East Lake Estate on market for $20M
Ex-NBA star Matt Geiger has put his home on the market. This luxury estate located in East Lake in Pinellas County can be yours for a mere $19.9M. So, what does one get for such a price tag? The 28,000 square foot home houses several lavish bars, a DJ station and dance floor, hot tubs, a pizza oven and even a cigar room. Oh, and let’s not forget the 330,000-gallon pool, putting green, man-made lake stocked with 2, 500 bass and the 5, 200-square-foot guest house.
The Pinellas County Property Appraiser’s Office puts the market value of Geiger’s estate and an adjacent piece of property at $11-million, based on other sales from 2004-2005. The property tax bill for the estate would be more than $177, 000 – a year.
The real estate agent handling the property is quoted as saying its “a perfect house for a couple who entertains”. Unfortunately, it may not be the perfect place to raise kids. Geiger who has one small child and who’s girlfriend is expecting another are selling because the estate is not really “baby-friendly”.
