Last summer, James sold his South Beach mansion for just over $13 million.
LBJ has interests in high-profile film and television production.
Per Variety and ESPN:
According to uncommonly well-connected real estate yenta Yolanda Yakketyyak, and circumstantially affirmed with property records, the celebrated six-foot-eight Cleveland Cavalier, who made a big splash in Amy Schumer’s summer hit comedy “Trainwreck” and executive produces the loosely autobiographical Starz series “Survivor’s Remorse,” surreptitiously splashed out a sliver less than $21 million for an East Coast-style mansion on a plum block in an uber-pricey pocket of L.A.’s Brentwood community. Designed by mansion specialist Ken Ungar, and custom built in 2011 for a real estate developer and his family, the dignified, understated and architecturally asymmetrical six-bedroom and seven-bathroom Colonial measures in at a hefty but, by today’s bigger-is-better standard, hardly humongous, 9,350 square feet.
The enormously accomplished, endorsement-rich, and notably philanthropic two-time NBA champion sold a three-story waterfront contemporary in Coconut Grove, Fla., only a few months ago for $13.4 million, but continues to own a seven-plus acre spread in Akron, Ohio, anchored, according to tax records, by a 30,000-square-foot mega-mansion with six bedrooms and 14 bathrooms.
James has a $24 million player option in his contract with the Cleveland Cavaliers for the 2016-17 season that he can opt out of to become a free agent next summer. However, the L.A. home should not be seen as an indicator of James’ potential interest in playing for the Los Angeles Lakers or Los Angeles Clippers in the future. […] “This is not a basketball decision. He enjoys L.A. as a vacation spot and as a place to relax in the offseason,” the source said.