Floyd Mayweather Jr., the retired boxing champion, has just acquired a stunning waterfront estate in Miami Beach worth $18 million. The contemporary three-story mansion is situated in the upscale and gated Palm Island, a residential area where the typical asking price for a home stood at $21 million in July 2022, representing a 200% increase from the same time the previous year, according to data from realtor.com.
The nine-bedroom house was designed for both indoor and outdoor enjoyment, according to the listing. With its neutral and sleek interiors, the estate features an indoor movie theater, a gym, a game room, a large entertainment area, smart-home systems, and an elevator.
The new property acquisition is just one of several properties that Mayweather owns in the Miami area, including a condo in Sunny Isles Beach and a property in Coral Gables. Mayweather’s latest purchase is the epitome of luxury living and underscores the wealth accumulation potential in Miami’s luxury real estate market.
The purchase comes on the heels of reports that Mayweather had earned over $1 billion in his boxing career, making him one of the wealthiest athletes in history. The retired boxer is known for his extravagant lifestyle and has a penchant for collecting luxury cars, expensive jewelry, and high-end properties.
In conclusion, the purchase of this $18 million waterfront estate in Miami Beach by Floyd Mayweather Jr. is a testament to the allure and exclusivity of Palm Island, and the potential for significant returns on investment in Miami’s luxury real estate market.