LeBron James Dunks $9M on Miami Estate

LeBron James, who joined the Miami Heat this season with friends Dwyane Wade and Chris Bosh, has sunk $9 million for a 12,178-square-foot estate in Coconut Grove, Fla., in the same Miami-area market where Antoine Walker and Shawn Marion are trying to unload homes.

James' 6-bedroom, 8.5-bath home spans three stories, with an external spiral staircase leading to the rooftop deck. On the second floor is the living room and dining room, a gourmet kitchen with two granite counter-top islands, a wine cellar, a mahogany paneled library, and a home theater with all-leather seats and a bar and bath. The third floor has a two-bath master suite with with a covered terrace and sundeck, as well as three other bedrooms with their own terraces.
Connected by a two-story breezeway is private guest house with a balcony and bedroom with its own mini bar with Sub-Zero refrigerator and microwave.

Outdoors there is an infinity pool and bar, a summer kitchen, and a concrete dock
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big enough for two 60-foot yachts. There is virtual tour with 25 photos.

The seller purchased the property in 2005 for $3.5 million, but had that home razed and a new one built about a year ago and then listed it in January for $12.9 million with Judith and Nathan Zeder of Esslinger Wooten Maxwell. It had a reduced list price of $11.9 million when James put in an offer with the help of agent Ashley Michelle-Velez of Miami-based P.U.R.E Investments.

"It is a beautiful area, a wonderful neighborhood," Beachfront Realty agent Alex Shay, who did not represent the buyer or the seller, told HousingWatch. "One of the reasons he chose it is it so so close to the American Airlines arena where the Miami Heat play all of their home basketball games. So you have a beautiful quiet neighborhood that is a 10-minute drive to the arena."

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