Two "decisions" made -- the effects of which have reverberated all across the league -- and millions of broken hearts after, The King has taken two trips back to the American Airlines Arena in his attempt to conquer the place where he once built his kingdom on from 2010-2014. To his own dismay, the plots were foiled on both occasions. His Cavaliers suffered devastating losses because they could not stand the Heat in the Sunshine State.
But the King's ill-fated exploits in Miami would not end on the basketball floor. As it turned out, he won't have any success on his real estate venture, as well. And now, he is taking a step back. Lebron James has reportedly lowered the initial asking price for his Coconut Grove mansion.
On October last year, the Cleveland ace listed his Miami estate on the market for $17 million after he decided to forego the chance of making another championship run with his former Miami Heat basketball team in July.
Several months thereafter, the property, which he got a hold of back in 2010 for $9 million, has not found another rightful owner as per The Wall Street Journal. He is now reportedly making a $2 million price cut out of the original price.
Not that the property was given the cold shoulder all the time by house hunters from the area, Tomi Rose, the real estate agent for Lebron James and a senior vice-president at Opulence International Realty, told the Miami Herald that there were, in fact, various offers that have been made on the luxury house. It's just that Lebron James and his family have not found one that would merit their approval.
On the reported price drop from $17 to $15 million, Rose said that they were now taking into account that portion of the market, called the spring buyers, as potential clients for them to be able to finally close out a deal. "Most of the properties in that Coconut Grove, Coral Gables area, especially properties of this magnitude and luxury, they can stay on the market for a year or more", the real estate agent said.
Tomi cited the main selling features of the house such as its dock space which is large enough to accommodate two 60-foot yachts, a wine cellar, a roof deck off the master suite, a movie theatre, an infinity pool, and two huge closets. "In most of these estates, the man gets short-changed in the closet area, not in this one"' she told The Wall Street Journal.
