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Robert Griffin III's future prospects as a starting NFL quarterback may be in question, but he proved this year to have a head for real estate investment.
The Baltimore Ravens backup QB and his wife, Grete, sold their Disney-area mansion in mid-June after just seven months for $3.2 million, banking a $350,000 profit.
Located in Reunion Resort, the 10-bedroom, 13,000-square-foot estate sits on a double lot with conservation view, just steps from one of the resort's three championship golf courses. Built in 2015 by William Stone Premier Properties, the contemporary custom home is designed for entertaining.
The expansive backyard features a covered lanai deep enough to seat 20, with a summer kitchen and pizza oven, overlooking a 50x30-foot infinity pool and spa.
Top Villas Realty founder Penny Stokes-Hilton had the listing for both sales, and told GrowthSpotter the palatial estate drew intense interest.
"We were just inundated with interest, but people were fixated on the price," Stokes-Hilton said Friday. "They wanted it for the same price he paid for it back in November, but Mr. Griffin was very firm in his price. He knew the value and that, in Reunion, prices are rising."
She said the luxury home market in Reunion is strong, but not overheated. She called the resort community one of the region's best kept secrets.
"It's a healthy market," she said. "Good homes are out there, but they have to be priced accordingly so there's no fear factor in the market."
A Heisman Trophy winner at Baylor, Griffin was the second pick of the 2012 draft and earned a $13.8 million signing bonus plus more than $7 million in salary from the Washington Redskins. He signed a two-year, $15 million contract with the Cleveland Browns in 2016, but was cut after one season.
Baltimore signed the former Offensive Rookie of the Year to a one-year $1 million contract in April, then drafted 2016 Heisman winner Lamar Jackson out of University of Louisville.
Stokes-Hilton said the Griffins loved the Reunion house but decided to part with it after relocating to Baltimore. "The house was just too big to not be in it and to leave it locked up for a year."
The couple made no changes to the property, which was a fully furnished, $1,620/night luxury vacation rental when they bought it. The buyer is Boston-based real estate investor Sara Turner, who intends to put the property back on the vacation-rental market.
Have a tip about Central Florida development? Contact me at lkinsler@GrowthSpotter.com or (407) 420-6261, or tweet me at @LKinslerOGrowth. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.