LeBron James Sells His Coconut Grove Mansion For $13.4 Million

After a controversial move from Cleveland to the Miami Heat, basketball phenom LeBron James recently made his move back to his roots. And he’s left an opulent Miami estate home behind.

James sold his Coconut Grove mansion for $13.4 million. Although he originally wanted $17 million for it when it was listed back in October 2014, he eventually settled for a few million less.

Not a bad investment, considering the Cleveland Cavaliers’ forward paid $9 million for it back in 2010. James dropped the listing price to $15 million in April 2015, which attracted a serious buyer who still managed to shave off another $1.6 million.

It took a while to find the right buyer, for a variety of reasons. While the million-dollar neighborhood of Coconut Grove is highly sought after, the big money tends to gravitate more towards Miami Beach. Coconut Grove is considered much more residential compared to other hotter neighborhoods around Miami Beach, which could have played a key role in causing the listing to go somewhat stale.

Director of luxury sales for Douglas Elliman, Chris Leavitt, says that if the home was located on islands such as Star Island, Indian Creek Island, Palm Island, or La Gorce Island, it would have gone quickly, even with a steeper price tag. In fact, the home probably could have sold for a lot more than what James managed to walk away with had it been situated in these other baller communities.

Nevertheless, James managed to make over $4 million compared to what he paid for it five years back.

3590 Crystal View Court is secured behind walls and gates, and is located at the end of a cul-de-sac surrounded by much less expensive homes.

According to listing details – which describes the property as “the most opulent estate in Miami” – the three-story mansion was constructed in 2010, and features six bedrooms and 8.5 bathrooms. Walking into the home will bring you into a grand double-height foyer with marble floors and a majestic curved staircase.

The kitchen boasts a double-island with a stainless steel tile backsplash and wine cellar. On the main floor is a dark wood-paneled library and office, as well as an eight-seat home theater.

On the second floor you’ll find the living room featuring a walkout terrace and wet bar. Nestled within the en-suite bedrooms is the master bedroom suite that opens up to an intimate waterside balcony. Guests can enjoy privacy in the separate guesthouse that’s perched above the detached three-car garage.

Amazing views of Biscayne Bay can be enjoyed off the roof top terrace, as well as off the multi-colored LED-lit backyard. The outdoor oasis is filled with a summer kitchen, infinity-edged pool, and even a dock that can accommodate a couple of 60-foot boats.

While one would expect homes of this caliber to feature a cutting-edge security system and a generator (which this one has), an elevator isn’t exactly a typical feature in this particular neighborhood – and this pad has it.

According to the Miami-Dade Property Appraiser’s office, the 12,178 square-foot property has been assessed at $8.6 million, with annual taxes hovering around $200,000.

James has reportedly moved back to his seven+ acre, 30,000 square foot estate in Akron, OH, which features six bedrooms, eight full bathrooms and six half bathrooms.