TMZ is reporting that Terrell Owens took a bath on his Azure condo:

According to public documents, Owens paid $340,000 for the 2,600 square foot place back in 2006, right after he signed a $25 million contract with the Cowboys.

Owens no longer works in Dallas … and probably won’t ever work in Dallas again … so he put the place up for sale.”

I think they are wrong. Here’s the real story. Owens owns not one but TWO (2) units at The Azure, as I told you way back. He also owns a 2297 square foot townhome at the East Side Lofts on 1st Street. The smaller Azure unit on McKinnon, #307, is on the market for $279,000, price lowered from $325,000. The price per square foot is just over $300. This is a smaller, one bedroom unit at 881 square feet and while he may have paid $340,000 for that one, he bought both props in 2008. Yeah, pre-bust. But the condo he is probably most anxious to shed, and the ONE THAT IS SALES PENDING, is the big mama on the 20th floor that he had listed for $2,250,000 that is 3559 square feet with 6 garage spaces  This 3 BR, 4.5 Bath custom residence on the 20th floor comes with all those garages plus two storage spaces. There are three outdoor terraces with gas fireplaces, downtown views of the Dallas skyline, 10 ft ceilings, a loaded kitchen with built-in SubZero fridge, Miele gas cooktop and double ovens, etc. The Master suite features his-her separate bath and closets, plus a sitting area and private outdoor terrace with gas fireplace. Best of all, the place has not been lived in much. This pad has been reduced to Holy Schnickers $1,600,000, and at that price, brings the price per square foot at The Azure for this essentially Ferrari property down to $449.56. And that’s if they got asking! 

But TMZ is right about one thing: If TO paid anywhere near $2 million for unit 2008 whenever, he is most certainly taking a bath. Not a $56,000 bath but more like a tsunami –close to a million going bye-bye…

Terrell Owens, or T.O.,¬† whose 15 year professional football career has been, well, rather interesting — from brilliant scoring and play (and antics) on the field to some rather controversial behavior, is heavily invested in real estate, Dallas real estate. He has not one but two condominiums listed for sale at the venerable Azure near downtown Dallas. Owens now lives in Ft. Lauderdale, FL. He is selling a three bedroom, 3559 square foot unit with no less than six garage spaces for $2.25 million, and a smaller, one bedroom unit at $350,000.

Owens was released from his contract by the Cowboys in 2009. He went on to play for the Buffalo Bills and the Cincinnati Bengals.

Both of Owens’s units are in the¬†Azure, which was Dallas‚Äô first¬†LEED certified residential building. He was one of the first celebrity buyers — I think I broke the story! The uber modern glass building is loaded up with the developer, Gabriel Barbier-Mueller’s, private Asian art collection (the lobby is pictured). It was designed by award winning, Vancouver-based architect¬†James Cheng.

Owen’s larger unit is a¬†custom residence on the 20th floor, and comes with those 6-car garage spaces — the “G-2”, word play on the “G-5” private jet favored by many high net worth individuals¬† — plus two storage spaces. The Azure has the most generous parking of any of the Dallas high rises, actually the most generous parking of any high rise. The home has three outdoor terraces with gas fireplaces and to-die-for downtown Dallas skyline views. The kitchen features a built-in SubZero fridge, Miele gas cooktop, and double ovens. If memory serves all of the Azure units were decked out with Bulthaup kitchens. The master suite features his-her separate bath with a “tea-for-two” bathtub, and closets, a sitting area and a private outdoor terrace with a gas fireplace.

Now that second unit is a one bedroom, one and a half bath, 881 square foot unit with only a one-car garage, a generous terrace, the nine to ten foot ceilings, vast windows, also overlooking Dallas, but on the third floor. I’d say it would be perfect to buy both and let your bodyguard/life coach/personal assistant live in 305.

Oh! Almost forgot! It must be hard for T.O. to leave behind Deion Sanders, who sweetly mediated a little spat between Atlanta Falcons cornerback DeAngelo Hall and Owens. Hall claimed that Owens spit in his face after a play early in the game. Game officials and reporters were unaware of the incident and Owens was not asked about it until his post-game interview when he fessed up, confirmed it. And apologized! (The two made up.) Owens was fined $35,000 for the incident. Sanders’ unit is also for sale at The Azure, unit #3002, listed for $7.5 million but I see the listing appears to be canceled in MLS.

For a look inside the Azure, I found this video shot by Mike Orren, (then) Pegasus News, and just watching it brought back great memories of the good old days in real estate!