It’s a mad world, but there is no denying that sports stars can have a drastic impact on the city in which they reside. The current contract that LeBron James signed with Miami Heat is just the latest example of the influence fame and fortune can bring to any city. The Sunshine State is already experiencing huge shifts in tourism, with hotels filling and restaurants seeing larger crowds. Everyone has been hearing about Miami in the news, and they figure that it’s just about time to see what all the fuss is.

James has reportedly chosen a home in Coral Gables that sold for 49.5 million dollars. This real estate purchase has elevated the Miami real estate market profile and has encouraged other residents and investors to begin making their own real estate purchases once more. The effect has been startling, with housing prices seeing quite a jump since the star first announced his intentions to join the city’s esteemed basketball team.

Miami homes

have long been known for unmatched luxury with water views and even private beaches as well as the playground for the rich and famous. However, the recent downturn in the economy didn’t leave the city untouched. With stars like LeBron James calling Miami home, the city has experienced a new breath of life. Restaurant and resort owners are taking advantage of the newfound attention, and the real estate market is right behind them.

Housing prices in Miami are still well below their peak, so there is still plenty of time to snatch up houses for residential or investment purposes. There are sill great deals available, so it is possible to purchase property before the prices reach their previous levels. Take advantage of the improving market in Miami, and then remember to thank stars like LeBron James when your investment pays off exponentially in just a few short years.