According to reports and hiphopwired.com, James is now the proud owner of a $50 million dollar mansion that was once owned by famed NBA coach Pat Riley.The home which is tucked in the exclusive Coral Gables community has over 880 feet of water surrounding the property as well as holsters a whopping 8 bedrooms and 11 bathrooms.The total amount of property that King James has acquired is 20,862 square feet.

I seriously Doubt King James paid 50 million for it... it probably  came with the Contract along with the Key of the City.....

Here are some pics of the new $50 million house owners in Bahamas this past weekend