You may have heard that the luxury real estate market has substantially cooled off from just a year ago, and that loan rates are skyrocketing. Rapper Lil Wayne is still pursuing a high price for his Miami Beach island property, despite these obstacles.
Lil Wayne has put a $29.5 million price tag on his 10,600 square foot waterfront property in Miami.
Having purchased the house in 2017, after it was built on spec, he is the first owner. The lot was purchased by the spec builder for $4.4 million in 2013, and the project took around four years to finish due to building costs totaling milliоns of dollars. December 2018 saw Lil Wayne finalize on the deal, having paid $16.75 million. Thus, on less than four years of ownership, Weezy would be looking at an almost $13 million profit if everything goes according to plan.
Located in the center of Biscayne Bay on Allison Island, the amazing mansion occupies a 24,000 square foot site. Besides the seven bedrooms These two video tours showcase every amenity that one may anticipate from a high-profile celebrity’s Miami residence, including:
Six months prior to purchasing the estate mentioned above, Lil Wayne turned down a $10 million offer for a home on La Gorce Island near Miami. Regretfully, such offer represented a substantial drop from the $18 million offer price he had first requested in October 2015 and a $1.6 million LOSS in comparison to the $11.6 million purchаse price he had paid in August 2011.
There were several reasons why that former mansion was notorious. To start with, it had a shark-filled lagoon and a roof-top skate park. This is also the location where Lil Wayne was the target of multiple swatting events, which grew so frequent that Miami Police Department started contacting Wayne directly before dispatching the cavalry.
It’s unclear if Lil Wayne has already bought a Miami property or plans to do so. He spent $14.5 million for a mansion in Hidden Hills, a highly suburban area of California, a little more than a year ago. Maybe he’s had enough of Miami’s party scene and Florida life?
