Another palace for the king: LeBron James buys Beverly Hills mansion: sources

Basketball superstar in contract for property owned by estate of soap-opera creator

Los Angeles /
Jul.July 03, 2020 02:56 PM
LeBron James and the home at 9955 Beverly Grove Dr.

Basketball superstar LeBron James is in contract to buy a mansion in Beverly Hills from the estate of a fabled soap opera creator, sources close to the transaction told The Real Deal.

The home at 9955 Beverly Grove Dr., belonging to the estate of “The Bold and the Beautiful” co-creator Lee Phillip Bell, was being marketed at $39 million. It’s unclear what James is paying for the 13,000-square-foot property, which sits on a 2.5-acre plot and boasts seven fireplaces, a pool house with two baths, lighted tennis court, and screening room.

Bell, who also co-created “The Young and Restless,” spent decades as a popular daytime talk show host on WBBM radio in Chicago. Her estate officially put the home on the market April 30 with Jeff Hyland and Rick Hilton of Hilton & Hyland. Messages left with Hyland on Friday were not immediately returned.

This is the third L.A. County mansion purchase for James, who signed as a free agent with the L.A. Lakers in the summer of 2018. Before signing with the Lakers from the Cleveland Cavaliers, James bought two homes in Brentwood for $23 million and $21 million each.

James is a three-time NBA Champion, four-time Most Valuable Player, and widely considered the best basketball player since Michael Jordan. He’s continued to play at an MVP level in his 17th NBA season, and the Lakers are a title contender when the season resumes next month in a quarantined Orlando enclave.

James’s four-year, $154 million contract with the Lakers expires in 2022. A source said that James was looking to further establish his Los Angeles foothold, and had also been looking at Beverly Hills land owned by the estate of Paul Allen. Amazon CEO Jeff Bezos signed a contract to buy that parcel for $90 million in February, only to later back out of the deal.

It’s unclear who is representing James on the purchase. Santiago Arana of The Agency has worked with James on past deals, and a message left with Arana Friday was not immediately returned.


Related Articles

arrow_forward_ios
 Matt Damon and Luciana Barroso (Getty, iStock)

Matt Damon lists Pacific Palisades mansion and heads to NY

Matt Damon lists Pacific Palisades mansion and heads to NY
Robbie Roberston and his Beverly Hills Post Office home (Getty, Redfin)

Rock & Roll Hall of Famer Robbie Robertson relists Beverly Hills pad

Rock & Roll Hall of Famer Robbie Robertson relists Beverly Hills pad
Dwyane Wade and Gabrielle Union dropped the asking on their Sherman Oaks mansion, a year after buying big in Hidden Hills. (Getty, Hilton & Hyland)

Dwyane Wade and Gabrielle Union drop asking on Sherman Oaks manse

Dwyane Wade and Gabrielle Union drop asking on Sherman Oaks manse
The Stinking Rose and a rendering of the proposed hotel (Google Maps, Gilliland Architecture via Urbanize, iStock)

Objectionable: Beverly Hills pushes back on hotel project replacing Stinking Rose

Objectionable: Beverly Hills pushes back on hotel project replacing Stinking Rose
Liam Payne and his Monte Nido home (Getty, Redfin)

Plotting new direction, Liam Payne sells Monte Nido compound

Plotting new direction, Liam Payne sells Monte Nido compound
Embattled director faces sexual assault allegations. (Getty, Compass)

Director, facing sex assault allegations, sells Malibu home for $14M

Director, facing sex assault allegations, sells Malibu home for $14M
Liam, Chris and Luke Hemsworth with their Malibu home (Getty, Zillow)

Hemsworth bros sell Malibu crash pad

Hemsworth bros sell Malibu crash pad
Trevor Noah and the Bel Air house (Getty, Redfin)

Trevor Noah pays $28M for Bel Air mansion after selling another

Trevor Noah pays $28M for Bel Air mansion after selling another
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...