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IRS Takes a Bite Out of Mike Tyson

It is the largest bureaucracy on the planet. It is a world of its own, with its own investigation, enforcement, and judicial system, and it is allowed to operate completely outside of the checks and balances loop of our fair-minded democratic government. It is the only sector of American jurisprudence in which the accused is guilty and must prove his/her own innocence. It is the IRS, and it has just lowered the boom on Mike Tyson.

Tyson has been bitten with a $6.3 million lien on his 61-room Farmington, Conn. mansion. Only the week before, the fighter had signed a $33 million fight agreement with Showtime. But Tyson is still hoping the Nevada boxing regulators will lend his cause an ear. A September 19th hearing is scheduled to determine whether or not the carnivorous boxer's license to box will be reinstated.

The mansion, recently profiled in Agent News, was purchased by Tyson for $3 million One year later, he grew tired of his 56,000 square-foot home and decided to sell it -- for $25 million. But the title fight with Evander Holyfield chewed up his credibility, and Tyson, fearful that he might not be allowed to continuing fighting, quickly reduced the price to $22,000,000.

The home's astounding $19 million mark-up was justified by changes Tyson had made to the home, including: a 3,500 square-foot nightclub designed for 1,000 people, and a 1,500 square-foot exercise facility. Century 21 agent Curt Clemens Sr. is handling the sale of the home. Selling the home could prove the end to Tyson's IRS troubles, but he still has yet to have his license to bite, I mean, uh, license to fight reinstated.

For those interested, the over-muscled home boasts 18 bedrooms; 24 full bathrooms and an additional 14 half-baths; an indoor racquetball court; seven kitchens; a theater; an elevator; a three-story foyer; a 3,400 square-foot pool house; and approximately 50 skylights.

Meanwhile, Making Beautiful Music in Malibu...

Barbra Nests with James

Newlywed Barbra Streisand is well served by Fred Sands agent, Joe Babajian of the Beverly Hills office. He managed to keep the marketing of her Holmby Hills, California home a private affair. Co-listed at $7.5 million with Mindy Williamson, the gated two-acre estate includes five bedrooms, seven full bathrooms, a sun room, a swimming pool and ten-car motor court. The bride of actor James Brolin, Ms. Streisand is settling down in Malibu and is also offering her Central Park West apartment for sale. Offered at $10 million, the triplex has 5,000 square feet, eight bedrooms, seven and a half baths, a built-in hair salon, and magnificent views.

Kenny G Moves In

Kenny B. Gorelick, better known for obvious reasons as Kenny G, the Grammy-award-winning saxophonist has just become the proud owner of a $12.5 million home in Malibu. The Cape Cod-style home is situated on two acres and boasts a private beach access. June Scott Estates, a Coldwell Banker-Jon Douglas Company holding, brokered the estate.

Published: September 16, 1998

Use of this article without permission is a violation of federal copyright laws.




Blanche Evans is the award-winning senior editor of Realty Times, the Internet's leading independent real estate news service. She is featured daily on the Realty Times Video Network in the "Realty Viewpoint" segment.

Blanche has been named one of the "25 Most Influential People In Real Estate" by REALTOR Magazine, and has been twice recognized as a "notable." In 2005, she was named "Top Reporter Covering the NAR" by Delahaye-Bacon's.

Blanche is a renowned author of five real estate books. Her newest, Bubbles, Booms and Busts: Make Money In Any Real Estate Market, McGraw-Hill, was rave-reviewed by The New York Times. She was also selected from hundreds of real estate experts to contribute to Donald Trump's book, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies, Rutledge Hill Press, and is featured on page 68.


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Review - Honors

In 2006, Blanche was selected among scores of candidates to author two consumer real estate guidebooks for the National Association of Realtors: The NAR Guide to Home Buying, and The NAR Guide to Home Selling, Wiley & Sons. She is currently planning two new books for the NAR and its members.

     

Known for her keen insight into real estate industry issues and for her ability to make complex subjects easy to understand, Blanche is a sought-after keynote and continuing education speaker. Real estate organizations from MLSs, to brokerages, to franchisors, to associations hire her to provide up-to-the-minute analysis of real estate industry news and advice on how to improve revenues. Her passionate delivery, peppered with stinging wit, is a huge hit with audiences and fans.


Don Klein, CEO Greater Nashville Association of Realtors, Blanche Evans, Richard Courtney, president 2007, GRAR

"The GNAR membership meeting last week featured Blanche Evans as the keynote speaker. Her comments and insights resonated extremely well with those in attendance and we have had many requests for copies of her PowerPoint Presentation. She was a terrific part of the membership meeting and convention program!" - Don Klein, CEO Greater Nashville Association of Realtors

Coverage from WSMV, Nashville - 8-14-2007

That Interview Guy - Get Inside The Head Of Today's Generation
2007 AE Institute Session - To purchase
2006 AE Institute Session - Parts 1 2 3 4 5 6 7 8 9
HouseValues Mastermind call - Parts 1 2

Blanche's fireside chat with Jeremy Conaway, HAR - Click here.

To contact Blanche, email her at .

For more articles by Blanche, click here.




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