Floyd Mayweather paid $7.7 million in cash for a Miami home

Floyd Mayweather teased on his Instagram that he purchased a swanky new residence in Miami with a photo of two Bugattis in the driveway, and the Los Angeles Times has the details of the sale. Mayweather dropped $7.7 million in cash for the 5,200-square-foot home, which was built last year and was originally listed for $8.49 million. 

The home has four bedrooms and five bathrooms, a 600-square-foot pool and a private dock.