New Florida Gators Coach Dan Mullen Selling Starkville Mansion

Dan Mullen is headed back to Florida as the new University of Florida Gators head football coach, and he’s placed his Starkville, MS, home on the market for $1,350,000.

Mullen had served as head coach for Mississippi State for nine seasons before making his way back to Gainesville, and now the new Gators boss has no need for a luxury home in the middle of Mississippi.

Custom-built in 2008, the 9,400-square-foot house has five bedrooms, five baths, and three half-baths. The layout includes a grand entry, formal living room, dining room, and chef’s kitchen with pantry, island, and breakfast area—all with views of the backyard.

There are two living areas, each with a fireplace and high ceiling; front and rear staircases; and an elevator. All the bedrooms are en suite.

The home comes with some great hangout areas, including a game room, media room, gym, and second kitchen. Outdoors there’s a lounge area and a pool. Jay Murphy holds the listing.

The 45-year-old Mullen leaves Mississippi State as the second-winningest coach in the history of the program, which he led from 2009-17. His wife, Megan Mullen, is a sports journalist who has covered the NFL and college football. Mullen served as offensive coordinator for the Gators from 2005-08.

“Megan and I are very excited to get back to Gainesville and the University of Florida,” Mullen said in a statement to USA Today. “I have such great memories of the championships we won during our time here and have a love for Florida. We are happy to be coming back to such a supportive administration, staff, student body and fan base, which is the premier football program in the country.”

Beyoncè, Jay-Z take out $52 million mortgage from Goldman Sachs

Billion-dollar couple Beyoncé and Jay-Z just bought a home in Los Angeles, and took out a mortgage of $52.8 million from Goldman Sachs to do so.

The couple put in a down payment of 40% for this $88 million mansion, the sixth most expensive home purchase in the city’s history, according to an article by Tanza Loudenback for Business Insider.

The home is 30,000 square feet and sits on a two-acre hillside estate in Bel Air. It contains four outdoor pools, a spa and wellness center, a full-sized basketball court and a 15-car garage. Check out the picture below of the outside of the mansion.

Click to Enlarge

Beyonce House

(Source: LA Times)

Beyoncé and Jay-Z hold the Forbes title of the highest paid celebrity couple in the world, and hold a combined fortune of $1.16 billion, yet they didn’t pay cash for the new home, the Business Insider article pointed out. The monthly payment on their loan totals $149,600 – that’s higher than the median home price in some cities.

From the article:

Keeping their mounds of cash liquid could be a smart business decision. For starters, it helps to maintain their lavish lifestyle. But it could also allow them to continue investing heavily in tech companies, presumably earning returns greater than the amount of interest they’ll pay, considering mortgage rates are still historically low in the US.

“Depending on how their portfolio looks — what they’ve invested in — I think there could be a huge benefit [to Beyoncé and Jay-Z]. It gives them flexibility, and they could pay the mortgage off anytime,” Robert Cohan, a managing director at Carlyle Financial in Los Angeles, told Business Insider