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In December 2020, Anthony Davis inked a five-year, $190 million contract with the Los Angeles Lakers, marking the most profitable phase of his career. Fresh off a championship victory with LeBron James, Davis solidified his status as one of the NBA’s top earners and invaluable players.
Not long after sealing the deal, Davis ventured into the real estate market in a significant way.
In 2021, Davis shelled out $31 million for an expansive estate in the exclusive, guard-gated community of Bel Air Crest, known for its privacy and grandeur. This purchase seemed to align with his intentions to settle in Los Angeles for the foreseeable future.
However, that chapter appears to be closing now.
Davis has secured a buyer for the property, which was listed at nearly $40 million. Although the actual sale price hasn’t been revealed, if it comes close to the asking figure, Davis stands to make a considerable profit.
A Purchase Tied To Peak Earnings
The timing of this acquisition highlights Davis’s financial and professional standing at that moment.
After beginning his career on a rookie-scale deal, he signed a five-year, $127 million extension with the New Orleans Pelicans in 2015. His move to Los Angeles elevated both his profile and income, culminating in the 2020 contract that guaranteed nearly $200 million.
The Bel Air property matched that level of earning power.
Set on more than three acres, the estate spans roughly 17,000 square feet with eight bedrooms and 12 bathrooms. The layout includes a dramatic glass-domed entry, a theater, wine cellar, game lounge, gym with massage room, and a full-service barber shop. Outdoor features include an infinity pool, tennis court, batting cage, cold plunge, and multiple entertaining spaces. The motor court and garage can accommodate more than 30 vehicles.
The property was designed for scale, privacy, and amenities typically found in high-end resorts.
Hundreds Of Millions In Career Earnings
Davis’s real estate decisions sit within the broader context of his earnings.
In 2023, the Lakers signed him to a three-year, $186 million extension, one of the richest deals in league history on an annual basis. By the end of the 2025–2026 season, his total NBA salary earnings are expected to reach approximately $364 million.
Off the court, Davis has maintained a steady endorsement portfolio. His long-term deal with Nike anchors a group of partnerships that includes Ruffles, ExxonMobil, Red Bull, Beats Electronics, and Foot Locker. Those deals have added an estimated $5 million to $9 million per year, pushing his total career earnings toward the $430 million range.
That level of income made a $31 million home purchase a relatively small percentage of his overall financial picture.
A Rapid Change In Circumstances
In 2025, Davis was traded to the Dallas Mavericks in a blockbuster deal. Not long after, he was moved again to the Washington Wizards, creating an unusual stretch of back-to-back relocations for a player of his stature.
Owning a large estate in Los Angeles became less practical under those circumstances.
He listed the home in 2025 for $39.9 million. Like many ultra-luxury properties, it took time to find a buyer willing to meet the price in a market where demand at the very top has become more selective.
The Hidden Cost Of Holding A $40 Million Estate
Beyond geography, the raw cost of carrying a property like this has become a major factor:
- Property taxes: ~$440,000 – $500,000 per year under Proposition 13
- Homeowners insurance: ~$80,000 – $150,000 per year
- Wildfire insurance (or FAIR Plan + supplemental): ~$150,000 – $400,000+ per year
- Earthquake insurance: ~$40,000 – $100,000 per year
- Maintenance, utilities, security, and staffing: ~$250,000 – $700,000 per year
Estimated total annual carrying cost: roughly $1 million to $1.8+ million per year
For a player no longer based in Los Angeles, those ongoing costs can outweigh the benefits of holding the asset.
No word yet on the identity of the new buyer who just plunked down $39 million and is signing up for $1-2 million a year in ongoing costs 🙂
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