Celebrity real estate: Miami Heat’s President Pat Riley renting out Malibu home

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Miami Heat President Pat Riley rents out his Malibu beachfront home every year; however, this year is a little different. Riley has drastically reduced the renting price. Last year, the beautiful property was $35,000 and this year he is only asking $18,500 a month. The beachfront home offers four bedrooms and three baths. Walls of glass in the kitchen and living room give way to expansive ocean views, while a patio deck presents the perfect place to take in the beautiful California sunset.

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