The Beverly Hills parcel was originally purchased by James, then 38 years old, in 2020. He demolished a mansion that had cost $37 million to build.
The 2.5-acre property was originally listed for $39 million, but he was able to negotiate a discount of $2 million.
Built in the 1930s, the eight-bathroom, two-guesthouse main house featured a tennis court, movie theater, swimming pool, and pool house in addition to its four bedrooms.
Although the Mediterranean-style house had beautiful vistas of Beverly Hills and the Pacific Ocean, James had an idea for making the most of them.
Part of the new property appears to have been built into the hillside, and the house’s foundations have began to take shape.
Around the perimeter of the property, retaining walls and pillars have been built to prevent soil erosion.
When completed, this will be the most valuable asset in James’s holdings.
He also has a $23 million mansion that he purchased in 2017 and is currently living in in Brentwood, California.
The James family’s primary residence, this magnificent mansion spans 16,000 square feet and features eight bedrooms and eleven bathrooms.
The home also has a theater, wine cellar, cigar room, and spa with a steam room, sauna, and massage room for your enjoyment.
James also has an Ohio mansion valued at $9 million.
This 30,000 square foot estate with six bedrooms and eight baths was purchased in 2003 for $2.1 million.
There are two bowling lanes, a recording studio, a movie theater, an aquarium, and a barbershop among its many amenities.
James will be entering the NBA for the 21st time this next season.
His reaction to learning he was the league’s oldest active player quickly went viral.