Lifestyle Home LeBron James Buys $37 Million Beverly Hills Estate Once Home to Katharine Hepburn The estate was most recently owned by The Young and the Restless co-creator Lee Phillip Bell, who died in February By Ally Mauch Published on October 2, 2020 11:42AM EDT Photo: Slaven Vlasic/Getty Images; Glasshouse Images/Shutterstock LeBron James has purchased a $36.75 million Beverly Hills estate, previously owned by Hollywood legend Katharine Hepburn. The Los Angeles Lakers star officially closed on the lavish home Wednesday, Variety reports, though news of the deal was first reported in July. The 2.5-acre property was sold by the estate of Lee Phillip Bell, The Young and the Restless co-creator who died in February. It was originally listed in April for $39 million, meaning James got a roughly 6 percent discount. The Mediterranean-style villa has a long history of both famous and non-famous owners. It was first built in the 1930s by Oscar-winning actor Charles Boyer and later bought by Hollywood studio RKO pictures. LeBron James of the Los Angeles Lakers during Round 1, Game 4 of the NBA Playoffs on August 22, 2020. Jesse D. Garrabrant/NBAE/Getty See Inside the $9 Million L.A. Home Once Rented by Katharine Hepburn in the 1930s RKO owner Howard Hughes then lent out the property to Hepburn, who lived there for several years during her famed Hollywood career. Hepburn eventually moved out, and the home had unknown owners until Bell and her husband William J. Bell purchased it in 1986 for $2.9 million, according to Variety. They renovated and upgraded the expansive property, which includes two detached guesthouses, multiple outdoor dining and entertainment areas, a swimming pool, pool house and tennis court. RELATED VIDEO: Kacey Musgraves Selling Nearly 100-Year-Old Nashville Home amid Ruston Kelly Divorce Pierce Brosnan and Wife Ask $100M for Longtime Malibu Home Where They Raised 2 Sons — See Inside! The luxurious 9,100-square-foot main house offers sweeping views of the city, two bedrooms with en suites and seven fireplaces. The Beverly Hills estate is the third L.A.-based home for James, who is currently playing in the NBA finals in the Orlando bubble. In 2015, the athlete purchased a house in Brentwood for $21 million and two years later bought another in the same neighborhood — his primary residence — for $23 million, according to the Los Angeles Times.