From TheRealDeal.com…
Former boxing champion Floyd Mayweather Jr. beat other buyers to the punch with the $18 million purchase of a waterfront Miami Beach mansion.
Mayweather acquired the Palm Island home, with an indoor movie theater, gym, dock, pool and space for about 10 cars, on South Coconut Lane. The nine-bedroom, 10.5-bathroom estate was most recently asking $19.9 million.
Candido and Anabella Viyella sold the property on a third of a acre to Fojoso LLC, a Nevada entity managed by Mayweather, records show. The 10,853-square-foot house was built in 2011.
Candido, a former Morgan Stanley managing director, was reportedly barred from the financial advisory industry earlier this year, according to CityWire Americas. He retired in December.
