LeBron James’ real estate game is pretty strong, too. Here’s a look at what he owns

The 3-time NBA champion owns two homes in Brentwood... so far

TRD LOS ANGELES /
Jul.July 03, 2018 01:00 PM
LeBron James and his Brentwood homes (Credit: Keith Allison via Flickr, MLS)

NBA superstar LeBron James never before played for the Los Angeles Lakers, but his announced move to the storied franchise represents something of a homecoming.

The four-time league Most Valuable Player and three-time champion owns two homes in Brentwood, having spent a significant amount of time in L.A. in what has become a popular offseason residence for players around the league.

James made his first foray into L.A. real estate in November 2015, when he paid $21 million for a 9,440-square-foot custom-built mansion in Brentwood.

The purchase came a year after he famously re-signed with his hometown Cleveland Cavaliers, the team he left Miami for in 2010. At the time, there wasn’t much speculation that King James was planning a move to the Lakers any time soon. The home was the site of an incident two years later, when someone spray-painted a racial slur on his front gate.

In August 2015, James sold his Coconut Grove mansion in Miami for $13.4 million, which netted him a $4 million profit.

He sold the the 12,200-square-foot home — originally listed for $17 million — to an LLC controlled by Mayfair in the Grove owner Timo Kipp and wife Nathalia.

James had purchased the six-bedroom home in 2010, when he signed with the Miami Heat.

But he may have telegraphed his pass in December 2017, when he purchased a second Brentwood home for $23 million. That got the rumor mill spinning.

James picked up a two-story mansion much larger than his first home in the neighborhood It spans nearly 16,000 square feet and includes a wine cellar, cigar room, sauna and home theater. The eight-bedroom estate includes reclaimed marble and oak from Spain. TMZ reported last month that James was dropping around $70,000 to add a basketball court — which seems useful — along with an indoor wine tap, and make changes to the home theater and pool.

The purchase made headlines because James was considering opting out of the final year of his contract, which he made official Sunday night when he signed a four-year contract with the Lakers for $154 million.

It was at that Brentwood mansion the night before that he met with Magic Johnson, now president of basketball operations for the franchise, to discuss a possible move to L.A.

Santiago Arana, James’ broker on the latest Brentwood purchase, said he doesn’t know what the newest Laker will do on the real estate front. “He just announced that he was coming to the Lakers, he was just in the Finals, he’s on vacation right now, you know, so this is probably the last thing on his mind,” Arana, who works at the Agency, told TRD.

James leaves Cleveland behind but he and his family can still return to the area whenever they want. James built a 30,700-square-foot mansion in his hometown of Akron. He purchased the land in 2003, and built the two-story palace around 2007. It has six bedrooms, a two-lane bowling alley, barbershop, and a recording studio. The home is estimated to be worth around $9.2 million.

A word of caution. If he has any intention of selling, James may want to consider another all-time great’s trouble.

Michael Jordan’s 13,000-square-foot estate in a Chicago suburb has been stuck on the market for six years. Spread over the seven acres, the custom-designed Highland Park home was initially listed for $29 million in 2012. Despite the Hall of Fame pedigree, the home has languished, and can now be scooped up for $14.4 million.


Related Articles

arrow_forward_ios
Kunal Nayyar and the home (Credit: Getty Images and Comapss)

“Big Bang Theory” star Kunal Nayyar buys Hancock Park home

Four of the top residential listings in LA this week

Here are the priciest resi listings in LA County last week

Larry King and Shawn Southwick

Larry King is saying “so long” to Beverly Hills Flats mansion

The top five listings of the last seven days

Here are the priciest resi listings in LA County last week

Sheldon Adelson and his new property flanked by two of his other homes (Credit: Getty Images)

Sheldon Adelson is betting big on the Malibu housing market

Joel Silver and the dining room in the Brentwood home (Credit: Getty Images)

Producer Joel Silver lists Brentwood estate at blockbuster price

Clockwise from top left: 12921 Marlboro Street, 22102 Pacific Coast Highway, 21536 Pacific Coast Highway, 820 N. Roxbury Drive and 334 S. Burlingame Avenue (Credit: Redfin)

Here are the priciest resi listings in LA County last week

College athletes could soon be allowed to make money on endorsement deals in the state of California (Credit: Getty Images and iStock)

Playing the real estate game: College athlete bill could mint young millionaires and homebuyers

arrow_forward_ios