The musician Lil Wayne just sold the oceanfront property he had in Miami Beach, Florida, for the sum of $22.583 million, according to the selling agent, Cyril Matz of Douglas Elliman.
The rapper, whose real name is Dwayne Michael Carter Jr., bought the modern house in 2018 for a price of $16.75 million, according to the property records. He listed it for sale in September at a price of $29.5 million, but he ultimately reduced it to $28 million.
Lil Wayne, whose real name is Dwayne Michael Carter Jr.
Mr. Matz, the person who brokered the purchase, refused to identify the identity of the buyer. It was immediately unsuccessful in contacting Mr. Carter for comment.
The property has approximately 110 feet of sea frontage and a dock and is located on Allison Island, a 35-acre island in Biscayne Bay. According to Mr. Matz, the home was built in 2017 and has around 10,600 square feet of space spread among seven bedrooms. There is also a home theater with suede wall coverings and a mahogany-paneled foyer. Sliding glass doors lead to the garden, which has a large pool.
The modern house is approximately 10,600 square feet in size
The site, which faces west and has a view of La Gorce Island, is one of the larger ones available on the island, according to Mr. Matz, and is around 0.5 acres in size. He asserted that the lot is a serious contender for the title of “the best lot” on Allison Island because of its size and location.
The ceilings are 22 feet in height
In general, he stated that purchasers have less of a sense of urgency than they had the previous year, but the market is still robust with limited inventory. “Properties that are priced correctly and in the right locations are selling,” he added. “People are buying.”
The kitchen
According to Miller Samuel, luxury single-family home sales in Miami Beach dropped 66.7% in the fourth quarter compared to the pandemic-fueled market in 2021. Luxury single-family house median prices rose 6.7% year-over-year. Mr. Carter, from New Orleans, owned a Miami Beach mansion with a shark lagoon and rooftop skate park. He made $10 million selling that in 2017. The musician announced his sixth “Carter” album.
The residence has seven apartments
The walls of the home theatre are covered in velour
The residence can be found on Allison Island in Biscayne Bay
In 2018, the rapper purchased the home for $16.7 million
