50 Cent’s massive home in Connecticut has finally sold after 12 years on the market — and it was no where near his original asking price.
The rapper, nee Curtis Jackson, couldn’t find a buyer for the 50+ room mansion for over a decade and continually slashed the price down from its original $18.5 million reported asking price.
The home was most recently listed for $4.995 million withMillion Dollar Listing New YorkstarFredrik Eklundof Douglas Elliman, PEOPLE confirmed in January 2018. It had also previously been listed for rent at $100,000 per month.
According to theWall Street Journal, he let go of the home for $2.9 million, which is 84 percent less than the original listing price.Jennifer Leahyof Douglas Elliman brokered the sale.
However, even though the mansion was sold at a massive loss, the “Get Rich or Die Tryin'” rapper will not pocket any of the money. A spokesperson for 50 Cent reportedly toldWSJthat the proceeds of the sale would be donated to the G-Unity Foundation Inc., his charity that is dedicated to providing grants to nonprofit organizations that focus on improving the quality of life for low-income and underprivileged communities.
The extravagant home includes 19 bedrooms, 25 bathrooms, an indoor pool and hot tub, and a “substantial” night club, according tothe listing. Multiple game rooms, a green-screen room, a recording studio, a full gym and a home theater can also be found in the 50,000-square-foot structure.
Douglas Elliman
The palatial pad sits on approximately 17 acres. The lot features a pool, pond with fountain, basketball court, guesthouses, gardens, and a Playboy mansion-style grotto.
When PEOPLE first reported on the listingin 2007, the latter was said to have a hot tub that seats 40 people.
Inarguably opulent, the house has had its fair share of problems. In May 2017, a Windsor, Connecticut,man allegedly broke into the mansion, according to CBS Connecticut. Nothing appeared to be stolen, and Jackson — who no longer lived there —reportedly laughed off the incidenton social media in a post that’s since been deleted, writing, “What my house got robbed, I thought I sold that MF. LOL.”
WATCH THIS: Fredrik Eklund’s Tribeca House Tour
Boxer Mike Tyson scooped it up next, and then listed it in 1996 for $22 million. It sat on the market for six years before it as awarded to his second wife, Monica Turner, in their divorce settlement. She then sold the estate to Jackson in 2003 for a reported $4.1 million.
Jacksonfiled for bankruptcy in 2015, and settled in July 2016, agreeing to repay $28 million in debt, according toBillboard.
source: people.com
