ray allen*Man, does Miami Heat sharpshooter Ray Allen have expensive taste. And fortunately he can well afford it.

The 37-year-old guard, an ex-Boston Celtic who signed with the World Champs over the summer, is living in a $50,000-a-month rental in one of South Florida’s most exclusive island enclaves, according to Jose Lambiet’s Gossip Extra.

The nine-bedroom, 10-bathroom Mediterranean mansion opens up on a private beach fronted by a private bay in the gated Coral Gables neighborhood of Tahiti Beach.

Other features include formal dining and living rooms, sitting room and a custom library; marble and wood flooring; an elevator; a master suite with double door entry with a  private sitting room and terrace, exercise room, sauna and spa bath.

“It’s as exclusive, secluded and luxurious it gets in South Florida,” said realtor Philippe Diener, who works the Coral Gables area.

Read/learn more at Gossip Extra.

Check out a video tour of Ray Allen’s South Florida home: