Hall of Fame basketball player Mitch Richmond must be jumping through hoops – figuratively speaking – after selling his estate in a gated Calabasas community for $7.88 million. It was on and off the market for about three years until being sold recently by listing agents Marc Shevin and Rory Shevin from our Calabasas real estate office. It had been relisted last year for $8.495 million, and was more recently priced at $8.25 million, according to records.
Ex-L.A. Laker Richmond bought the single-story custom house on two-plus-acres more than 10 years ago for $1.7 million. The 2006 Mediterranean estate at the end of a cul-de-sac boasts a full-size gym, home theater with stadium seating, and a wine cellar with tasting room. A separate entertainment wing, decorated in NBA memorabilia, includes a curved wet bar and game room.
The 12,953-square-foot estate also features a center-island kitchen with plenty of seating, a great room, and formal living and dining rooms with vaulted ceilings. One of five fireplaces is in the master suite, which also contains a glass-enclosed shower and a soaking tub. In all, there are six bedrooms and eight bathrooms.
Of course there’s a basketball court outside, as well as a lavish swimming pool with beach entry, raised spa, swim-in grotto, and waterslide. A fire pit, covered patios, tall palm trees, and formal landscaping are additional highlights of the resort-style setting.
Richmond, 50, played 14 seasons in the NBA. He currently is an assistant to the men’s basketball program at St. John’s University in New York, where former NBA teammate Chris Mullin is the head coach.