The Real Deal Miami

Has LeBron picked a home?

July 19, 2010 03:00PM

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James’ potential future mansion

After a nail-biting, multi-week decision process
that led basketball phenom LeBron James to sign a six-year, $110
million contract with the Miami Heat, the King may have found his own
private kingdom. Numerous news outlets have reported that James is in
the process of buying a $49.5 million Coral Gables mansion, complete
with 880 feet of waterfront access. The eight-bedroom, 11-bathroom pad
includes a private guest suite, tennis court, pool and 150-foot dock.
Real estate taxes for the 20,088-square-foot home are estimated at
around $1 million per year, with a year’s worth of utilities expected
to cost around $150,000. This news comes on the heels of weeks of speculation that James was looking at Coral Gables for his new home. [Fanhouse] and [Life & Style]