Former Rockets proprietor Leslie Alexander sells La Jolla seashore home for $16 million

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Three years after promoting the Houston Rockets for $2.2 billion, billionaire Leslie Alexander has wrapped up one other sale in La Jolla, shedding his huge seashore home for $16 million.

The deal caps an almost decade-long effort from Alexander, who initially requested $17.75 million for the waterfront dwelling again in 2012 earlier than reducing and elevating the worth a number of instances lately. It’s nonetheless an enormous revenue for the 77-year-old; information present he paid $1.7 million for the property again in 1988.

One in every of 22 properties on the coveted stretch of coast often known as La Jolla Shores Seaside, the modern three-story expands to 50 toes of waterfront and overlooks the ocean from a number of decks and patios.

Partitions of glass line practically each residing house, bringing ocean views into the eating room, chef’s kitchen and sky-lit nice room. One other spotlight comes within the recreation room with its two fireplaces, a wine cooler and moist bar.

The first suite spans a whole ground, boasting a non-public deck, spa lavatory and a chute that runs from the closet to the laundry room. It’s one among 4 bedrooms and 5.5 bogs in 9,320 sq. toes.

Alexander purchased the Rockets for $85 million in 1993, and the staff received back-to-back NBA championships through the subsequent two seasons led by star middle Hakeem Olajuwon. In 2017, he offered the franchise to fellow billionaire Tilman Fertitta for $2.2 billion.

Greg Noonan and Maxine Gellens of Berkshire Hathaway HomeServices California Properties held the itemizing. Jana Greene of Pacific Sotheby’s Worldwide Realty represented the customer.

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