the Heat's Big Three.

Pat Riley Sells His Coral Gables Mansion For $16.75 Million (Photos)

A private beach, on which we have trouble imagining Pat Riley relaxing.

Pat Riley Sells His Coral Gables Mansion For $16.75 Million (Photos)

The S.S. Armani.

 

Pat Riley Sells His Coral Gables Mansion For $16.75 Million (Photos)

The pool area, with a hot tub that looks big enough to fit one of Riley's employees.

Pat Riley Sells His Coral Gables Mansion For $16.75 Million (Photos)

This room is way to Southwestern pastel-y to be Mr. Riley's idea.

Pat Riley Sells His Coral Gables Mansion For $16.75 Million (Photos)

This is a little more like it. That is some bad art.

 

Pat Riley Sells His Coral Gables Mansion For $16.75 Million (Photos)

Is that a statue of a bear? Is that Riley's spirit animal?

Pat Riley Sells His Coral Gables Mansion For $16.75 Million (Photos)

Where Riley must have cackled maniacally as Sportscenter breathlessly reported on the signings of LeBron James and Chris Bosh to join Dwyane Wade.

Pat Riley Sells His Coral Gables Mansion For $16.75 Million (Photos)

Goodbye, Pat Riley's evil lair.

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