Table Of Content
- Developer Ben Mallah buys former Phillies slugger Ryan Howard's Pinellas home for $16.5 million
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- Take a tour of the beachfront house Ryan Howard sold to Ben Mallah for a record $16.5 million
- Is Ben Mallah Arrested? What Did Real Estate Mogul Do
The mega-mansion known as “The One” sold Thursday for $126 million at a bankruptcy auction. That’s a huge discount from its $295-million listing price, even with a 12% auction fee bringing the total to about $141 million. The seller was former Philadelphia Phillies slugger Ryan Howard, who built the house four years ago on 200 feet of private beach that he bought for $3.5 million. Outside, a lazy river winds under the three-story home, through a covered outdoor area, connecting to a resort-style pool that overlooks the white-sand beach and the Gulf of Mexico. Howard sold it to real estate mogul and entrepreneur Ben Mallah for $16.5-million several years ago. The residence has eight bedrooms, seven bathrooms and four powder rooms.
Developer Ben Mallah buys former Phillies slugger Ryan Howard's Pinellas home for $16.5 million
Real estate investor Benjamin Mallah paid $16.5 million for the palatial estate. The buyer, according to a statement from Premier Sotheby’s International Realty, the agency that listed the property, is Ben Mallah, principal of Equity Management Partners. Mallah is also the former owner of the Best Western Bay Harbor Hotel in Rocky Point, which he sold for $34.5 million in 2015 and is now known as the Godfrey Hotel & Cabanas Tampa. So, currently, there are no factual details regarding his arrests or being charged, as Benjamin shared a post on his Instagram handle two days ago, which indicates that he is not arrested.
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"A couple weeks ago we celebrated our 15th anniversary so once I divided it, about a million bucks a year with a 10-percent gratuity, came out to the price of the house," he joked. Howard built the opulent beachfront home four years ago. It was a tightly-guarded construction site as the building went up, but now that it's changed ownership, the home's new resident is ready to show the world what all the fuss was about.
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Laurence Darmiento covers wealth and dealmakers in Southern California for the Los Angeles Times. He joined the paper in 2015 as an assistant business editor and has overseen finance, real estate and Washington business coverage. Darmiento previously had been the managing editor of the Los Angeles Business Journal and was a reporter for the Los Angeles Daily News and other outlets. A New York native, he is an alumnus of Cornell University.
Colony Reeves, a real estate agent featured on the reality show, recently celebrated her 30th birthday in the home that she described as one of the top waterfront homes in Tampa. After purchasing the 11,982-square-foot house last year, Mallah made several improvements — including installing a new roof and seawall — but he never moved in. He and his wife decided they couldn’t bear to leave their $16.5 million Belleair Shore mansion, which Mallah purchased from former Philadelphia Phillies player Ryan Howard in 2019. The Tampa Bay-area real estate developer on Thursday completed the purchase of a Belleair Shore gulf-front mansion from former Philadelphia Phillies slugger Ryan Howard for $16.5 million. Compass agent Bret Parsons said that he thought the price more reflected the value of the hilltop property, with its commanding views across the city, than the house itself.
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In 2014, news went around that Ben was selling all his assets because he was nearing his death. It was alleged that Ben would die of a heart attack because of his unhealthy lifestyle. Mallah Jr. and Vinson are Ben Mallah’s children from his first marriage.
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America is the land of opportunity, and being able to make it from rags to riches is the ultimate dream. Ben Mallah lives that dream, but it did not come without sacrifices and much work. Despite his flashy lifestyle today, many people may not know that Ben came from a poor family, and he had to rely on his ambition to transform his life. Ben Mallah is a podcaster and online personality from Florida. He recently purchased an amazing home in Tampa, Florida.
He currently owns top hotels and employs about 500 people. However, in the past, the real estate mogul was arrested in an N.Y. Similarly, 13 suspects, including Ben, were arrested in raids in the New York area. Ben Mallah is one of the most promising real estate moguls and entrepreneurs.
Is Ben Mallah Arrested? What Did Real Estate Mogul Do
Diaz said she marketed it only to an exclusive group of wealthy buyers and agents who specialize in luxury properties. BELLEAIR SHORE — Real estate investor Ben Mallah bought a gulf-front mansion Thursday for $16.5 million, by far the most ever paid for a residential property in the Tampa Bay area. He used the manager role as a learning experience as he was eager to know everything about real estate. He knew that this was the road to take if he wanted to become a wealthy man. So when he left this job, he joined Wilton's Marwil investment, a company that bought and sold homes for a profit. He was in charge of managing, purchasing and selling properties.
Stealth run: Realtors reveal inner workings of a secret mansion sale - Business Observer
Stealth run: Realtors reveal inner workings of a secret mansion sale.
Posted: Fri, 26 Apr 2019 07:00:00 GMT [source]
He appears to talk a lot on how to make money and to live the American dream. The house he purchased was baseball player Ryan Howard's previously. Concierge Auctions last year set an auction record when it sold a Beverly Park home for $51 million — but that was still more than $100 million off its original asking price.
The real estate tycoon was born on the 29th of October, 1965, in Rockaway, Queens, New York. He grew up in New York, and since his family was poor, life hardened him and taught him how to survive on his own. Ben Mallah’s family lived in the notorious Queens projects, where most of New York's low-income families reside. He tried many things including serving in the military, but real estate was his true love. So when he got the chance, he quit his job, delved into the real estate world, and has never looked back ever since. It was the best choice he ever made because it made him a millionaire.
Other amenities at the former Rinker estate include upper and lower level primary suites, a fitness room with a sauna and an executive office with a fireplace and built-in bookshelves. The home at 140 Willadel Dr. once belonged to Marshall Rinker Jr., the heir to a concrete empire that his father Marshall E. Rinker Materials Corp became one of the largest cement providers in the state and played an important role in Florida’s 20th century building boom. Mallah bought the home for his wife as a gift for their anniversary.
Shortly after his initial real estate career, he partnered with MarWil Investments. When his finances became stable, he started buying abandoned properties, renovating them and selling them at a profit. Ben used the money he made to invest in hotels but has since sold most of them while retaining only those he believed would be good money makers.
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