Steelers Plaxico Burress Loses $2M On Lighthouse Point Mansion

, Daily Business Review

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Plaxico Burress
Plaxico Burress

His torn rotator cuff might not be the only thing causing pain to Pittsburgh Steelers wide receiver Plaxico Burress.

Burress injured his shoulder during training camp, but a deed recorded in Broward County on Jan. 27 shows the former Super Bowl champ took a real hit on the sale of his palatial Lighthouse Point home, which survived foreclosure but sold for nearly a $2 million loss.

The NFL pro paid $3.995 million near the height of the market in 2005 for the five-bedroom Venetian-style home at 2249 NE 26 St. in the picturesque Hillsboro Isles community.

The 6,900-square-foot house on a canal feeding into the Intracoastal Waterway has marble floors, media room, gourmet kitchen, elevator, formal dining room, three-car garage, stained-glass dome, 100-foot dock and master suite with private sun deck.

But Burress lost millions when he and wife, Tiffany Joi Burress, sold the property for $2 million to Mardig Asratian.

It was the latest hurdle for the player who faced foreclosure in 2010 amid fallout from felony gun charges stemming from a 2008 incident when he accidentally shot himself inside a New York nightclub.

Burress' former team, the New York Giants, suspended him.

A foreclosure suit for the Lighthouse Point house followed with lender Deutsche Bank naming Burress and his wife as defendants. The case is still pending before Broward Circuit Judge Sandra Perlman.

Attorney Geoffrey Sherman of Oppenheim Law represents the Burresses, and Emily Dillon, Jeremy Harris, Khari Taustin and Masimba Mutamba represent Deutsche Bank.

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