arts
Floyd Mayweather’s former Miami Beach mansion trades at a loss
Summary by The Miami Editorial Desk · Based on reporting by Katherine Kallergis , The Real Deal
· July 20, 2026
· 1 min read
The former home of boxing champion Floyd “Money” Mayweather Jr. traded hands for $18.5 million, a loss compared to the property’s previous trade in 2024. An LLC tied to Black Spruce Management’s Josh Gotlib sold the 10,818-square-foot home at 288 South Coconut Lane in Miami Beach, according to prope
Story provenance No corrections
Summary created by The Miami Editorial Desk — automated, rule-governed Original reporting Katherine Kallergis, The Real Deal Original story Read at the source Source published Jul 20, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key takeaway That deal, previously reported as a $402 million sale, is part of the lawsuit that Mayweather brought against his former […]This article originally appeared on The Real Deal.
Why this matters in The Miami
The sale of Floyd Mayweather's former Miami Beach mansion at a loss of $3.5 million is a notable transaction in the city's luxury real estate market. The 10,818-square-foot home, located at 288 South Coconut Lane, is a significant property in a highly desirable area. The fact that it traded hands at a lower price than its previous sale in 2024 may indicate a shift in the market or a willingness by the seller to unload the property. This sale is also connected to Mayweather's investment in an affordable housing portfolio in Manhattan, which is currently part of a lawsuit. The intersection of luxury real estate and affordable housing investments is an interesting dynamic, particularly in a city like Miami where affordable housing is a pressing concern. The loss on the sale of this mansion may be a minor blip on Mayweather's financial radar, but it is a reminder that even high-end properties in Miami Beach are not immune to market fluctuations.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit The Real Deal . Have a tip or correction? Contact our newsroom .
Category: arts ·
Published: July 20, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? The former home of boxing champion Floyd “Money” Mayweather Jr. traded hands for $18.5 million, a loss compared to the property’s previous trade in 2024. An LLC tied to Black Spruce Management’s Josh Gotlib sold the 10,818-square-foot home at 288 South Coconut Lane in Miami Beach, according to prope
When was this published? This article was first published on July 20, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Katherine Kallergis at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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