50 Cent’s Connecticut compound, listed when Lehman Brothers was still in business, finally sells

52-room property sold at big discount from initial asking price

TRD TRI-STATE /
Apr.April 02, 2019 10:00 AM

50 Cent and his Farmington mansion (Credit: Getty Images, Douglas Elliman)

Twelve years later, 50 Cent has finally sold his massive Connecticut estate for $2.9 million.

The rapper, whose birth name is Curtis James Jackson III, bought the compound at 50 Poplar Hill Drive in Farmington from Mike Tyson for $4.1 million in 2003. The property hit the market for $18.5 million in 2007, and successive price cuts brought the asking price down to $4.995 million, according to Zillow. The complex had also been listed for rent at $100,000 a month, according to the Wall Street Journal, which first reported the sale.

50 Poplar Hill Drive in Farmington (Credit: Pricey Pads)

50 Poplar Hill Drive in Farmington (Credit: Douglas Elliman)

The steep discount means that the record for most expensive home sale in Farmington, which Jackson set when he bought the property, remains unbroken.

The roughly 50,000-square-foot, the 52-room compound is by far the largest home in the town of Farmington, about 80 miles north of Greenwich. The property comes with its own nightclub, basketball court, recording studio and conference center.

The rapper’s 2015 bankruptcy filing shows that the mansion was costing him almost $70,000 a month to carry. The home was the target of a an attempted burglary in 2017, which Jackson joked about on social media. “I thought I sold that MF. LOL,” he wrote in a now-deleted Instagram post.

Jennifer Leahy of Douglas Elliman brokered the sale. [WSJ] — Kevin Sun


Related Articles

arrow_forward_ios
Toni Morrison and her former Tribeca home (Getty, BHS)

Toni Morrison’s Tribeca loft hits the market

Toni Morrison’s Tribeca loft hits the market
198 Washington Park in Fort Greene (Photos via Compass)

Fort Greene townhouse, 30 feet wide, led Brooklyn luxury sales last week

Fort Greene townhouse, 30 feet wide, led Brooklyn luxury sales last week
24 Leonard Street Unit 2 and 443 Greenwich Street Unit 2G (Douglas Elliman, Compass, Google Maps)

‘Incredibly quick’: $19M Manhattan condo deal done in a weekend

‘Incredibly quick’: $19M Manhattan condo deal done in a weekend
The National Association of Home Builders Housing Market Index reached a record high for the second consecutive month in October 2020. (iStock)

Building up: Homebuilder confidence hits new highs

Building up: Homebuilder confidence hits new highs
Guo Wengui and the Sherry-Netherland penthouse at 781 Fifth Avenue (Photos via Wikipedia Commons; Getty Images and Douglas Elliman)

Ensconced in the penthouse and entangled in lawsuits

Ensconced in the penthouse and entangled in lawsuits
Kaufmann Desert House (Courtesy Coastal Luxury Living)

Neutra-designed “crown jewel” of Palm Springs lists for $25M

Neutra-designed “crown jewel” of Palm Springs lists for $25M
Gov. Andrew Cuomo (Getty, iStock)

New York lost $755M in real estate tax revenue this year: REBNY

New York lost $755M in real estate tax revenue this year: REBNY
The Internal Revenue Service is going after foreign real estate investors as part of a broader sweep to collect revenues amid the pandemic.  (iStock)

“There’s a lot of money to be made”: IRS targets foreign real estate investors

“There’s a lot of money to be made”: IRS targets foreign real estate investors
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...