Retired boxing champion Floyd Mayweather Jr. just spent $18 million to purchase a new waterfront property in Miami Beach.

The modern three-story home is located on Palm Island, an upscale, gated neighborhood of the city, an area where the typical asking price for a home was $21 million in July, a whopping 200 percent increase from the same period in 2020, according to real estate agent data. .com.

Mr Mayweather, 44, was named the highest-paid athlete of the decade by Forbes in 2019 after earning $915 million over a 10-year period. He made the purchase last week through a Nevada-based limited liability company of which he is the manager, according to property records.

Spread across 10,853 square feet, her lavish new home offers stunning views of the city skyline, passing cruise ships and the city’s coveted sunsets, according to the listing with Dina Goldentayer and Ana Viyella of Douglas Elliman, who declined to comment on the sale.

The listing states that the nine-bedroom villa is designed to accommodate both indoors and outdoors. Furnished with stylish interiors in neutral colors, amenities include an on-site cinema, gym, games room, large entertainment area, smart home system and elevator.

There’s also a rooftop deck, swimming pool, four-car garage and private dock that can accommodate boats up to 100 feet long.

Tanasha Pettigrew of Galleria International Realty represented Mr. Mayweather in the transaction.

This latest addition to Mr. Mayweather’s real estate portfolio joins a luxury mansion in Las Vegas that the boxer bought in 2018 for $10 million and a modernist-style estate by French in Beverly Hills that he bought in 2017 for $26 millions of dollars.

Mr Mayweather, who won a bronze medal at the 1996 Olympics in the featherweight division, retired in August 2017 with an undefeated record.