LeBron James drops $17 million price on Miami mansion by $2 million (pics)
LeBron James has lowered the price tag on his Miami mansion by $2 million, meaning those interested in living in the former palatial abode of the Cleveland Cavaliers superstar can now realize that dream … so long as they have $15 million.
While a reduction on such a presumably prime piece of real estate may seem somewhat surprising, it has been on the market since October, so it was arguably a wise decision by James and his realtor to initiate a price drop on the property.
James originally purchased the 16,678 square foot home (12,178 in livable space) in 2010 during his first season with the Miami Heat after taking his talents to South Beach. It’s located Miami’s Coconut Grove, was built in 2010 and James paid $9 million for it, meaning even if he sells it at the reduced price of $15 million, he’ll make a significant profit on the megabuck real estate transaction.
The home boasts six bedrooms and eight-and-a-half bathrooms. It features a “chef’s kitchen, wine cellar, custom theater, generator, guest home and rooftop sun deck,” per a South Florida Business Journal report. The outside living areas feature a kitchen, an infinity-edge pool and two docks on Biscayne Bay that can accommodate two 60-foot yachts.
Opulence International Reality, which owns the listing for the quaint domicile as “the most opulent estate in Miami.”
Opulent, indeed. A more than accurate assessment of the property, to put it mildly.
[H/T, photo credits: Curbed, by way of Business Insider]