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Report: LeBron James' new house is basically a small planet

Jul 18, 2010, 1:41 PM EDT

A popular joke among NBA folks is that with all the angst LeBron James has created among people this summer, he’ll have to comfort himself on his gigantic bed of money. And according to Life and Style Magazine via AOL FanHouse, that bed of money will have quite a bit of room for a chair and ottoman of cash as well.

The magazine reports that James has begun finishing paperwork on buying his new home in Miami for the very reasonable price tag of … $49.5 million dollars. The house features a 12 camera security system, a guest suite with a tennis court, and a gym inside the master bedroom. Because really, if you want to get in some reps, you don’t want to go through the effort of walking anywhere.

The beachfront house used to be owned by Pat Riley, continuing the theme of Riley glad-handing James whatever he wants or needs to smooth the way for his transition to Miami.

It’s good to know that in these troubled times, some people are still getting by with the essentials. Like a beachfront house with a gym in the bedroom.

  1. bobbymact - Jul 18, 2010 at 2:02 PM

    is riley the biggest sleaze ever i hope the real estate in south florida totally tanks and all associated with this farce end up penniless and living in cardboard boxes in the everglades

    • silencegooddoer - Dec 12, 2011 at 1:42 PM

      Did the house come with a ring??? Maybe for a couple of more million, Riley would have thrown it in. All the luxuries in the world will not fill the void of failure LeBron is feeling. Keep trying though LBJ! It is quite entertaining and it keeps you the most popular player despite a championship.

  2. nsicchroulgagss - Jul 18, 2010 at 2:43 PM

    i hate lebron as much as the next guy…second thought probably more since i always thought he was a dancing baby like on them commercials back in the day. but the new found hate on him getting paid what his market value was (actually less) and then buying property; no matter how outlandish; is silly. he cant go out as much as normal ppl so it probably makes more sense for him to have a basketball court in his house then we would. i particularity always hate to hear someone says bc the economy no one should buy anything that reminds them they arent nearly as rich. hell hes got the money so spend it how he so please. if i had it i sure would and you probably would (doubtful youd admit it being on that high horse). and to wish an entire real estate market would bottom out makes you far more of a sleeze than these pro athletes and such are being…on a brigther note, lebron sucks cant shoot and knows he couldnt win on his own (which ive been saying for some yrs now)so he had to flee to south beach

  3. moore your a hater - Jul 18, 2010 at 3:18 PM

    http://virtualglobetrotting.com/map/pat-rileys-house/
    you can look at the house here

  4. . - Jul 18, 2010 at 3:42 PM

    This blog reeks of jealousy & envy.

  5. the real Bron - Jul 18, 2010 at 5:19 PM

    Yea, two MVPs and no one was saying he couldnt shoot or win for himself(albeit a TEAM game)…These writers have everyone programmed to just repeat what they say since the public cant form their own opinion!!!!! Yea, Kobe won this year by himself,,right after he demanded a trade 4 years ago cause they didnt have any star players!!!!

  6. Bizzle - Jul 18, 2010 at 5:24 PM

    Can LeBron even buy it by himself? Are we sure he’s not teaming up with a couple other guys to try and buy it?

  7. dwizzle - Jul 18, 2010 at 5:30 PM

    BTW,the real estate in south fla tanked a while ago so Bron is probably getting a deal

  8. Mario - Jul 18, 2010 at 5:32 PM

    “i hope the real estate in south florida totally tanks”
    You are complaining about how Riley is a sleaze and you make a comment like this. You are bigger sleaze than Riley. You are such a sleaze that because your precious little basketball team didn’t get Lebron James you wish that a whole community suffers. Were are you from bobbymact? Is it Cleveland, Chicago or New York. I’m just guessing these three cities because this is were most of the crying and complaining is coming from.To wish a certain team or player doesn’t succeed is one thing but to wish a whole community suffers is another. That’s why I’m going to say the following, I hope that your basketball team sucks for a very long time but I wish your community and city the very best.

  9. Jim - Jul 18, 2010 at 5:59 PM

    I’d be really curious to find out what kind of a deal he got on his new castle. I’m sure the paper trail won’t reveal any secrets. I’m guessing Wade and Bosh were involved in negotiations with the front office and the real estate agency. This all part of a three way deal that will bring new homes and other fringe benefits to the other two players as well as James.

  10. moolah954 - Jul 18, 2010 at 8:23 PM

    http://www.youtube.com/watch?v=iT9J8yQA-_Q A good Lebron video

  11. Russell - Jul 18, 2010 at 9:09 PM

    LOL! Get a life you loser! Get over it already. amazing. wow. Listen to yourself. You’re the farce! You probably already live in a cardboard box.

  12. Anthony - Jul 18, 2010 at 9:19 PM

    Good for Lebron…hope all goes well..
    For all those haters out there, keep crying no one cares.

  13. JoeSixPack - Jul 18, 2010 at 10:44 PM

    it’s just a matter of time until all of South Beach is renamed “LeBron’s Private Beach”

  14. JoeSixPack - Jul 18, 2010 at 11:07 PM

    Well, at least fans in Cleveland can take heart knowing that LeBron missed out on the $8,000 home buyer tax credit.

  15. LakerJohn - Jul 18, 2010 at 11:38 PM

    F Riley. F Lebron. F the Heat. Riley has won nothing on his own accord. Titles in LA were Magic’s, won nothing in NY. And got lucky he 1 won title in Miami (against inferior Dallas team).

  16. Salty - Jul 19, 2010 at 12:57 AM

    When I look at Pat Riley’s house all I can think about is that long haired kid that was the 6th man comming off the bench for the Lakers.He added energy to the Lakers every time he came into the game.He sure has made all that energy succesful. He has always been a winner.

  17. In Fact.... - Jul 19, 2010 at 9:01 AM

    He has to fit his ego somewhere.

  18. Anonymous - Jul 19, 2010 at 9:19 AM

    Bizzle said: Can LeBron even buy it by himself? Are we sure he’s not teaming up with a couple other guys to try and buy it?
    THAT was freakin’ hilarious.

  19. akronguy - Jul 19, 2010 at 9:25 AM

    Indeed, all of South Beach will be his kingdom. It’s just a matter of time, very little time.

  20. RJV - Jul 19, 2010 at 11:22 AM

    ABSOLUTELY AGREE…..I have NEVER – EVER heard so many people trash talk like this before. D-Wade is one of the most “loyal” people in the sports industry today and he is being $hit on – for what – wanting to win……….TRUST ME – if Lebron got all of these players to go to CLEVELAND – HE WOULD BE BIGGER THAN LIFE ITSELF…..and the media would be praising him like no other – but because he left Cleveland – he is a monster! Do you think for ONE SECOND that if D-Wade left Miami he would be treated like this – AND WHO THE HECK CARES HOW MUCH MONEY LBJ PAID FOR HIS HOUSE…..! MIND YOUR OWN BUSINESS!!!!!!!!! Sports writers NEED TO STICK TO WRITING ABOUT SPORTS!!!!! NOTHING ELSE!!!!!!!!!!!!!

  21. Jimee Johnnson - Jul 19, 2010 at 12:30 PM

    So, where will Pat Riley live now? No question it will beat anywhere in….Cleveland!

  22. Dave - Jul 19, 2010 at 12:33 PM

    Jim,
    Although in most cases I would view this as greed, I don’t think he had a choice and this will save him millions in the long run. Normally single individuals like myself, would love to change my income.
    Looking, what was his pay, $16M a year. IRS will take 40% off the top, then agent gets like 20%. Which reduces him to @ $8M? Itemize those $200,00 monthly payments, That reduces his actual income to $13.6M. Big difference in what the IRS takes.

    • skids003 - Dec 1, 2011 at 3:32 PM

      Yeah, poor guy, don’t know how he gets by. And these guys actually support the Democrats, who want to tax them even more. Makes you think, eh?

  23. HEATWINITALL - Jul 19, 2010 at 12:35 PM

    This ^^^^

  24. dsmith4444 - Jul 19, 2010 at 12:51 PM

    lol
    Maybe LeBron will get hit by a bus. What will the house be wort then. Nothing, nobody would be stupid enough to buy it. After the Heat show taht you can’t be a winner, nobody will want the loser’s house, watch what happens in Akron.

  25. Dan Gilbert's Writer - Jul 19, 2010 at 12:52 PM

    ahhh, LeBron…. don’t feel like having a 1 hr special to announce your new house?? Money earned from commercial spots could go towards the downpayment!
    http://www.lebronscrewed.me

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