Lil Wayne puts his Miami Beach mansion up for sale at $29.5M (photos)
Rapper, Lil Wayne has put his Miami Beach mansion up for sale after spending $17 million on the estate in 2018.
According to a Tuesday, September 27 report by The Real Deal, the platinum-selling rapper listed the seven-bedroom, nine-bathroom, and two-half-bath home at 6480 Allison Road for $29.5 million, roughly 75 percent more than he paid for it four years ago.
Built by developer Laurent Harrari in 2017, the expansive property boasts a 10,632-square-foot home, more than a half-acre lot on Allison Island, 110 feet of water frontage, a pool, movie theater, wine cellar, and 22-foot ceilings.
Lil Wayne previously sold his home on nearby La Gorce Island for $10 million, about $1.7 million less than his purchase price, in 2017. The property featured a skate park on the roof and a shark lagoon.
Last year, he splashed $15.4 million on a lavish estate in Hidden Hills, California, making him neighbors with Kanye West, The Weeknd, Kylie Jenner, and other celebrities.
The news comes after Wayne celebrated his 40th birthday over the weekend.
Five years ago, Lil Wayne sold his house on nearby La Gorce Island for $10 million, about $1.7 million less than his purchase price a year earlier, records show. That property, which featured a skate park on the roof and a shark lagoon, was the subject of a swatting incident, where police were falsely sent to the home.
On Allison Island, recent trades include developer Todd Michael Glaser and his partners Scott Robins and Jonathan Fryd’s $7.9 million purchase of a waterfront lot on the other side of the island. Glaser plans to build a 10,000-square-foot mid-century modern style mansion on the property, he said last month.