Former Rockets owner Leslie Alexander sells La Jolla beach house for $16 million

Spanning 9,300 square feet, the three-story home overlooking the ocean expands to 50 feet of beach. <span class="copyright">(Realtor.com)</span>
Spanning 9,300 square feet, the three-story home overlooking the ocean expands to 50 feet of beach. (Realtor.com)

Three years after selling the Houston Rockets for $2.2 billion, billionaire Leslie Alexander has wrapped up another sale in La Jolla, shedding his massive beach house for $16 million.

The deal caps a nearly decade-long effort from Alexander, who originally asked $17.75 million for the waterfront home back in 2012 before lowering and raising the price multiple times in recent years. It’s still a big profit for the 77-year-old; records show he paid $1.7 million for the property back in 1988.

One of 22 homes on the coveted stretch of coast known as La Jolla Shores Beach, the contemporary three-story expands to 50 feet of waterfront and overlooks the ocean from multiple decks and patios.

Walls of glass line nearly every living space, bringing ocean views into the dining room, chef’s kitchen and

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