Steph Curry, a star for the Golden State Warriors, is reportedly just as skilled at flipping houses as he is at making three-pointers.
Curry and his wife Ayesha made a significant investment in real estate last week when they sold their San Francisco home for a healthy return over what they had originally bought for it just a few years prior. The Warriors star has recently increased his business holdings off the court by making a number of wise acquisitions, which include purchasing real estate close to the team’s base in the Bay Area.
Curry Turn a Profit on Redwood City Home
A property owned by Steph and Ayesha Curry in Redwood City sold this week for over $2.6 million, according to George Avalos of the Mercury News. The Ayesha Curry Trust and WSC & AC Trust, whose second initials stand for the couple, were the true owners of the property.
They made about $200,000 in profit in less than two years after purchasing the house for $2.4 million in February 2021. The house is relatively modest for the neighborhood, as the newspaper observed.
“The house totals 1,600 square feet and occupies a lot totaling 6,800 square feet. The residence has three bedrooms and two bathrooms, according to the Redfin website,” the Mercury News report noted.
The Currys sold the property just as the Bay Area real estate market was beginning to soften. Redfin data reveals that the median home price in the San Francisco metro area has plummeted from a peak of $1.655 million in April to $1.495 in September, and that the number of properties has also consistently reduced during that time.
In recent years, Steph and Ayesha Curry have renovated other homes in the San Francisco region. The couple made a $200,000 profit over the price they paid for their Menlo Park home two years previously, according to a March 2021 Mercury News piece.
Curry’s Business Empire Expanding
Curry may be secure because to the $215 million contract extension he agreed to with the Warriors in August 2021, but he has worked hard to distribute his riches through a few wise investments.
He has built up a sizable and varied portfolio of interests through his investment company, SC30, according to the Seattle Times, with a tilt toward social justice causes. This includes a financial commitment to Seattle-based pay equity firm Syndio, which develops anti-bias software utilized by numerous significant businesses.
“Ensuring people are paid fairly is long overdue, and is a fundamental issue that needs to be addressed to progress toward an equitable society,” Curry said in a statement. “Syndio is an objective solution that removes unconscious bias from the equation and changes the way business leaders tackle workplace equity.”
Curry obtained a significant endorsement agreement as well, placing him in exclusive company among professional sportsmen. Curry has “almost clinched a lifetime contract with Under Armour worth potentially more than $1 billion,” according to Rolling Stone reporter Matt Sullivan, who wrote about this in an article in September. Curry has long served as the spokesperson for Under Armour, and the agreement would make him and LeBron James the only two active NBA players with net worths above $1 billion.