The basketball star originally listed the home for $28 million in May 2018, before reducing the price several times

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shaquille o'neal home
Christian Pestana Rodriguez/Premier Sothebyu0026rsquo;s International RealtyTWITTER
| Credit: Christian Pestana Rodriguez/Premier Sotheby’s International RealtyTWITTER

Shaquille O'Neal has relisted his Florida mega-mansion, complete with an indoor basketball court, for $16.5 million - and it's far from the first time the superstar has tried to sell.

The retired NBA player, 49, first listed the home in Florida's Isleworth community for $28 million in May 2018, a real estate source tells PEOPLE. He then dropped the price to $22 million in December 2018, and again, to $19.5 million, in September 2020.

The home has since been renovated with major upgrades, and it went back on the market on March 15 for $16.5 million, PEOPLE can confirm after a deal fell through in February. It is now listed with a new agent and brokerage, Benjamin Hillman of Premier Sotheby's International Realty.

Located on over three acres in a gated community with nearly 700 feet of lake frontage, the private estate offers 31,000 square feet of living space, 12 bedrooms and an array of over-the-top amenities.

shaquille o'neal home
Credit: Christian Pestana Rodriguez/Premier Sotheby’s International RealtyTWITTER
shaquille o'neal home
Credit: Christian Pestana Rodriguez/Premier Sotheby’s International RealtyTWITTER
shaquille o'neal home
Credit: Christian Pestana Rodriguez/Premier Sotheby’s International RealtyTWITTER

The most unique feature: a 6,000-square-foot indoor basketball court that reads "Shaq Center," and has the Miami Heat logo (he played for the team from 2004 to 2008) placed at center court.

shaquille o'neal home
Credit: Christian Pestana Rodriguez/Premier Sotheby’s International RealtyTWITTER
shaquille o'neal home
Credit: Christian Pestana Rodriguez/Premier Sotheby’s International RealtyTWITTER
shaquille o'neal home
Credit: Christian Pestana Rodriguez/Premier Sotheby’s International RealtyTWITTER

Outside, the sportscaster's home has a 95-foot-long swimming pool with a waterfall and an outdoor bar fit for entertaining. The backyard extends to a long dock on the lake that ends with a seating area.

shaquille o'neal home
Credit: Christian Pestana Rodriguez/Premier Sotheby’s International RealtyTWITTER
shaquille o'neal home
Credit: Christian Pestana Rodriguez/Premier Sotheby’s International RealtyTWITTER
shaquille o'neal home
Credit: Christian Pestana Rodriguez/Premier Sotheby’s International RealtyTWITTER

The property also includes a sound-proof home theater, a 1,400-square-foot cigar and wine bar room, an aquarium-style room with a fish tank, a game room, three fireplaces, and a showroom-style garage that fits at least 17 cars. Also on the property is a guest house with five bedrooms.

The community where O'Neal's home is located is among "the most sought after" in Central Florida, the listing says, featuring an 18-hole championship golf course, 89,000-square-foot clubhouse, a resort-style pool, tennis courts and watersports.

The athlete recently sold another, far more modest home: a five-bedroom spread in Bell Canyon, California, for $1.85 million. That home had originally been listed for $2.5 million in November 2019 and underwent a price cut.