Multiple reports claim LeBron James is about to officially become a resident of Miami-Dade by purchasing a $49.5 megamansion in Coral Gables that once belonged to his new boss, Pat Riley. Nestled in the waterfront Gables Estates section of Coral Gables, it's probably one of the grandest properties on the Miami market. The King needs a castle.
The current owner, auto magnate Alan Potamkin, put the property on the market in April 2009. The eight-bedroom, 11-bathroom, 20,088-square-foot manse has 800 feet of waterfront and a dock large enough to handle a 150-foot yacht. The property also includes private guest suites, a lighted tennis court, full gym, giant pool, and billiard and media rooms. Life & Style says James is about to sign on the dotted line, but there's no word on whether he paid the full $49.5 (which is just less than half the sum of his six-year contract with the Heat).