A luxury waterfront mansion once owned by boxing legend Floyd Mayweather has been sold in Miami Beach for $18.5 million, nearly $3.5 million less than the price it fetched when the former world champion sold it less than two years ago.
According to property records, the eight-bedroom estate on the exclusive Palm Island changed hands after being listed for just under $23 million.
The property was sold by a company linked to businessman Josh Gotlib, whose firm purchased the home from Mayweather in 2024.
Luxury Home Features
Situated on approximately one-third of an acre, the waterfront residence spans more than 10,800 square feet and includes:
- Eight bedrooms
- Private waterfront dock
- Swimming pool
- Indoor movie theatre
- Fully equipped gym
- Parking for up to 10 vehicles
Despite the lower selling price, luxury real estate agents say demand for high-end homes in Miami remains strong.
Douglas Elliman broker Oliver Lloyd said premium waterfront properties continue to attract wealthy buyers despite limited inventory.
The property transaction has also become part of a broader legal dispute involving Mayweather.
Around the time the boxing star sold the mansion, he invested in a Manhattan affordable housing portfolio connected to Gotlib.
That investment now forms part of Mayweather’s $175 million fraud lawsuit against former adviser Jona Rechnitz and others.
In court filings, Mayweather alleges he was defrauded through unauthorised real estate transactions, refinancing deals and other financial arrangements.
Rechnitz has denied the allegations, arguing that Mayweather’s financial difficulties are the result of excessive spending rather than fraud.
Financial Challenges Continue
The mansion sale comes amid a series of legal and financial challenges involving the retired boxer.
In recent months, Mayweather has reportedly faced:
- A $7.3 million IRS tax lien.
- Lawsuits over unpaid rent and luxury purchases.
- Legal disputes involving private jet services and child support.
- Criminal charges in Nevada related to allegations surrounding a luxury watch purchase.
At the same time, Mayweather has launched several legal actions of his own, including lawsuits seeking hundreds of millions of dollars against former business associates and media companies.
Away from the courtroom, Mayweather has continued exploring exhibition boxing opportunities during 2026.
However, a planned exhibition bout against Mike Zambidis was cancelled following legal disputes involving the event promoter, while his long-discussed rematch with Manny Pacquiao has reportedly been postponed indefinitely due to contractual disagreements.
Although the latest property sale represents another chapter in Mayweather’s ongoing business affairs, demand for luxury homes in Miami’s exclusive waterfront market remains resilient despite broader economic uncertainty.
Main Image: The Business Journals
