Legendary NBA coach Pat Riley is making a play in the real estate game by putting his longtime beachfront Malibu home up for rent for $18,500 a month. Riley and his wife purchased the oceanfront abode on July 14, 1989 for $1,600,000, back when ‘Riles’ was still winning championships with the Showtime Lakers in L.A. Since then, Riley has moved onto more NBA titles in Miami, first as head coach and more recently as Team President of the Heat, which might mean he’s spending less time on the West Coast.
The home is located within an exclusive gated enclave off of Broad Beach Road, and has 3 bedrooms, 2 bathrooms, plus an office where Riley likely spent many late hours breaking down the Celtics defense or writing plays for the likes of Magic Johnson, while waves crashed a few feet away.
The floor plan includes a large living room with fireplace, open kitchen, and walls of glass for great, natural light. Outside, expansive patios have limitless views of the Pacific Ocean. Riley and his wife won’t be missing the summer in Malibu, though, as the rental isn’t available until September 1, 2013.
Even when they do rent it out, they won’t be going far. They also own the house two doors down, which has 3 bedrooms, 4 bathrooms and 2,088 square feet. They paid $7,000,000 for it in February 2007.
Images via the MLS.
