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SportsRelocation.com – Lil Wayne Puts Miami Mansion Up For Sale

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April 14, 2011   |  

Athlete Real Estate Broker, Miami Real Estate, Music Stars Homes   |  

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Home / Athlete Real Estate Broker / SportsRelocation.com – Lil Wayne Puts Miami Mansion Up For Sale

Rapper Lil Wayne wants to, or maybe just needs to, unload his Miami mansion on La Gorce Island, Fla., that he purchased early last year for $14 million. He is asking $12.9 million for a possible quick sale given he has an Internal Revenue Service tax lien hanging over his head.

The IRS says the rapper, whose real name is Dwayne Michael Carter, Jr., owes the government a total of $5.6 million, which breaks down to $3,351,078 owed for 2008 and $2,258,956 for 2009. Last year, he had liens against him for more than $1 million for the tax years 2004, 2005 and 2007.

Before purchasing his 15,101-square-foot home he had rented it for several months from a real estate developer, area real estate agent Andre Shambley of the ERA Herman Group told this AOL Real Estate contributor. While renting, Lil Wayne’s four-bedroom South Beach condo at the Murano Grande was on the market for $2.8 million to help pay off last year’s lien. The 9-bedroom, 9 full-bath, glass, steel and marble modern residence has a two-story master suite accessible by a glass elevator and two half baths. The living room truly has a floor-to-ceiling wall of glass, which stretches the full length and height of the open space.

In addition to the 2004-built three-level estate there is also a 3-bedroom guest house, a swimming pool, a 3-car garage and about 120 feet of water frontage on Biscayne Bay. See 16 photos in our gallery and a video below. “Most La Gorce Island homes have extensive water frontage that can accommodate large vessels. It’s perfect for

boaters,” says Shambley. “Celebrities as well as public figures who seek privacy are often attracted to La Gorce Island.”

Just under a year ago, an 8,284-square-foot home on the island sold for $7.4 million and a 10-bedroom one at 17,183 square feet, sold for $16 million.

“If you take into account recent home sales within the past 12 months on La Gorce Island Lil Wayne’s home is priced to sell,” says Shambley. “My prediction is that with the tax lien that is now looming, a buyer is going to come make him an offer he can’t refuse.”

Prior to his move to Miami, Lil Wayne had a place in his hometown of New Orleans, as seen on MTV Cribs (video below). He also called a U.S. prison cell as home for about a year after a weapon’s conviction.

In what some may say is an attempt to get the IRS off his back, Young Money CEO Lil Wayne has put his Miami mansion back on the market, after only purchasing it last year.

Wayne reportedly owes the Uncle Sam $5.6 million from money earned in 2008, and with that kind of debt, the first thing to go should be the 15,000 sq. ft, 9 bedroom, 9 bathroom mansion with an elevator. Though he bought the palace home for $14 million last year, he has re-listed it at $12.9 million.

Just in case you have a few millions to spare, check out the property below:



By Sheree R. Curry

http://www.SportsRelocation.com

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