LeBron James Sells His Miami Mansion for $13.4M

After playing for the Miami Heat for four consecutive seasons, LeBron decided to return to the Cleveland Cavaliers last year, listing his 12,178 square foot home in Miami’s Coconut Grove neighborhood for $17 million in October.

After the property sat on the market for a few months, its price dropped to $15 million in March before finally selling this past Tuesday for $13.4 million. The buyers are a married couple of real estate investors who had been leasing the legend’s pad since June.

The massive estate has six bedrooms, eight and a half bathrooms, a huge gourmet kitchen, a game room, a theater, and a wine cellar, just to list a few features. The King’s former home also has a master suite with an easy accessible private sun deck on the roof, plus glass doors that open to covered terraces overlooking the infinity pool and Miami bay. Don’t forget that the concrete dock has parking for two 60-foot yachts. A true estate built for a King.

source: totalmortgage.com

'King' James puts $17M Miami palace up for sale

MIAMI - Got a spare $17 million knocking about? NBA star Lebron James has put his waterfront Miami mansion -- complete with sommelier's wine cellar and custom theater -- up for sale, just months after confirming his decision to return to the Cleveland Cavaliers.

The palatial spread in the exclusive Coconut Grove neighborhood, billed by realtors as the "most opulent estate in Miami," was bought by the basketball superstar for a cool $9 million in 2010.

However, with James calling time on four glory-laden years with the Miami Heat in July, the mansion is now up for sale -- at nearly double the price.

The listing from Opulence International Realty said the property also includes a chef's kitchen, office, generator, guest home and private sun deck.

The property includes six bedrooms, eight bathrooms and various swimming pools.

James, 29, won two NBA championships during his stint at the Heat.

source: www.abs-cbnnews.com