The first year of LeBron James’ new two-year deal with the Lakers is now underway. He will have a new home in Beverly Hills even if he is temporarily residing in Los Angeles.
According to The Sun, James demolished the $37 million Beverly Hills property he purchased in order to construct a new residence there. James has obtained the necessary licenses to еrеct a house there.
While he and the Lakers were on the verge of winning the NBA championship that season at Walt Disney World in Orlando in September 2020, he purchased the mansion.
The house was first owned by the estate of Lee Phillip Bell, who along with her husband co-created “The Bold and the Beautiful” and “The Young and the Restless.” The house was constructed in the 1930s. Former residents of the house include Howard Hughes and actor Charles Boyer. The property was also rented by actress Katharine Hepburn.
Additionally, he owns two additional properties in Brentwood, each of which is valued at over $20 million.
James’ deal is for slightly over $99 million over two years. The second year, however, is a player option with a value of roughly $51.5 million.