Curt Schilling Cuts Mansion Asking Price by $500KBy: Mike Fossum - March 25, 2014
Financially strapped former Red Sox pitcher Curt Schilling has dropped the price of his Medfield, Massachusetts home by $500,000. Originally on the market for $3 million, real estate agent Robin Wish said Monday that the 26-acre property is now available for $2.5 million.
The online listing for the estate reads “Stunning Price Drop – A great opportunity!” The home features a large, hi-end kitchen, a set-up area for catering, a pantry, multiple fireplaces, a large cherry library with a coffered ceiling, 6 bedrooms, 4 bathrooms, a game room, a theatre, a wet bar, a hot tub, a sauna and a wine room.
Schilling had purchased the home from former New England Patriots quarterback Drew Bledsoe in 2004 for $4.5 million. Schilling, once head of the bankrupt video game developer 38 Studios, had effectively blew the money he had earned during his nineteen year Major League Baseball career. Long story short, upon retiring from the Red Sox in 2007, Schilling, a huge fan of World of Warcraft, founded 38 Studios (originally called Green Monster Games, after Fenway’s famed left field wall). In 2010 Schilling struck a deal with the government of Rhode Island to move the company there. Part of the deal included a $75 million loan from the Rhode Island Board of Economic Development.
Here’s a tribute clip of Schilling regarding his MLB heyday:
38 Studios eventually defaulted on the loan, laid off 300 employees via email, and Schilling lost roughly $50 million of his personal finances. Schilling told the WEEI radio Boston’s Dennis & Callahan show, soon after his company went bankrupt, “I’m tapped out. I put everything in my name in this company. The money I saved and earned playing baseball was probably all gone… Life is going to be different.”
Sadly, Schilling had recently began undergoing radiation therapy for an unknown form of cancer, and is presently on hiatus from his gig on ESPN’s Sunday Night Baseball, as a member of the broadcast team.
Image via Wikimedia Commons