Lil Wayne Lists Miami Mansion for $12.9M

lil wayneRapper Lil Wayne wants to, or maybe just needs to, unload his Miami mansion on La Gorce Island, Fla., that he purchased early last year for $14 million. He is asking $12.9 million for a possible quick sale given he has an Internal Revenue Service tax lien hanging over his head.

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.
The 9-bedroom, 9 full-bath, glass, steel and marble modern residence has a two-story master suite accessible by a glass elevator and two half baths. The living room truly has a floor-to-ceiling wall of glass, which stretches the full length and height of the open space.

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 Search Homes for Sale 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.

Lil Wayne's Miami mansion has a large wall of glass. See more interior and exterior photos in our gallery.

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.

More on AOL Real Estate:
Find out how to
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property tax help from our experts.

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The only thing attractive about that home are the Royal Palm Trees in the yard. What a contemporary disaster.

April 08 2011 at 3:21 PM Report abuse rate up rate down Reply

As a CPA, I would say it has to do with poor money management. He is young enough to recoup whatever he has to sell. He has talent...he will be able to do well again.

April 08 2011 at 1:54 PM Report abuse rate up rate down Reply
Gail Le.Verne

How can you hate on Lil Wayne tax problem and buy tickets for Charlie Sheen the DRUG ADDICT that many people are making him bigger than life. Lil Wayne get up and handle your business and move on to bigger and better things. I feel sorry for Charlie Sheen instead of his supporters trying to get him rehabilitation they are supporting his habit. Wake Up Haters!!!!!!!!!!!!!!!!!!!!!!!!!

April 08 2011 at 4:01 AM Report abuse rate up rate down Reply
Unknown Subject

How very Miami Vice.

April 08 2011 at 3:43 AM Report abuse rate up rate down Reply

get a smaller home, save your money and use H and R Block to do your taxes EVERY year. It does not take a financial planner to put your money in savings.

April 08 2011 at 3:38 AM Report abuse rate up rate down Reply
papi chulo

I'd let Wille come over before this getto thug and I'm not even white. Do you really think this fool really own's any of these property's the record company's do!!!

April 08 2011 at 2:54 AM Report abuse rate up rate down Reply

Does AOL have a policy that only racist people can leave comments? Every time there's a black man in the news, all the raceists gotta make comments that don't even pertain to the story. It sickens me... and I'm white.

April 08 2011 at 1:51 AM Report abuse rate up rate down Reply

If you cant say your an Butt opening I Will Butt opening!

April 08 2011 at 1:46 AM Report abuse rate up rate down Reply

Very smart Lil Wayne; sell your house, pay your bill. You're both young and talented enough to continue with the same great success you've had; only this time get phenomenal accountants. Proud of what you've done for your self, and would hate to see you end up like other successful people have. All the best!

April 08 2011 at 12:25 AM Report abuse -2 rate up rate down Reply

Lil Wayne should go to jail, he sucks the big bodini.

April 07 2011 at 11:54 PM Report abuse +2 rate up rate down Reply