LeBron James is trying to buy Alan Potamkin's house in Coral Gables at 11 Casuarina Concourse, according to reports heard all over Miami today. Priced at a cool $49.5 million, Mr Potamkin has been trying to sell the property since April 2009.

The one-of-a-kind breathtaking 8 bedrooms, 11 bathrooms estate on the open bay waterfront is situated on the finest lot in exclusive, gated Gables Estates. This 20,088 square feet grandiose home boasts 800 linear feet of waterfrontage and sits on a 3.6 acres lot, with a 100 feet dock to accommodate up to a 150 feet yacht.

There is a private guest suite with a lighted tennis court and courtyard on its own acre of land. Three suites with full baths, an upstairs master suite with a full gym, a billiard and media room are just a few of the featured highlights. Luitron lighting and a 12 camera security system are installed throughout this estate.

LeBron James, for those of you who haven't heard, is one of the NBA's finest basketball players. He announced 2 just hours ago that he is coming to Miami to play for the Miami Heat. The Miami Heat hope that LeBron will help to bring an NBA championship to the city.

Alex Shay is a Miami local & real estate blogger. You can read more of his work online at Miami Real Estate.