Deion’s Divorce Is Going to Cost Him a House, A Big House at That: Dallas Real Estate News

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TMZ is reporting that in the Deion and Pilar Sanders marriage pre-nup, Deion agreed to provide his wife with a home half the value of the one she is living in. Where TMZ gets this stuff, I know not. Here’s what they say:

“Sources close to the couple tell us Deion had agreed to buy Pilar a house when they split … equal to half the value of whatever their current home is. Well nowadays they live in Prosper, TX — in a home that’s almost 30,000 square feet, with 10 bedrooms, 9 full baths (and 4 half baths) … and a listing price of $21 million.”

TMZ says Deion might wish he lived in an apartment right about now. I’d say yeah, maybe one off Harry Hines!

Couple things. One, they forgot to mention/figure in the Azure condo that is “leased” right now, (clearing throat loudly). Add that puppy in and Pilar ought to have a second home in Palm Beach, you ask me. But then, values can be argued. Neither of these properties are moving. Deion had some extensive water damage in the Prosper house that he tweeted about last winter, and the home has not sold for the $21 million asking price. $21 million? Good luck. Let’s look at just the land value up there in Prosper: $2,596,682 on 84 acres and $872,575 on 25. That’s a grand total of $3,469,257. Half of that nets Pilar a $1.5 million home which is, I think, a great budget for house shopping in Dallas, Heath, or Rockwall.

Like I told you, Pilar has been looking for homes in the $2 million range, especially those offering owner financing. I know how hard it is for the self-employed to snag a loan these days, so I imagine the Sanders might be feeling the pinch, too, on top of everything else.

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Candy Evans

A real estate muckraker, Candy Evans is one of the nation’s leading real estate reporters. She is also the North Texas real estate editor for Forbes.com, CultureMap Dallas, Modern Luxury Dallas, & the Katy Trail Weekly. Candy has written for Joel Kotkin’s The New Geography, Inman Real Estate News, plus a host of national sites. Constantly breaking celebrity real estate news, she scooped former president George W. Bush's Dallas home in 2008. She is the founder and publisher of her signature CandysDirt.com, and SecondShelters.com, devoted to the vacation home market. Her verticals have won many awards, including Best Blog by the venerable National Association of Real Estate Editors, one of the nation’s oldest and most prestigious journalism associations. Candy holds an active Texas real estate license but does not sell. She is on the Board of Directors of Braemar Hotels & Resorts (BHR).

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