Well, it wasn’t sold for the original asking price of $17 million, but LeBron James of the Cleveland Cavaliers has finally sold his former house in Miami for a modest $13.4 million, according to ESPN.com’s Darren Rovell. To put that into context, that’s worth roughly just under three sports cars in Floyd Mayweather’s garage. In layman’s terms, this means neither you nor I will be able to buy it.
Rovell has more details on the house that belonged to the former Miami Heat star:
James paid $9 million in 2010 for the home, which has six bedrooms and eight and a half bathrooms. He sold it to Timo and Nathalia Kipp, who are married Florida real estate investors.
The couple sold their former home, which just happened to be previously owned by Heat star Alonzo Mourning, and had been leasing James’ home since June, a source said.
James originally put the 12,178 square foot home in Miami’s Coconut Grove neighborhood on the market for $17 million in October. The price was dropped to $15 million in March and was eventually sold for $1.6 million less.
The 12,000 square foot home was appraised at just under $9.7 million last year, so he’s still making some nice coin off of the sale. The house, which you can view photos of below, has a game room, wine cellar, theater, elevator, infinity pool and dock.
LeBron James sells his Miami house by $13.4 Million. pic.twitter.com/CmAeoMlrfo
— MundoBSKT 🇲🇽 (@mundobskt) August 26, 2015
Think that house is fit for a King? At one time, maybe, but apparently not anymore.
(Via ESPN.com)
