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Derek Jeter is Recession Proof

What does you do if you're one of the truly transcendent baseball players of our time? If you're Derek Jeter, you build the biggest house in Tampa Bay.

According to this piece from the Tampa Bay Tribune (yes, there are photos), Jeter's future palace is in the middle of construction on Davis Island, near Tampa. Too put it mildly, Jeter's house is enormous. It has seven bedrooms and nine bathrooms, spreads across more than 30,000 feet and is twice the size of the mansion that is currently Tampa Bay's biggest, owned by the founder of an RV company.

To put it less mildly, Jeter's pad is going to be outrageously ostentatious.

Jeter spent $7.7 million for the adjoining waterfront lots in 2005 and 2006, then waited until a peculiar time to start construction, in the middle of a national recession. The company building the estate, Winter Park Design, is divulging almost nothing about the mansion, except for the fact that it's being built in "an English manor," style. That means there will be plenty of stonework, which is exactly the kind of touch that helps downplay the owner's two three-car garages and covered drive-in portico in between the house's two wings to keep guest arriving from having to walk in while being rained on.

The Tribune said it'd be nearly impossible to offer an accurate appraisal of the property, though it's guestimation was between $6.6 and $7 million. Something tells us that if it ends up being as big as it's planned to be, it will probably cost Jeter nearly that much in heating and cooling expenses every year, too.

By Cameron Smith  |  July 16, 2009; 10:58 AM ET
Categories:  Yankees  | Tags: Derek Jeter, Yankees, millionaires  
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You know, I've always felt that 6 bedrooms is a little confining for a single guy. So I'm really excited Derek Jeter agrees and went with a 7th. He'll enjoy that later in life.

Posted by: adampschroeder | July 16, 2009 11:15 AM | Report abuse

But in order to get out of the recession people have to spend money like they normally would in better economic times. Athletes and other people with money can help out the little guy by continuing to put their money back in circulation, providing construction jobs or otherwise to people who need them. This isn't a peculiar time for anyone to build a house as long as they have the money to pay for it. Though I guess you could argue that he should just be buying other people's houses since real estate prices have been falling.

Posted by: Hobes | July 16, 2009 1:15 PM | Report abuse

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