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LeBron James knows how to live large and spend his money. The Miami Heat newcomer has reportedly purchased a brand new home in South Beach, Miami (Florida) for over $9 million. The massive, mansion-like house is a waterfront mansion located in the Coconut Grove community.

The 20,000 square foot, 3-story home boasts beautiful views of Biscayne Bay, and includes a home theater, a guest house, and other amenities, in addition to 6 bedrooms and 8.5 bathrooms. The grounds also have three fountains and room for two 60-foot yachts to dock.

Spotted @ Gossiponthis

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