Big Problem for Lil Wayne: Tax Woes Lead to Listing of Miami Estate

Source: StarPulse.com

Maybe he’s sick of living in private Florida luxury, or perhaps he’s trying to get the government off his back for some tax money he owes. Whatever the reason, Lil Wayne’s home is on the Miami Beach real estate market for a cool $12.9 million. According to AOL Real Estate, the rapper purchased the La Gorce Island home only last year for $14 million after renting it from a real estate developer for a few months.

Lil Wayne, whose full name is Dwayne Michael Carter, Jr., currently owes the Internal Revenue Service $5.6 million in back taxes; $3,351,078 for 2008 and $2,258.956 for 2009. This isn’t the first time he has faced tax problems, last year he owed more than a million from 2004, 2005 and 2007.

The Grammy-award winning rapper sold another Florida property last year for $2.5 million, a four-bedroom South Beach condo at the Murano Grande. According to public records, Lil Wayne purchased the 3,979-square-foot unit in 2007 for $3.1 million. The property went up for sale in February 2010, just months before he checked into prison for his one-year conviction of weapons charges in 2007, and according to property listings, sold for $2.5 million in June 2010.

The La Gorce Island home is a considerate upgrade from Lil Wayne’s previous digs in South Beach. Boasting a whopping 15,101 square feet, the estate is ultra-modern in nearly every aspect with marble and steel accents throughout the interior. Constructed in 2004, the three-story, 9-bedroom, 10-bath house also includes a 3-bedroom guest house. The two-story master bedroom is accessible by a glass elevator. Looking for a place to park your yacht? The home also includes more than 120 feet of frontage.

La Gorce Island real estate is known for its exclusivity and privacy. Other celebs that have made this resort-like community home include Cher and Billy Joel.