News: Lil Wayne's Bed Rocks, $12 Mil Mansion On The Market

Wednesday, Apr 13, 2011 12:50PM

Written by Biz Jones

Young Money's Lil Wayne is looking to make some fast cash as new reports claim he has just placed his Miami mansion on the real estate market for nearly $13 million.

Although he purchased the home for $14 million last year, Wayne is slashing its price.

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. 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. (AOL Real Estate)

Real estate agent Andre Shambley is confident Weezy will find a reasonable buyer.

"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...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. 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." (AOL Real Estate)

The rapper is not alone as his "Make It Rain" collaborator Fat Joe also put his Florida mansion up for sale last year.

Rapper Fat Joe is selling his Plantation, Fla., home for $1,999,000, which could be considered a deal when compared to neighboring houses for sale, and by how much he dropped the price about eight months ago. His house at 1203 NW 121st Ave. was priced at $2,399,000 in October 2009, but in December 2009 the price dropped $400,000, or 16.7 percent, to the price it remains today. (Housing Watch)

Earlier this month, Wayne's tax debt files leaked across the Internet.

Platinum-selling hip-hop star Lil Wayne is in town tonight, live at the Palace. Don't be surprised if the IRS is waiting backstage to collect on a brand new $5.6 million tax bill. The IRS filed the enormous tax lien against him Monday in Miami. The IRS filed a $5,610,034 tax lien against Carter on March 28 with the Miami-Dade County Clerk. According to the lien, which you can see below, he owes income taxes from 2008-09. (Detroit News)

Check out some recent Lil Wayne footage down below:

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