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Tuesday, February 22 2011 - By Brittney Lee
Former Miami Dolphins great finally sells his home - six years after hitting the market.
One Hall of Fame quarterback has scrambled in the real estate pocket long enough.
According to the Sun Sentinel, after putting his Weston, Florida, home on the market in 2005, former Miami Dolphins great Dan Marino has finally sold his ranch.
The paper reports Florio and Glenda Abate will be moving into Marino's old abode after paying $7.2 million for it last month, half of what Marino was originally asking for six years ago.
According to the paper, Marino's old digs sits on 4.3 acres of land, the home taking up just under 19,500 square feet. In addition to being fully furnished and having 10 bedrooms and 12 bathrooms, Windmill Ranch Estates has its own guest house and staff quarters.
Even though Marino sold his ranch for half of it's original cost, at least it sold. According to the Mortgage Bankers Association, there aren't many people buying homes in Florida these days, as 25 percent of the nation's foreclosed properties are in the Sunshine State. Fourteen percent of all Florida mortgages are delinquent.
Other states with high delinquency rates include Mississippi, Nevada and Georgia at 13.3 percent, 12 percent and 11.9 percent, respectively.
According to the Sun Sentinel, after putting his Weston, Florida, home on the market in 2005, former Miami Dolphins great Dan Marino has finally sold his ranch.
The paper reports Florio and Glenda Abate will be moving into Marino's old abode after paying $7.2 million for it last month, half of what Marino was originally asking for six years ago.
According to the paper, Marino's old digs sits on 4.3 acres of land, the home taking up just under 19,500 square feet. In addition to being fully furnished and having 10 bedrooms and 12 bathrooms, Windmill Ranch Estates has its own guest house and staff quarters.
Even though Marino sold his ranch for half of it's original cost, at least it sold. According to the Mortgage Bankers Association, there aren't many people buying homes in Florida these days, as 25 percent of the nation's foreclosed properties are in the Sunshine State. Fourteen percent of all Florida mortgages are delinquent.
Other states with high delinquency rates include Mississippi, Nevada and Georgia at 13.3 percent, 12 percent and 11.9 percent, respectively.
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