Tom Joyner Sells Mansion for Double the Price Paid

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KUDOS to Tom Joyner of Reach Media for making a whopping 10 million dollars on the mansion he just sold in South Florida. The nationally syndicated host purchased the home in 2004 for 10.6 Million at the start of the national real estate slump. The home is 9,764-square-feet and is located at 307 Ocean Boulevard to a trust led by Jan A. Marks.  The home has six-bedrooms, eight-bathrooms and one-half-bath sitting on a 26,000 square foot lot. Joyner also listed the house for 26 Million and sold it for 21 Million. Leverage plus knowledge equals smart investing.
 




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