Lakers Loss: LeBron James Sells Brentwood Mansion At Reduced Price

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NBA superstar LeBron James has undergone a loss in the real estate game with the recent sale of his Brentwood residence for $1.4 million less than he purchased it in 2015.

LeBron James

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In 2015, NBA legend LeBron James purchased a residence in Brentwood, California for $20,986,500. The real estate transaction was executed in an off-market deal while James was still with the Cleveland Cavaliers. Since then, the four-time MVP has been playing with the Los Angeles Lakers and in 2017, acquired a second Brentwood home. The 2017 contemporary abode was brand new and purchased at a price of $23 million. Now, Los Angeles Lakers star is bidding farewell to his first Brentwood residence at a slight loss. The traditional style abode was initially listed in March at $20.5 million, which is already less than his purchase price six years prior. The property has now been sold at $19.6 million.

Built in 2011, James’ former Brentwood residence rests on the “coveted Rockingham Rim.” The gated mansion spans 9,440-square-foot with six bedrooms. The expansive interior offers “every imaginable amenity” with formal living and dining rooms, a lavish master suite, terrace, ensuite bathroom, two closets, elevator, and three car garage. Additionally, the kitchen is equipped with a breakfast nook and one of two family rooms opens to a loggia with heaters. Decorative elements of the home include Oakwood floors, detailed ceilings, and multiple fireplaces. Entertainment options are presented in the form of a media room, paneled library, gym, and a memorable basketball hoop. The lavish space also offers state-of-the-art audio and video, security, and home automation. Stepping outside, the exterior boasts a half-acre lot with a lap pool, spa, poolside cabana, and picturesque Californian views.

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