Reports have been circulating that Lebron James, who recently signed a $110 Million NBA deal, has made an offer on $49.5 million Miami-Dade, Florida mansion. Located in waterfront Gables Estates section of Coral Gables, it is one of the biggest mansions in Miami.

The property which is 20,000+ SQ FT has 8 bedrooms, 11 bathrooms, 800 feet of waterfront and a dock large enough to handle a 150-foot yacht. The current owner is auto magnate Alan Potamkin. The property was listed in the market last year in April 2009. The property also includes private guest suites, a lighted tennis court, full gym, giant pool, and billiard and media rooms.

The price tag is $49.5 million, but no one know if Lebron is paying the full price. Below are some great pictures of the property.

Go to Luxury Homes Miami Beach to see more pictures of Miami luxury homes.

In a tumbling real estate market where the prices for the top tier of luxury home are dropping at a stomach-churning rate, there are a few bright spots.  This past May, mogul Donald Trump managed to sell his Palm Beach, Florida estate, the famed Maison de L’Amitie, for a cool $100 million.  The buyer was fellow billionaire Dmitry Rybolovlev, a Russian chemical oligarch.

While the final sale amount seems impressive, the full story shows that this supposed bright moment in a dark time for sellers is a little bit dimmer than it appears.  Rybolovlev received a whopping $25 million discount off of the asking price listed for the estate.  This is the largest concession in price for a single residence ever recorded.  Now that’s more in line with what we’d expect from this market.

Still, the sale was overall a good one for Trump.  Considering he only spent $41.4 million when he purchased the Maison de L’Amitie four years prior, he still managed to turn a tidy profit.