Birdman cuts price of Miami Beach mansion

Miami /
Nov.November 29, 2017 03:15 PM

70 Palm Avenue and Birdman (Credit: Getty Images, MLS, Trulia)

Rapper and producer Bryan “Birdman” Williams is reducing the asking price of his Palm Island mansion.

The Cash Money Records co-founder cut the price of the property at 70 Palm Avenue in Miami Beach by 15.5 percent to $16.9 million from $20 million amid the slowdown in luxury residential sales.

It’s on the market with Brett Harris and Darin Tansey of Douglas Elliman.

The house is now listed for less than $800 per square foot, which Harris called “a good value for someone looking on a per-foot level.” They’re gearing up to market the property during Miami Art Week and throughout the holidays with about half a dozen showings already scheduled.

Williams bought the house in 2016 from Rockstar Energy Drink founder Russell Weiner for $14.25 million, and spent millions renovating the 20,000-square-foot waterfront home.

Williams, whose net worth was pegged at about $180 million, is reportedly looking to downsize, Harris previously said. The seven-bedroom, 12-bathroom mansion features about 100 feet of water frontage with a dock for a 100-foot yacht, a volleyball court, movie theater, chef’s kitchen, two wine cellars, a four-car garage and a two-car garage, a pool, and a summer kitchen with a pizza oven. It was built in 2004.

The record producer, whose label is home to artists like Drake, Nicki Minaj and Lil Wayne, listed the house in June. Curbed first reported the price cut.


Related Articles

arrow_forward_ios
Joel Meyerson and 24 Palm Avenue, Miami Beach (The Pure Source, Sotheby's)

CEO of cosmetics manufacturer buys Palm Island home for $11M

CEO of cosmetics manufacturer buys Palm Island home for $11M
Steve Witkoff and 4766 North Bay Road (Getty, Douglas Elliman)

Steve Witkoff pays $8M for waterfront North Bay Road lot

Steve Witkoff pays $8M for waterfront North Bay Road lot
The Allen Apartments with Mark Samuelian, Michael Gongora and Ricky Arriola (Miami Beach Community Development Corp., Wikipedia Commons)

Miami Beach may create incentives for affordable housing developers

Miami Beach may create incentives for affordable housing developers
Tudor House Art Deco and Essex House hotels (Wikipedia Commons)

Hotel height increases could be coming to Miami Beach’s Collins Avenue near Ocean Drive

Hotel height increases could be coming to Miami Beach’s Collins Avenue near Ocean Drive
Laurent Ouazana and 6505 Allison Road, Miami Beach (Twitter, Google Maps)

French insurance CEO buys Allison Island home next door to his new mansion

French insurance CEO buys Allison Island home next door to his new mansion
(Google Maps)

Weekly condo sales, dollar volume jump in Miami-Dade

Weekly condo sales, dollar volume jump in Miami-Dade
Jarrett Posner, Pablo Escobar with 5860 North Bay Road (The Waterfront Team)

Pablo Escobar’s former Miami Beach property sells for $11M

Pablo Escobar’s former Miami Beach property sells for $11M
Pharrell Williams and David Lerner with a photo of 2545 Northwest Third Avenue and a rendering of the Billionaire Boys Club exterior (Getty, Google Maps, Lerner Family Properties)

Pharrell’s Billionaire Boys Club to open store in Wynwood

Pharrell’s Billionaire Boys Club to open store in Wynwood
arrow_forward_ios

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

Loading...