San Francisco 49ers legend Jerry Rice finally sold his mansion in Atherton, CA but it took a price cut of nearly 60 percent to do it. The San Francisco 49ers legend looked to bank a whopping $22 million when he posted his custom-built mansion in 2007. However, when the dust settled – seven years later – the Hall of Fame wideout walked away with just $9 million for the 13,908-square-foot home. Sited on 1.2 acres, Rice’s now-former residence boasts an All-Pro workout facility with $500,000 worth of weights and training equipment, a sauna, and a steam room complete with cold plunge.
The mansion sale has been a long real estate ride for the NFL Hall of Famer. Rice began testing the waters way back in 2007, when he listed the custom-built manse for $22 million. A year later, the 13,908-square-foot home reappeared on the market sporting a price cut of nearly $9 million.
From mid-2009 onward, the French-chateau-style property teetered on and off the market. It nearly sold in 2011 for $11 million but remained in Rice’s possession after the buyer backed out of the deal at the last minute.
In 2012, Rice lowered his expectations yet again, dropping his asking price to $10.5 million. According to property records, he ultimately parted ways with his longtime home in early January at an even steeper discount – $9 million.