Rick Pitino’s Miami Beach estate returns for $24M

The lavish Miami Beach estate of Rick Pitino just returned to the market asking $23.9 million, coinciding with what’s becoming a messy legal battle for the former big-time basketball coach.

The Indian Creek residence was built last year and encompasses 12,000 square feet under air, per the listing, which is held by Ralph Arias of One Sotheby’s International Realty. Details include eight bedrooms, 12 bathrooms, an elevator, an office, a large gym, a dock with lifts, and a resort-style pool.

It’s one of two properties for sale on the exclusive island dubbed Miami’s “Billionaire Bunker” by Forbes, joining a tear-down on 1.84 acres asking $29.5 million. Pitino was asking as much as $26 million last year and purchased the property for $5.4 million in 2009, records show.

Pitino’s illustrious coaching career, which included stints with the Knicks, Celtics, and University of Kentucky before settling in at the University of Louisville, took a messy turn this year when Louisville was found to be at the heart of an FBI-led investigation targeting the bribery of recruits. He was placed on administrative leave in September before getting officially terminated in October.

In the months since, there are now lawsuits flying in every direction, the latest being Louisville counter-suing Pitino.