Floyd Mayweather Jr., the former boxing champion, paid $18 million for a stunning new waterfront property near Miami Beach. The modern three-story house is located in the affluent, gated neighborhood of Palm Island. Realtor.com data shows that the average asking price for a home there in July was $21 million, a shocking 200% rise from the same period in 2020.At $915 million over ten years, Floyd Mayweather, 44, was named the highest-paid athlete of the decade by Forbes in 2019. According to property records, he bought the house last week through a Nevada limited liability corporation, of which he serves as manager.

According to the listing with Douglas Elliman’s Dina Goldentayer and Ana Viyella, who declined to comment on the sale, his opulent new home is 10,853 square feet in size and offers unhindered views of the city skyline, passing cruise ships, and the sought-after city sunset.

According to the description, the nine-bedroom home was designed for both inside and outdoor recreation. Along with modern, minimalist decor, it has an elevator, a huge entertainment space, a gym, a game room, an indoor movie theater, and smart home technologies.

A private dock that can hold boats up to 100 feet, a pool, a four-car garage, and a roof deck are also included.