Cleveland Cavaliers superstar LeBron James has found a buyer for his Florida estate.

The four-time regular season MVP sold his Florida estate for $13.4 million, The Real Deal reported.

It first hit the market in October 2014 with a price tag of $17 million, when he came back to Cleveland from the Miami Heat after four seasons. However, its asking price was reduced to $15 million in June, according to Los Angeles Times. Although a great chunk was cut from its original price, James is still expected to profit much from it as he only bought the property for $9 million, five years ago, added the Times.

Timo Kipp and his wife, Nathalia, co-managers of Panda Home LLC, were the buyers of the Miami home, with Nathalia serving as the broker for both of them, The Real Deal said.

The 12,178-square-foot Coconut Grove property built in 2010, the same year James bought it, has several features, which the new owners may have liked. The mansion, sitting on almost half an acre of Miami land, includes six bedrooms, eight and a half bathrooms, a separate guesthouse, a home theater, an office, an elevator to service all three levels, security quarters, a 4,500-square-foot patio, and an infinity-edge pool that comes with waterfall features and custom lighting.

There are also amenities fit for someone who likes playing games and also loves to unwind like an entire entertainment wing that displays a game room, a wet bar and a lounge area.

Tomi Rose of Opulence International Realty handled the listing for the NBA All-Star.

"The property is on the open bay, the views are amazing, and it's a yachter's paradise," Rose told People.

Based on the pictures featured on Curbed Miami, the waterfront home is indeed a luxury residence befitting "King James."

It is no surprise for the Akron native to acquire such an expensive real estate property in Florida as he has a huge net worth from his yearly earnings alone. James is this year's highest-paid NBA player and ranks 6th world-wide among all athletes, with $64.8 million in total earnings, according to Forbes. A big part of it, amounting to $44 million, reportedly came from endorsements with Nike, McDonald's, Coca-Cola and Samsung, among others. Only about a third of his earnings directly came from his salary of $20.8 million, noted the site.

Being the "first NBA player to appear in five straight NBA Finals since the Boston Celtics dynasty of the 1960s," as described by Forbes, he is such a valuable player indeed. Last season with the Cavaliers, a 2014 NBA Season championship contender, he tallied an average of 25.3 points, 6.0 rebounds, 7.4 assists, 0.7 blocks and 1.6 assists per game, according to ESPN.

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