Canzano: Russell Wilson’s $25 million real estate purchase hits home
Russell Wilson and his wife, Ciara, recently closed on a $25 million home in the Denver area. Columnist John Canzano wrote about the fascination we have with celebrity homes.
The five-acre property has four bedrooms, a nine-car garage and a 2,590-square foot pool house. It made big news. Our culture is certifiably captivated by peeking into the lives of the rich and famous.
From the Canzano column:
The $25 million Denver purchase is a record for the area. I have to believe it’s a tricky re-sale market in that price range. The whole thing reminds me of the hidden challenge that a line of ex-Trail Blazers’ players faced over the years. They arrive in Portland to play basketball and buy a multi-million dollar home near the practice facility. When they leave they’re faced with the struggle to find a buyer at a price point few can afford.
Scottie Pippen and his then-wife, Larsa, bought a home in the suburbs of Portland in 2000 for $4 million. It had 18,700-square feet of living space, an indoor sport court, a media room and a pool. Seven years later, they sold the place at a loss.
Sales price: $2.95 million.
Wilson, a nine-time Pro Bowl quarterback, was traded to the Denver Broncos. The Broncos received the Super Bowl-winning quarterback and a fourth-round pick in exchange for tight end Noah Fant, quarterback Drew Lock, defensive end Shelby Harris, 2022 and 2023 first-round picks, 2022 and 2023 second-round picks and a 2022 fifth-round pick.