Floyd Mayweather Sells Miami Beach Mansion For $22 Million
ByJoseph Gibsonon December 12, 2024inArticles›Celebrity Homes
Floyd Mayweather, Jr. has really been racking up real estate headlines in the last couple of months. First, he put his Los Angeles mansion up for sale with an asking price of $48 million , and then he was reported to be investing over $400 million in a huge affordable housing complex in New York City . Now, the retired boxer has sold his mansion located on a third corner of the United States, in Miami Beach, in an off-market deal.
The sale price was $22 million, a nice profit compared to the $18 million Mayweather spent on the property back in 2021. Also worth noting is that neither sale was a straight cash transaction, as the unknown buyer of the mansion will be assuming a $13 million mortgage on the property (in case you’re interested, the monthly payment on the mortgage comes to almost $98,800).
The home itself is pretty much what you would expect a Miami Beach home belonging to Floyd “Money” Mayweather would be like. It’s got 9,094 square feet of living space stacked on three stories right on the water, tucked away in the gated community of Palm Island. It boasts all the usual amenities, including a movie theater, a gym, a game room, and even an elevator, but its most impressive feature is probably the 5,000-square-foot observation deck up on the roof. From there, you can take in views of the water and the nearby Miami skyline, views the listing notes are also at least partially present in the master suite, the kitchen, and on the deck of the swimming pool. You’ll also find an abundance of parking space with four separate garages, as well as a private dock, on the property.
You pretty much need to see it for yourself, so it’s a good thing you can do just that in the video below:
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Floyd Mayweather’s Next Business Venture Will Look At Franchising Gyms Around The World
ByJoey Heldon August 4, 2018inArticles›Sports News
Floyd Mayweather capped off his career with a perfect 50-0 mark. His final fight, against Conor McGregor last August, earned millions from merchandise, ticket sales, and pay-per-view buys. But Mayweather, always the businessman, isn’t resting on his laurels.
He’s turning to franchising gyms. Mayweather plans to license his name and training program. The boxer hopes to have a total of 500 gyms in the next three to five years, with half being outside of the United States. He also is developing a virtual reality training system.
Potential franchisees would pay $25,000 and give six percent of all income back to Mayweather. Then there are the gym costs, which range anywhere from $70,000 to $200,000 based on whether the gym already exists or needs to be completely built from the ground up.
Vivien Killilea/Getty Images Idol Roc
Mayweather’s gyms will offer training sessions you’ll find in other gyms, like boxing and speed and agility classes. But the VR potential is the real draw. Gym members can train with one of the best in a virtual environment. That just may help them get the results they need.
As for Mayweather, this is a foray into a new area of business. Franchising has always been an interest of his. Now he’ll get to put it to the test.
If the results are anything like his boxing career, consider it a huge success.
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