LeBron James has demolished his $37million mansion in Los AngelesCredit: Splash

The NBA great has a huge plot of land overlooking Beverly HillsCredit: Splash

He has received permits to rebuild on the site of his old mansionCredit: Splash

Work has begun on building James’ dream home in Los AngelesCredit: Splash

James, 38, only purchased the property in 2020 but has torn it down.

Exclusive photos show the bare patch of land on a hillside overlooking the exclusive Los Angeles neighborhood.

And The U.S. Sun understands permits have been granted for building work to begin on James’ new home.

The Lakers isn’t short of a place to stay in Hollywood as he owns two $20million mansions in Brentwood.

His Beverly Hills home was purchased for $2million less than the $39million asking price back in 2020.

Built in the 1930s, the four-bedroom compound spanned across a 2.5-acre land with a view of both Beverly Hills and the Pacific Ocean.

It came with eight bathrooms, two detached guesthouses, seven fireplaces, a tennis court, a movie theater, a swimming pool, and a pool house.

A hedged-lined driveway led to a large motor court approaching the Mediterranean-style abode.

But the NBA legend has his eyes on bigger things as work begins on his dream home.

James has been enjoying a vacation in Europe – where he was seen at the LeMans 24-hour race in France.

The four-time NBA champion dropped a number of retirement hints after the Lakers’ season ended in a playoff sweep by the Denver Nuggets.

He recently wrote on Instagram stories: “I’m suppose to be #1 one on everybody list. We’ll see what happens when I no longer exist.”

And, after losing to the Nuggets, he told reporters: “Just personally, with me moving forward with the game of basketball, I got a lot to think about.

Asked to clarify what exactly he wanted to think about, LeBron responded: “If I want to continue to play.”

LeBron James is a four-time NBA champion and regarded by many as one of the best to ever play the gameCredit: Getty