LeBron James sells waterfront estate in Miami for $13.4 million

LeBron James took his talents to Miami, and now he's taking his money out of it.

James, who played with the Heat for four seasons before returning to the Cleveland Cavaliers last year, sold his Miami home Tuesday for $13.4 million, a source confirmed to ESPN.com.

James paid $9 million in 2010 for the home, which has six bedrooms and eight and a half bathrooms. He sold it to Timo and Nathalia Kipp, who are married Florida real estate investors.

The couple sold their former home, which just happened to be previously owned by Heat star Alonzo Mourning, and had been leasing James' home since June, a source said.

James originally put the 12,178 square foot home in Miami's Coconut Grove neighborhood on the market for $17 million in October. The price was dropped to $15 million in March and was eventually sold for $1.6 million less.

The home has a game room, a theater, a wine cellar, an infinity pool and a dock on the water.

Real estate publication The Real Deal was the first to report the sale.