Less money to blow? Birdman cuts price of Miami Beach mansion

It hit the market in 2017 for $20M, now listed for $15.5M

TRD MIAMI /
Nov.November 05, 2018 01:42 PM

Birdman and 70 Palm Avenue (Credit: Getty Images)

Less cash money will be needed to purchase rapper Birdman’s Miami Beach mansion.

Birdman, whose real name is Bryan Williams, is re-listing his nearly 20,000-square-foot home at 70 Palm Avenue for $15.5 million, a 22.5 percent reduction in price from when it first hit the market in 2017 for $20 million.

70 Palm Avenue

The waterfront Palm Island home is now on the market with Brown Harris Stevens Miami’s Jeff Miller and Darren Weiner of Celebrity Advisors LLC. It was previously listed with Douglas Elliman’s Brett Harris and Daren Tansey, who cut the price a year ago to $16.9 million.

70 Palm Avenue

Shortly after, EMG Transfer Agent, which holds the mortgage on the property, filed a lawsuit against Williams and his affiliates CM Spirits LLC, Criteria Operations LLC and others seeking to foreclose on the property after CM Spirits and Williams allegedly failed to pay the principal on a $12 million mortgage. A non-jury trial is set for January 2019, court records show.

Williams co-founded Cash Money Records with his brother, Ronald “Slim” Williams. Artists signed to Cash Money Records include Drake, Nicki Minaj and Lil Wayne. According to Forbes, Birdman was worth an estimated $110 million in 2017.

70 Palm Avenue

He bought the Miami Beach house in 2016 from Rockstar Energy Drink founder Russell Weiner for $14.25 million, and spent millions renovating the 10-bedroom, 14-bathroom mansion.

The property 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.


Related Articles

arrow_forward_ios
Andre Agassi and Franklin Academy at 5000 Southwest 207th Terrace (Credit: Getty Images)

Agassi scores again with $61M charter school sale

From left: Dan Marino, Nick Bosa, Frank Gore, T.Y. Hilton, Rob “Gronk” Gronkowski, and Don Shula (Credit: Getty Images and iStock)

Ahead of Super Bowl LIV, here’s where pro football stars call home in South Florida

Rendering of the project, Victor G. Harvey, Sr. and Flo Rida

Flo Rida is building a vodka distillery in Fort Lauderdale Opportunity Zone

Chris “Birdman” Andersen and William Meyersohn (Credit: Getty Images)

Chris “Birdman” Andersen sells Pinecrest house for $2M

Don Shula and the Four Seasons Residences at The Surf Club (Credit: Getty Images)

Dolphin great Don Shula scores condo at Surf Club

From left: Jill Hertzberg and 1633 North View Drive, and Dr. Arthur Agatston and Sari Agatston (Credit: Getty Images)

South Beach Diet founder sheds Sunset Island home

Novak Djokovic and Eighty Seven Park (Credit: Getty Images)

Novak Djokovic pays $6M for Renzo Piano-designed condo

5400 Hammock Drive and Timbaland (Credit: Getty Images)

Timbaland drops $8M on Coral Gables mansion

arrow_forward_ios
Loading...