LeBron James’ Real Estate Portfolio is HEATING Up in Miami

According to public records, the top player for the Los Angeles Lakers and former Miami Heat purchased a luxury condo in Sunny Isles Beach at The Estates at Acqualina. James paid $9 million for the 43rd floor condo at Acqualiana. 

Akron, an Ohio-based business founded by James purchased the 2-story unit at 17909 Collins Avenue from the developer. This summer saw the completion of the north tower, which rises 49 stories tall and features 154 luxury condo units.

A 45,000 square foot luxury villa with an ice rink, bowling alley, and the Avra Miami Estiatorio restaurant will be delivered as part of Estates at Acqualina later this year. The late fashion designer Karl Lagerfeld created the lobbies in both skyscrapers.

The acquisition signifies James' return to South Florida as one of the greatest basketball players in history. James, Dwyane Wade, and Chris Bosh made up the "Big Three" while they were all members of the Heat from 2010 to 2014. 

In 2015, he sold his waterfront residence in Miami's Coconut Grove district for $13.4 million. James sold one of his Los Angeles houses in Brentwood last year for $19.6 million.

According to Forbes, the athlete became a billionaire this summer and is a co-owner of the clothing chain Unknwn, which has outlets in Wynwood and Akron, Ohio. Additionally, he has investments in businesses including Tonal, a startup home gym, and Blaze Pizza.

The Estates of Acqualina, by the Trump Group led by brothers Jules and Eddie Trump, the Estates is their third condominium development in Sunny Isles. Three single-family residences are part of the development, and prices varied from the mid $4 million range to $35 million for the penthouses.