King James has a new palace.

The Miami Herald reports that first-year Miami Heat star LeBron James purchased a three-story mansion overlooking Biscayne Bay in Coconut Grove, a neighborhood of Miami, Fla., for $9 million.

County records show the sale closed on Nov. 12 and was first reported by real estate broker Alex Shay on Nov. 19 on his Miami Real Estate Blog.

The 12,178-square-foot estate has six bedrooms and eight and a half bathrooms. The house also has a wine cellar, library, home theater, three-car garage and guest house.

It also includes an infinity pool, bar and a dock that can fit two 60-foot yachts.

Records show the home was purchased by Suite 823 Investments Florida LLC.

According to the Associated Press, Suite 823 is the Cleveland headquarters of LRMR Marketing, a company James founded with Maverick Carter and two other friends. The news was reported earlier by The South Florida Business Journal.