Boxer Floyd Mayweather Jr. Sells Knockout Florida Mansion for $22 Million—Just Two Months After Listing $48 Million L.A. Home
Retired boxer Floyd Mayweather, Jr. has delivered a knockout sale of his enormous Florida mansion, offloading the Miami Beach estate for an eye-watering $22 million.
The former fighter picked up the property in 2021 for $18 million, according to Realtor.com®, so the seller most likely made a profit on the deal, which appears to have been conducted off market.
Mayweather Jr. did the transaction through an entity connected to him, Fojoso LLC, according to the Real Deal.
The buyer will assume the $13 million mortgage, with the next payment of $98,736 due in December, the outlet reports.
It marks the first move in what could prove to be a very lucrative real estate project for Mayweather Jr., who also recently listed his Beverly Hills home for an even bigger sum: $48 million, to be precise.
That property, which was put on the market in September, has yet to find a buyer; however, should the undefeated champion manage to lure someone in who will pay his full asking price, he stands to earn a whopping $22.5 million profit on the sale.
Waterfront wonder
As for Mayweather Jr.’s Miami Beach pad, which was built in 2011, it offers nine bedrooms and 3.5 baths, as well as 9,094 square feet across three stories on a waterfront estate in the guard-gated Palm Island.
The 5,000-square-foot rooftop offers 360-degree city skyline views, which can also be enjoyed from the primary suite, kitchen, and pool deck.
The indoor-outdoor living setup includes a movie theater, gym, game room, an entertainment area, a smart house systems, and an elevator.
Set on a third-acre, the gated home offers four garages and a private dock that can fit boats up to 100 feet.
Beverly Hills estate
The offloaded abode comes as the legendary athlete is also trying to part ways with his mansion on the other coast, a Beverly Hills compound asking $48 million, almost double what he paid for it in 2017, $25.5 million.
Built in 1992, the build next door to the Beverly Hills Hotel offers “cutting-edge design,” the listing notes, and features six beds and 9.5 baths across an expansive 15,338 square feet.
Designed for entertaining on a “grand scale,” the main residence offers a formal living room surrounded by 10 sets of French doors, a paneled library, formal dining room, and a gourmet kitchen.
The family room with a cocktail bar comes complete with a glass-display wine cellar. The primary suite includes dual baths that open to a large terrace.
The guesthouse also has a state-of-the-art movie room, concession bar, gym, staff quarters, and garage.
Set on a half-acre, the outdoor space includes a pool and spa.
Real estate investor
Apparently, the boxing promoter has also been putting his money into commercial real estate ventures, including a reported $402 million apartment portfolio.
And he more recently made a big bet on office buildings, pouring money into an 18-office building portfolio that include properties in New York, Chicago, and Jersey City, the Real Deal reported.
Mayweather Jr., who competed between 1996 and 2017, retired with an undefeated record and won 15 major world championships. With a 50-0 record, he also made a killing over his career, with earnings believed to be around $1.1 billion both inside and outside of the ring.
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