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 1830.267816826583422&type=1" style="font-size: 16px; text-align: center;" target="_blank">here

Recent posts

Lifestyle

Miami for Wine Lovers Part 1: Top Wine Tastings and Events

by Sep Niakan | July 18, 2017

Who needs Napa Valley when Miami has a flourishing wine culture? This series of blogs is dedicated to all the wine lovers in Miami. In this part, we are covering events and tastings across the city that will acquaint you with wines from around the...

Lifestyle

Editorial: Traffic-Busting Transit-Oriented Development of Condos and Apartments in Miami

by Sep Niakan | July 18, 2017

We are all familiar with the pain of Miami’s current traffic situation. But, our prayers are finally being answered! The long-time need for transit-oriented development is being addressed, with almost nine projects on the drawing board and one...

Real Estate News

Brickell Heights Has Arrived! A Review of the Condo and its Amenities (Photo Blog)

by Sep Niakan | July 18, 2017

Brickell Heights Has Arrived in Style! Brickell heights started closings in June at a rapid pace, and so far I have seen and heard nothing but good things about the building and have had great experience with the staff and management there. That...

Real Estate News

Miami’s New and Pre-Construction Condo Update: June 2017

by Sep Niakan | July 18, 2017

There’s a lot to report on the pre-construction front for the month of June. Residents of Brickell Heights now have possession of their keys, One Thousand Museum is seeking permission to add a helipad, Aria on the Bay requires a lower deposit...