Formerly occupied by basketball star Kevin Durant during his tenure with the Golden State Warriors, an Oakland Hills property in Northern California has become a sought-after gem in the real estate market, with a staggering price tag of $75 million — or at least that what World Now Newses recently reported this week.
Let’s take a look at the property.
The estate, boasting seven bedrooms, eight bathrooms, and a generous 9,084 square feet of space, was being rented by Durant before Compass real estate agent Andrea Gordon listed it off-market for close to $6 million back in 2019, as reported by NBC Bay Area.
The mansion the star player departed from featured a three-car garage, floor-to-ceiling windows, a private home theater, and a basketball half-court.
In 2005, architect Mike Burgess designed the mansion on nearly an acre, which is protected behind secure gates.
Gordon declined to say how much Durant paid in rent, according to Realtor.
Four years later, as of November 2023, the same house that he resided in is now valued at $75 million, according to World Now Newses. But how correct is this assessment?
There seem to be a major discrepancy about the property’s value and its sale. Although World Now Newses reports that the Oakland Hills mansion is listed for sale and is worth $75 million, Realtor.com states that the off-market property at 4614-4616 Rockingham Court was sold in 2021 for $4.8 million and currently holds a value of $4.4 million. The buyer is not listed.
What is true is that the Bay Area is a hot market.
GoBankingRates.com currently ranks Oakland as among the nation’s hottest real estate markets. According to a recent report by GoBankingRates.com, Oakland has earned a spot on the list of the country’s most competitive real estate markets. The website conducted a comprehensive analysis, considering factors such as sale prices, days on the market, and the volume of homes sold. Oakland homes for sale spend a median of just 19 days on the market, with an impressive 72 percent of them selling above the asking price.
During the 2019-2020 NBA season, Durant left California and headed to the East Coast to join the Brooklyn Nets after a three-season stint with the Warriors.
Now playing for the Phoenix Suns, Durant again has digs in California, this time in a $15.6 million he bought in the Hidden Hills in Los Angeles, according to Strange Buildings.