One of LeBron James’ two Brentwood estates, Brentwood Park, has officially been sold after he first put it on the market six months ago at a price of $20.5 million. The property, which hasn’t been occupied by the NBA star for several years, was sold off-market for $19.6 million to Hon “Alexander” Shing, founder of Cottonwood Management, a privately-held real estate investment firm based in Los Angeles.
It cost King James a whopping $1.4 million compared to the $21 million he spent on the property nearly six years ago, back in October 2015, while he was still playing for the Cleveland Cavaliers.
With a gated entrance and a traditional white brick and stone mansion offering views of the surrounding hills, the walled and gated estate is nestled on over a half-acre parcel in the Brentwood Park neighborhood — on the same Rockingham Drive made famous by O.J. Simpson years ago.
A double-height foyer with mustard walls and a wallpapered formal living room with burnt orange curtains highlight the home’s two levels of living space, which measures over 9,000 square feet. Two sets of sliding doors open to a loggia ideal for alfresco dining from a family room that features fuchsia accent chairs. An adjacent breakfast room and marble countertops are available in the kitchen. There is also a formal dining room with a fireplace, a second family room, and an office on the main level.
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As well as the master retreat and five additional bedrooms, there is a communal family gathering/lounge, mudroom, and gym upstairs as well. Despite the picturesque grounds, the star of the show is the infinity-edged pool and spa flanked by a sun deck and cabana that overlook the grassy lawn. The Brentwood Park property isn’t the only property James owns. He also owns a spec mansion in Brentwood that he bought for $23.5 million in 2017 as well as the hilltop 90210 compound, which was once owned by Hugh Hefner and occupied by Katharine Hepburn.
Just last month, Shing bought a 12,000-square-foot Beverly Hills home for .5 million, giving him two $50 million homes in L.A.
