Cleveland Cavaliers' LeBron James buys Los Angeles home

LOS ANGELES, Nov. 10 (UPI) -- The King paid a king's ransom of $21 million for a Los Angeles mansion, according to Variety Magazine.

LeBron James recently sold his Miami home for $13.4 million last August.

"This is not a basketball decision," a source told ESPN. "He enjoys L.A. as a vacation spot and as a place to relax in the offseason."

James has a player option of $24 million next season. He could decide to opt out of the option to become a free agent next summer.

"The purchase of the home was related to James' affinity for southern California and his off-court business opportunities there, and not to basketball," a source told Cleveland.com's Joe Vardon.

The 9,350 mansion is in the city's luxurious Brentwood neighborhood. Mansion specialist Ken Ungar designed the home; which was build in 2011, according to Variety.

"He likes L.A., he plans on spending time there in the summer, and he has a growing number of business opportunities," a source close to James told Cleveland.com. "No one should read this as any indication about basketball. It's a vacation house."

The home has six bedrooms and seven bathrooms.

"The stone and white brick-clad exterior gives way to a voluminous foyer flanked by ample living and dining rooms, both with fireplaces and honey-toned wide-plank wood floors," Variety's Mark David wrote. "Less formal family quarters include a cook-friendly kitchen fitted with slab marble back splashes and every high-quality stainless steel appliance known to mankind, a breakfast nook set into a window-lined semicircular bay, and a family room that spills out through a bank of French doors to the backyard."

"The master bedroom shares a two-way fireplace with a private sitting room, and additionally offers a snazzy marble bathroom and private terrace," David wrote. "Deep verandas for al fresco lounging and dining overlook a slightly compact backyard decked out with a lap-lane swimming pool, open air cabana, and long, slender deck with panoramic sunset views over mansion-dotted mountains."

James' 35,000-plus sq. ft. house in Akron, Ohio is valued at about $9,684,970, {link:according to Cleveland.com. : "http://www.cleveland.com/akron/index.ssf/2014/08/lebron_james_house_proposed_to.html" target="_blank" title="Cleveland.com on James' Akron home"}