Carmelo Anthony Loses $5.8 Million On Denver Home

by June 14, 2011

Ouch! There’s not many details, but word is that Knicks star Carmelo Anthony lost a lot of money on his Denver home. Luckily for Anthony, he can compensate with his $65 million contract . From The Denver Post: “Carmelo Anthony and LaLa Vazquez just sold their Littleton pad for $6.2 million, says Kentwood Real Estate broker John Fitzpatrick. It had been on the market for one year for $9.5 million. That’s about a 30-percent discount. But wait. It gets worse. Anthony paid $12 million for it in 2007. That’s a loss of $5.8 million.”