Floyd Mayweather Dropped $7.7 Million in Cash on This Miami Beach Home

Residents on Miami Beach's exclusive La Gorce Island have a new neighbor: retired boxing champ Floyd Mayweather. The pugilist recently bought a newly built home on the island and paid its $7.7 million price tag in cold, hard cash.

The modern home makes liberal use of white surfaces, steel, and glass throughout its 5,200 square feet. The home features five bedrooms, five bathrooms, and an infinity pool. There's also a dock in the backyard that can accommodate a sports yacht. The listing described the pad as a "Zen retreat on the water," because, you know, "Zen" is the first thing Mayweather has in mind when he buys a home. 

Take a look for yourself: 
The home was completed in 2015 and had an original listing price of $8.49 million. So Mayweather may have gotten himself a bit of a cash discount, but that's still just a fraction of the reported $180 million he made fighting Manny Pacquiao last year alone. Real Deal Florida first reported the sale

In case you're wondering, below is the relatively more modest home that was torn down to build the Zen retreat. The land and old home were last sold in 2012 for $2,314,750. The previous owners were Nick and Nadia Di Donato. The Di Donatos run Liberty Entertainment Group, a restaurant and entertainment management firm. Locally, they operate Cibo Wine Bar. The couple oversaw the rebuilding of the home before putting it back on the market. 

Before Mayweather scooped it up, the home was also listed for rent for $35,000 a month.

This isn't Mayweather's first Miami home. He also owns a multimillion-dollar penthouse at the Condos at Saint Tropez in Sunny Isles Beach. He flirted with selling the condo in 2014, originally listing it for $2.6 million, but decided to keep it after his lucrative fight with Pacquiao. 

Mayweather also owns a megamansion in Las Vegas. That home has its own dedicated Instagram account, @BigBoyMansion. "This mansion speaks because it was paid in cash," the account's description reads. 
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Kyle Munzenrieder