LeBron’s Buying a Castle Fit For King

by July 18, 2010

Fanhouse with the report: “Life & Style is reporting that LeBron James, who recently signed a six-year, $110 million deal with the Miami Heat, has started the paperwork to buy a $49.5 million mansion in the most expensive portion of Coral Gables, Fla. The home was once owned by Pat Riley, and was taken off the market shortly after ‘The Decision.’ The home is the most expensive in Coral Gables, according to Life & Style, and features:* eight bedrooms and 11 bathrooms; * 880 feet of waterfront; * a master suite with a full gym; * a private guest suite with its own tennis court and courtyard on an acre of land. * a 150-foot dock. Taxes are about $1 million per year, with an additional $150,000 price tag for utilities. South Florida auto magnate Alan Potamkin owns the home, and he has listed the home for $49.5 million.”