LeBron James drops price on Miami mansion to $15 million

By Jason Rowan

LeBron James has lowered the list price on his Miami mansion by a whopping $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 to spare.

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.

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.

James originally purchased the 16,678 square foot home (12,178 in livable space) in 2010 after taking his talents to South Beach for his first season with the Miami Heat.

Built in 2010, the mansion is located in the posh Coconut Grove. James paid $9 million for it at time of purchase, meaning even if he sells it after the price reduction to $15 million, he will nevertheless make a significant profit on the megabuck real estate transaction.

Opulence International Reality, which owns the listing for the quaint domicile as “the most opulent estate in Miami.”

Judging by photos of the magnificent mansion, the estate is opulent, indeed, to put it mildly.

Source: MSN Sports

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