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Carmelo Anthony finally sold his Polo Ridge Estates mansion in Colorado for $6.2 million but at the expense of $5.8 million.

The Denver Post reported that the New York Knicks star and his wife La La Vazquez bought the house back in 2007, for $12 million, and listed it in June of 2010 for $9.5 million. After a year of being on the market it finally sold but Anthony took a big hit.

Luckily for the NBA star, he can compensate with his $65 million contract.

The award winning luxury estate is located on 5.7 Acres with 21,000 finished square feet main home, private guest residence, 8 bedrooms, 9 baths and features a wine cellar, a movie theater and outdoor kitchen, a pool, state of the art recording studio, an incredible walk-in closet in the master suite, and a garage that accommodates seven vehicles.

More pictures of the Estate after the break.

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Exterior view of the property.

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Foyer reminiscent of Rome.

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One of the bathrooms.

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Foyer with plenty of storage for wine.

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The lounge area.

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Wide view of the exterior.