Lil Wayne is looking to rake in millions of dollars with the sale of his waterfront Miami Beach mansion.
The Grammy Award winning rapper, whose legal name is Dwayne Michael Carter Jr., listed the seven-bedroom, nine-bathroom and two-half-bath home at 6480 Allison Road for $29.5 million. That’s about 75 percent more than he paid for the mansion four years ago.
The 10,632-square-foot home sits on a just over a half-acre lot on Allison Island with 110 feet of water frontage, a pool and cabana. Spec home developer Laurent Harrari built the mansion in 2017.
6480 Allison Road (Become Legendary/Douglas Elliman Realty)
Lil Wayne paid nearly $17 million for the estate in 2018, records show.
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Cyril Matz of Douglas Elliman is the listing agent. The Wall Street Journal first reported the listing.
The mansion includes a movie theater, a wine cellar and a great room with 22-foot ceilings.
6480 Allison Road (Become Legendary/Douglas Elliman Realty)
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.
In January, Alan Courey, a kitchen, bath and flooring mogul, sold his waterfront home next door to Lil Wayne’s Allison Island property for $16.5 million, records show. The house, at 6470 Allison Road, was built in 1939 and is likely a teardown.
Though home sales have slowed in recent months, celebrity buyers and ultra-high net worth individuals are still closing on deals. Billionaire hedge fund manager Ken Griffin paid $106.9 million for Adrienne Arsht’s waterfront Miami estate this month, near the site of his planned headquarters for Citadel.
And in August, Christian Slater sold his Coconut Grove home for 10 percent above its asking price following a bidding war.