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

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

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
Corey Dickerson, Mike Piazza and Derek Jeter with the Miami baseball stadium (Getty)
South Florida by the numbers: Play ball
South Florida by the numbers: Play ball
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Tommy Hilfiger and his wife Dee Ocleppo Hilfiger with the Palm Beach location (Google Maps, Getty)
Tommy Hilfiger and wife drop $46M on third Palm Beach real estate purchase this year
Tommy Hilfiger and wife drop $46M on third Palm Beach real estate purchase this year
David Hammond, CEO of Opulence and Tomi Rose
Judge rules Tomi Rose must pay back nearly $77K to her former brokerage Opulence
Judge rules Tomi Rose must pay back nearly $77K to her former brokerage Opulence
Ivanka Trump and Jared Kushner and the Indian Creek property (Google Maps, Compass via One Sotheby's International Realty)
Jared and Ivanka paid $24M for this waterfront Indian Creek estate: sources
Jared and Ivanka paid $24M for this waterfront Indian Creek estate: sources
Todd Michael Glaser, Don Francisco and 37 Indian Creek Island Road (Kobi Karp, Todd Glaser)
Developer Todd Glaser pays $24M for Don Francisco’s Indian Creek estate
Developer Todd Glaser pays $24M for Don Francisco’s Indian Creek estate
Marc Anthony and the Coral Gables estate. (Getty, Nexxos Realty via Compass)
Buyer revealed: Tiger Global honcho is purchaser of Marc Anthony’s former estate
Buyer revealed: Tiger Global honcho is purchaser of Marc Anthony’s former estate
arrow_forward_ios

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

Loading...