The buzz around town is that rap artist Lil Wayne has officially cut ties with his luxurious Miami Beach mansion. The Allison Island property was listed for a jaw-dropping $30 million in September but did not garner any offers.
After lowering the price to $28 million in September, the Miami Beach waterfront home finally found a buyer with a final sales price of $22 Million. The 10,600-square-foot mansion was built in 2017 and included seven bedrooms, nine bathrooms, a movie theater, a private terrace, and a wine cellar. It also has 110 feet of private water frontage, a pool, and a cabana overlooking exceptional water views.
Lil Wayne had owned the property since 2018, when he purchased it for $17 million. After selling it for over double what he had paid in such a short time, he made a hefty profit. This excellent Miami Beach mansion investment move by Lil Wayne should inspire all of us.
Lil Wayne’s Miami Beach mansion also features two kitchens: a central kitchen with custom Italian cabinetry and Sub-Zero and Wolf appliances as well as a chef’s kitchen with separate staff quarters for live-in staff.
The mansion’s luxurious amenities are a three-car garage, an elevator, and 22-foot ceilings. We have no doubt that whoever purchased Lil Wayne’s Miami Beach mansion will be extremely happy and enjoy the incredible views from this private island paradise.
Lil Wayne is not the only celebrity who owns exclusive Allison Island property. Louis Vuitton CEO Michael Burke, singer Shakira, and rapper Pitbull also own properties on the island.
For those in the know, there’s no better hideaway than Allison Island. This exclusive tropical paradise has become the destination for many of the world’s most well-known celebrities and business moguls.
Beyond its irresistible island charms, the promise of total privacy continues to draw elite visitors from all around. Whether looking for rest and relaxation or a place to host private events, Allison Island provides spectacular views unparalleled to any other spot in Miami Beach. 24-hour security keeps everything safe and sound, giving residents complete peace of mind.
Lil Wayne has set the bar high for luxury living in Miami Beach, and we’re sure he will continue to wow us with his investments. According to Josh Stein, a luxury real estate agent in Miami, “Lil Wayne’s sale of his mansion on Allison Island proves that Miami is one of the hottest luxury markets for celebrities in the world and is a great place to invest in real estate.”
He adds, “With its endless sunshine, vibrant culture, and stunning beaches, Miami is the perfect place to invest in real estate.”
We’re sure Lil Wayne will continue to be a trendsetter regarding real estate investments. Now that he’s sold his Allison Island property, we can’t wait to see what other exciting projects he has coming.
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