LeBron James Miami House: NBA Player Struggling to Sell His $17M Coconut Grove Mansion
After recently leaving South Beach for his native Ohio, LeBron James is having trouble selling his $17 million Miami mansion.
Soon after announcing he was returning to Cleveland and rejoining the Cavaliers, James placed his 12,000-square foot Coconut Grove abode on the market. Some six months later, the four-time league MVP has found few potential takers as Heat fans still struggle to internalize how he could ever choose to leave them behind.
Given that the Miami housing market as a whole is still rumored to be booming, some are speculating the difficulties James' is running into might stem from the still hurt feelings of some deep-pocketed Heat fans.
According to the New York Post, Chris Leavitt, director of luxury sales for Douglas Elliman, describes the market for homes and condos in the area as moving at a "rapid rate," though he adds the properties have to be in the right location and set at the right price.
"What people really want is Star Island, Palm Island, Indian Creek Island, La Gorce Island, or North Bay Road," he said all the while pointing out that James' property sits in Coconut Grove. "These are the premier real estate locations in Miami. This is not, unfortunately, there. It's not a bad price per square foot, but I think it's a tad high for that area."
While admitting that if the home were in another area it could easily sell for two times its current asking price, Leavitt later added: "At this price point, people aren't impressed by who owns it. They don't care. It doesn't really matter to them. The people that buy these homes won't say, 'Oh my God, it's LeBron James' home, I'm going to buy it.'"
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