Miami Condo Market and Lifestyle Updates
Lil Wayne Could Lose House in Contract Dispute

Lil Wayne Could Lose House in Contract Dispute

by Sep Niakan | June 18, 2013

Even after paying nearly $7.75 million in back taxes owed to the IRS, rapper Lil Wayne may still lose his La Gorce Island waterfront home thanks to the resulting legal fees and fines from a contract dispute in California late last year. The performer’s production company, Young Money, owes $3.4 million that it has been unable to pay, leading to a potential seizing of assets by Miami authorities. In addition to the $11.6 million house, Wayne’s prized car collection is also up for grabs to creditors.

The lawsuit was initiated by Quincy Jones III and, as the plaintiff, is entitled to the receipt of all legal fees collected from Wayne in the case. Last year, Lil Wayne, born Dwayne Michael Carter, Jr., listed the house for sale for $12.9 million but no interest has yet been indicated in its purchase. It is thought that the rapper purchased the home for $14 million in 2010.


Photos of Lil Wayne's La Gorce Island home:

See more pictures here

Recent posts

Real Estate News

Monthly Pre-Construction Update - December 2017

by Sep Niakan | January 17, 2018

Taking a cue from the New Year and new beginnings, we saw the condo pre-construction market make three ground breakings this December. After months of silence, there was finally some hustle from developers at Resorts World Miami. Ritz-Carlton...


Cheers to a New Year and New Beginnings…

by Sep Niakan | January 05, 2018

Welcome to the other side of the New Year! The side that’s made up of fresh energy, brand new ideas and a whole 365 days of infinite possibilities.   A lot of people consider January to be the month when the festive season and all its...


Events for a Joyful January in Miami

by Sep Niakan | December 31, 2017

The Holiday season may be over, but the festivities don’t have to stop if you’re in Miami. Take a pick of your favorite music, art, fitness or film festival below and let the merriment continue into January 2018.   Miami Cruise...

Real Estate News

Luxury Miami Condo Report : Nov 2017

by Sep Niakan | December 24, 2017

City and Neighborhood Luxury Condo Reports             Miami Beach Luxury Condo Report                          South Beach Luxury Condo...