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Los Angeles Times
Los Angeles Times
Business
Neal J. Leitereg

LeBron James sells his Florida waterfront compound for $13.4 million

Aug. 29--NBA superstar LeBron James, who spurned the Miami Heat to return to the Cleveland Cavaliers a summer ago, has officially exited South Beach with one last score.

The 11-time NBA All-Star this week sold his oceanfront compound in Coconut Grove, Fla., for $13.4 million, down from his original asking price of $17 million, but $4.4 million more than the $9 million he paid for the home in 2010.

Set on nearly half an acre, the walled and gated estate centers on a three-story contemporary with an elevator, a home theater, six bedrooms and 8.5 bathrooms in 12,178 square feet of space.

Designed for indoor-outdoor entertaining, walls of glass doors connect public rooms with a wide covered terrace. A separate entertainment wing features a lounge, a game room and a wet bar.

Outdoors, palm-topped grounds contain a guesthouse, separate security quarters, an infinity-edge pool and a 4,500-square-foot entertainment pavilion. Private dockage can accommodate space for up to two 60-foot yachts.

James, 30, led the Cavaliers to the NBA Finals in his first season back with the team. The four-time NBA Most Valuable Player previously led the Heat to four straight NBA Finals, winning two championships.

Tami Rose of Opulence International Realty was the listing agent. Nathalia Kipp of Mayfair Real Estate Advisors repped the buyer.

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