The Real Deal Miami

LeBron James’ waterfront Miami manse is under contract

Former Miami Heat star paid $9M for the Coconut Grove estate in 2010

June 05, 2015 03:45PM
By Sean Stewart-Muniz

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Basketball star LeBron James and 3590 Crystal View Court in Coconut Grove

Basketball star LeBron James and 3590 Crystal View Court in Coconut Grove (Credit: Keith Allison)

Nine months after hitting the market, LeBron James’ sprawling home in Coconut Grove is under contract.

The MLS shows a pending sale on 3590 Crystal View Court, and a closing may follow in the next few weeks. Listing agent Tomi Rose of Opulence International Realty confirmed to The Real Deal that the home is under contract.

“It’s going to be great for Coconut Grove because it’s going to be the highest price sale in the neighborhood,” she told TRD.

The basketball star and former Miami Heat headliner first purchased the home for $9 million in 2010. After earning two championship rings with the Heat, James decided it was time to return to Cleveland, and he put the 12,178-square-foot home up for sale at $17 million in October 2014.

The listing stagnated for nearly a year before James decided to drop the price by $2 million.

The tactic paid off, apparently, as GossipExtra is reporting that James got close to his asking price.

Described as “the King’s palace” and “the most opulent estate in Miami,” the half-acre compound has all the finishings of an entertainer’s home. It has a dedicated 4,500-square-foot guest section with a lounge and game room, an infinity-edge pool, an outdoor kitchen and a concrete dock with space for two 60-foot yachts.

The home also has a private theater, office and a wine cellar fit for a sommelier.