Rapper Fat Joe Selling Florida House for $1.9M

1203 NW 121st Ave., Plantation, FloridaRapper 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.

The 39-year-old rapper, born Joseph Cartagena, has his tenth album, "The Darkside Vol. 1" set for release on June 29. He's also known for having a feud with New York rapper 50 Cent, has been arrested for assault, and named a witness in two murder cases. And he's got good taste in real estate.

The house is a heck of a property to look at. According to the blog the Real Estalker, Joe bought the one-acre vacant lot in May 2000 for $115,000. He hired LM Architect & Associates to design and build a Mediterranean-meets-modern style mansion that was completed in 2009. The home has 5,342 square feet with four bedrooms and 3.5 bathrooms among the main house and a second-floor guest house.

The home is listed by Katrina S. Campins, who starred in the first season of the TV show "The Apprentice" and is a real estate agent. Campins' listing describes it as the "ultimate entertainer's home," and she's probably right.

1203 Nw 121st Ave., Plantation, FlaFat Joe has taste. The home has limestone floors with wood inlay, a master ensuite with three walk-in dressing rooms with extensive built-ins, hydro whirlpool tub and spa, huge steam shower, modern kitchen with Wolf Subzero refrigerator, and a pool and hot tub in the back yard to keep the party going.

The home also has an upside-down wedding-cake shaped crystal chandelier, and an entire wall covered floor to ceiling with shimmery mother-of-pearl tiles.

The home theater alone might be enough to sell the house. It has $50,000 worth of oversize ivory-leather power seats (10 in all), a 100-inch screen and a sound system.

The master suite is a big carpeted room with French doors; three walk-in closets or dressing areas with extensive built-ins; and a bathroom with a double vanity. Its big hydro whirlpool tub is set into a raised platform by a bay window. It also has a steam shower and a chandelier that looks like a piece of art.

The Plantation, Fla. home is in an upscale neighborhood just west of Fort Lauderdale and next to the Everglades. Similar homes for sale in the neighborhood have an average asking price of $1,360,212, although homes near Fat Joe's are much higher, and larger.

To the west of the property is a 9,200-square-foot home for sale at $2.9 million, with seven bedrooms and five bathrooms. In the other direction is an 8,774-square-foot home for $2.4 million with five bedrooms. There are also cheaper homes for sale in the area, and by cheaper we mean relatively cheaper. Homes nearby, such as a 4,083-square-foot home with five bedrooms and five bathrooms at 1050 120th Ave. is on the market for $1.09M.

See more great homes in Plantation, Fla., at AOL Real Estate.

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Latoya Rutledge

When it comes to selling real estate, one of the most difficult and frustrating situations for sellers is when market conditions make it nearly impossible to sell at the desired price point. A high initial listing price might be because the seller simply has an unrealistic idea of how their house stacks up against the competition in the area, or because the owner needs to sell for a set minimum price in order to pay off their loan against the property.

With traditional property sales methods, the only way to prevent the property from sitting on the market indefinitely is to keep dropping the price. Unfortunately, this technique doesn't always work - especially if the seller is unwilling to "discount" their house by much.

In areas flooded with homes for sale, reducing the asking price slightly will not bring the desired result. In fact, it's common that the property will continue to sit on the market without offers, alongside the multitude of other unsold properties with similarly reduced prices.

April 19 2011 at 5:26 PM Report abuse rate up rate down Reply