LeBron James Net Worth: Cleveland Cavaliers Superstar Buys a $21M Ohio Mansion
Cleveland Cavaliers superstar LeBron James buys a luxury property in the territory or stronghold of his NBA team, Ohio.
James, the Cavaliers' shooter just acquired an Ohio mansion worth $21 million, Los Angeles Times reported. The Brentwood estate built in 2011 is an expansive abode that covers 9,440 square feet, noted the news site. The Ohio house reportedly showcases a grand foyer, six bedrooms, eight bathrooms, a formal dining room and another casual dining area that serves as the breakfast nook.
The new home of the four-time regular season MVP displays traditional-inspired theme. Internal features include a curved and dramatic staircase, picture windows offering verdant views, airy ambiance, formal themes and vast living spaces. The two-story dwelling place comes with "gabled roof, dormer windows and black shutters," noted The Los Angeles Times.
Outdoors, the house provides a garage that can fit three vehicles, a lush lawn and a swimming pool that is equipped with a lovely spa-fountain.
With this purchase, does this mean that James is committing to stay long with the Cavs?
"King James" signed a two-year contract in July worth $47 million, with a player's option for 2016-2017, ESPN reported.
Another real estate move
This was not the first real estate transaction the 11-time NBA All-star did this year. In August, the 30-year-old basketball player just said goodbye to his house in Florida. James sold his 12,178-square-foot Coconut Grove property residence in Miami for $13.4 million, The Real Deal informed. It was $3.6 million short of his original asking price of $17 million in October 2014, per a separate report from The Los Angeles Times. Yet, James still managed to gain $4.4 million from its closing price as he only paid $9 million for the six-bedroom estate, five years ago.
Timo Kipp and his wife, Nathalia, co-managers of Panda Home LLC, were the buyers of the Coconut Grove mansion. Nathalia brokered the sale for them while Tomi Rose of Opulence International Realty represented James in the deal, noted The Real Deal.
It is not surprising for James to get another real estate asset much more expensive than his old Florida home, where he stayed while a member of the Miami Heat. "King James" amassed a great net worth based on his yearly salaries. This 2015, the Akron is the highest-paid NBA player, noted Forbes. He also lands on the sixth spot worldwide among all athletes. He has $64.8 million in total earnings with a major chunk of it, $44 million, were from his endorsements with popular brands like Nike, McDonald's, Coca-Cola and Samsung.
He is also valuable inside the court. According to ESPN, the 2014 NBA Season championship contender delivered averages of 25.3 points, 6.0 rebounds, 7.4 assists, 0.7 blocks and 1.6 assists per game.
Subscribe to Latin Post!
Sign up for our free newsletter for the Latest coverage!
* This is a contributed article and this content does not necessarily represent the views of latinpost.com