Matt Geiger Suing Over Unsold Mansion

Matt Geiger Suing Over Unsold Mansion

Matt Geiger’s house
Former NBA center Matt Geiger is suing a Delaware-based company for failing to purchase a $21 million home after reaching an agreement to do so. According to the suit Geiger and Global Asset Holdings LLC agreed on the sale in November 2007, leading Geiger to reject a $15 million offer for the home in December 2007.

The sale price for the 28,000-square-foot estate at 3385 Old Keystone Road had been listed at $19.9 million. The facilities, built in 2003, include a swimming pool and spa, a guest house and private tennis courts. The home has three floors and includes a game room, cigar room, theater, sauna room, cabana room and library.The home was to come furnished, according to the lawsuit. Its master bedroom, for example, had a council table, a sofa, a coffee table, four chairs, three end tables, a sofa bench and a bed. Its game room had two pool tables, three pub tables and 30 leather bar stools.

Matt Geiger has decided to lower the price of the property to $16.9 million, but it comes unfurnished so you won’t inherit any of Geiger’s furniture.

Matt Geiger’s bedroom
Matt Geiger’s house
Matt Geiger decided to move because he feels the house is “kind of built for someone when I was in a different stage in my life,” but he plans to stay in the Tampa area. Or he’s trying to dump the home while the gettin is still good.

Matt Geiger is a real estate investor in his post basketball life, but I don’t think he’s pulling down the kind of money to live in a $16-$21 million crib. This is Matt Geiger not Shaq. His biggest contract in the NBA was a six year $48 million dollar deal he signed with Philadelphia, but never finished due to knee problems. Even if he got all of the money, taxes and various expenses ate up over half of it. Since Matt’s older now and doesn’t feel the need to impress people with the size of his toys, downsizing seems like a good idea.

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