Life & Style is reporting that LeBron James, who recently signed a six-year, $110 million deal with the Miami Heat, has started the paperwork to buy a $49.5 million mansion in the most expensive portion of Coral Gables, Florida. The home was once owned by the Miami Heat’s General Manager Pat Riley, and was taken off the market shortly after Lebron’s nationally televised “The Decision” show.

The home features include:

• Eight bedrooms and 11 bathrooms;

• 880 feet of waterfront;

• Master suite with a full gym;

• Private guest suite with its own tennis court and courtyard on an acre of land.

• 150-foot dock

Taxes are about $1 million per year, with an additional $150,000 price tag for utilities. South Florida auto magnate  owner Alan Potamkin owns the home, and he has listed the home for $49.5 million.

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