By Anthony Caruso III | Publisher
The Los Angeles Lakers star — who is competing in his 10th NBA Finals — bought a residence that spans 2.5 acres. The report says that it was sold by the estate of Lee Phillip Bell, who was “The Bold and the Beautiful” co-creator.
The Real Deal first reported that James was in talks to purchase the home in July. However, it did not become official until Wednesday.
This is James’ third home in California. He also has two additional residences in Brentwood.
In 2017, he bought one residence for $21 million. The second residence he purchased for $23 million.
Now, with this third residence, he has nearly $81 million tied to the three houses.
This Beverly Hills mansion has been up for sale since April, the report said. The last time that it was up for sale was in 1986.
When it was sold in 1986, the property was purchased by William J. Bell for $2.9 million.
James’ latest addition has 13,000 square feet with seven fireplaces. It also has a pool house with two baths, a tennis court and a screening room.
The face of the NBA is signed by the Lakers through the 2022 season. He has a four-year, $154 million deal.
We do not know what James’ plans are for this residence. He could potentially purchases these residences for his family, especially his mother Gloria, to be closer to him.
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