LeBron James sold his amazing property after lowering the asking price by nearly £1 million.
LeBron James just made £14.3 million by selling his opulent California estate, which includes a large swimming pool, a home theater, and several other amenities.
After being forced to lower the asking price by over £1 million, LeBron James has finally sold his gorgeous California property.
In March, the basketball icon listed the Brentwood mansion, which was one of three in Los Angeles that he owned, for an estimated £15 million.
However, according to Yahoo, he just sold it for £14.3 million in an off-market deal to Hon “Alexander” Shing, the founder of real estate investment business Cottonwood Management.
That means James has officially lost money on the opulent pad, given he paid just over £15 million for it when he first bought it in 2015 while playing for the Cleveland Cavaliers.
The home, which was only completed in 2011 after being created by renowned architect Ken Ugar, is 9,350 square feet in size and features six bedrooms, eight bathrooms, and numerous other amenities.
A large swimming pool, home theater, gym, and basketball hoop are all located outside a multi-car garage.
With an infinity-edged pool and spa, as well as a sun deck and cabana, the pool area is without a doubt the property’s biggest asset.
On the main level, there is a marble-topped kitchen with an adjacent breakfast room, as well as a formal dining room with a fireplace, a second family room, and a wood-paneled office.
James, who earns £34 million per year after earning the highest NBA contract ever, will be more concerned with the Los Angeles Lakers’ shaky preseason play than his loss on the property.
The Golden State Warriors upset the 36-year-team old’s 111-99 on Tuesday, and his debut alongside fellow Big Three talents Russell Westbrook and Anthony Davis did not go well.
The Lakers’ exhibition record has dipped to 0-5 so far, but James has urged supporters to remain patient.
“It’ll take a minute for us to become the team that we know we can be,” he said.
“There will be times when we aren’t quite right there.”
“It’s possible that we’ll go backwards. But it’s all part of the package… Nothing is worth obtaining if it isn’t worth working for,” I believe.