King James’ Kingdom: A Glimpse into LeBron James’ Astonishing Million-Dollar Real Estate Empire
NBA superstar LeBron James has expanded his property portfolio in Los Angeles with the purchase of this stunning Beverly Hills mansion.
The Los Angeles Lakers star is under contract to buy a home in Beverly Hills from the estate of a fabled soap opera creator, The Real Deal reports.
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The home belonged to the estate of “The Bold and the Beautiful” co-creator Lee Phillip Bell, and was on sale for $56 million ($US 39 million), but it is unclear whether James paid that price.
The 1,200 sqm home sits on a 2.5-acre property, and boasts seven fireplaces, a pool house with two bathrooms, a fully-lit tennis court, and movie screening room, along with four bedrooms.
Bell, who also co-created “The Young and Restless,” spent decades as a popular daytime talk show host.
Her estate officially put the home on the market in April.
<Other features of the home show skylights and indoor fountains scattered throughout the property, as well as entire wall glass doors that open up to reveal unobstructed city views.
This is the third L.A. mansion that LeBron James has bought, who signed as a free agent with the 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 we’ve seen since Michael Jordan.
He however won’t get the chance to enjoy the property for the next few months, as the superstar continues his 17th season in the league when he joins his team for the resumption of the 2019/20 season in a quarantined Orlando bubble.
James’ four-year, $154 million contract with the Lakers expires in 2022.
A source told The Real Deal 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.