The IRS says the rapper, whose real name is Dwayne Michael Carter, Jr., owes the government a total of $5.6 million, which breaks down to $3,351,078 owed for 2008 and $2,258,956 for 2009. Last year, he had liens against him for more than $1 million for the tax years 2004, 2005 and 2007.
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.
In addition to the 2004-built three-level estate there is also a 3-bedroom guest house, a swimming pool, a 3-car garage and about 120 feet of water frontage on Biscayne Bay. See 16 photos in our gallery and a video below. "Most La Gorce Island homes have extensive water frontage that can accommodate large vessels. It's perfect for See photos of homes for sale in your area and across the country on AOL Real Estate boaters," says Shambley. "Celebrities as well as public figures who seek privacy are often attracted to La Gorce Island."
Just under a year ago, an 8,284-square-foot home on the island sold for $7.4 million and a 10-bedroom one at 17,183 square feet, sold for $16 million.
"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," says Shambley. "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."
Prior to his move to Miami, Lil Wayne had a place in his hometown of New Orleans, as seen on MTV Cribs (video below). He also called a U.S. prison cell as home for about a year after a weapon's conviction.
Lil Wayne's New Orleans home as seen on MTV Cribs.
Check out the spiral staircase when you peek inside of Lil Wayne's Miami mansion.
Sheree R. Curry, who has owned three homes, is a three-time award-winning journalist who has covered real estate for six years. During her 20-year career, her articles have appeared regularly in the Wall Street Journal, TV Week, and Fortune. She's been writing for AOL Real Estate since 2009 from a Minneapolis-area rental. She seeks a book publisher -- or at least a lender who'll give a reasonable mortgage rate to a self-employed mom.