Wednesday, May 1, 2024

50 Cent Sells Massive Connecticut Mansion After 12 Years for an 84 Percent Loss

50 cent house

Rapper 50 Cent sent social media ablaze over the weekend with a post blasting President Biden for taking another beach vacation in Delaware as chaos continued to unfold in the war between Israel and Hamas. This material may not be published, broadcast, rewritten, or redistributed. Jack Flemming covers luxury real estate for the Los Angeles Times. A Midwestern boy at heart, he was raised in St. Louis and studied journalism at the University of Missouri.

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The outdoor pool is the most luxurious feature of the outdoor space. It's not the biggest pool, but it does have its own grotto where you can sit and hang out. The grotto is extremely spacious, surrounded by stone walls and more lounge chairs to hide from the sun's rays. On the opposite side of the dining area is the reception room, where a Weber grand piano sits. Nearby is the kitchen made for the main chef of the house and possibly the only room in the house with dark wood floors that match the interior. It has emerald green granite countertops along with dark wood cabinets and stainless steel appliances.

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But we’re sure local insiders will pick up on the sale when Fifty does close on a new Texas property — and we’ll make sure to keep you updated. So while we know what prompted Fitty’s move to Texas, we don’t quite know where he settled down. Local sources say he once checked out Houston’s famed Darth Vader House — an architecturally distinct luxury property with exteriors built to resemble Vader’s mask. The Farmington home, located about 80 miles north of the affluent city of Greenwich, is far from your average house. The buyer is reported to be Casey Askar, a Florida businessman with brands like Papa Romano's, Papa's Pizza To-Go, Blackjack Pizza and more to his name. The home's expansive spaces include ornate furnishings, and marble columns and floors.

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In addition, the property boasts a night club space, an indoor basketball court, multiple game rooms, a green screen room, a recording studio, a full gym, a conference room and a home theater. He’s a tough one to nail down and his current home is unknown (yes, even we couldn’t find it!), but we do know the scoop on his former mansion in Connecticut. 50 Cent house has an amazing 17 acres of land which has an outdoor pool, basketball court, guest house, huge and beautiful gardens, a pond with a massive water feature and a grotto. The extravagant home includes 19 bedrooms, 25 bathrooms, an indoor pool and hot tub, and a "substantial" night club, according to the listing. Multiple game rooms, a green-screen room, a recording studio, a full gym and a home theater can also be found in the 50,000-square-foot structure. It's got 19 bedrooms and 25 bathrooms, plus other amenities like a swimming pool and hot tub, a few game rooms, a small studio complete with green screen, a recording studio, and even a private nightclub and "adult entertainment room."

The home was to be transformed once again into a care home for the elderly, who were sure will enjoy the great abundance of amenities. In May 2017, a Windsor, Connecticut, man allegedly broke into the mansion, according to CBS Connecticut. Nothing appeared to be stolen, and Jackson — who no longer lived there — reportedly laughed off the incident on social media in a post that's since been deleted, writing, "What my house got robbed, I thought I sold that MF. LOL." It is set on 17 acres and the grounds include a pool, a grotto reminiscent of the Playboy Mansion, a pond, and a basketball court.

But the sale put an end to a 12-year search for a buyer, as the rapper’s house was first listed back in 2007, resurfacing on the market every now and then with a fresh price. Jennifer Leahy of Douglass Elliman was the one who brokered the sale, wrapping up the property’s long run on the market. The rapper dropped more than $100,000 just on the club's audio-visual set up which surrounds the dance floor stage—beneath the towering marble atrium.

In 2015, 50 Cent posted a photo to his social media pages which showed a giant home located in Africa, which was complete with a pool and large balcony. He claimed that the mansion was his, but when he filed for bankruptcy and during the court rulings, it came to light that he actually never even owned a home in Africa at all. He admitted that his ‘luxurious lifestyle’ portrayed on the likes of Instagram and Twitter and in his songs were all staged, faked or made up. It took 12 years and a total price cut of 84 percent, but 50 Cent's massive 52-room mansion in Connecticut has finally found a buyer.

Cent bought the Farmington home from the former boxer Mike Tyson for $4.1 million in 2003.

50 cent house

CT, 34 arrests have been made by law enforcement on the UT Austin campus, according to an X post from the Texas Department of Public Safety. The board said it is "urgently working" with Shafik to resolve the unrest on campus and "rebuild the bonds of our community." The university "supports free speech through open dialogue that is respectful and constructive," the officials said. Graffiti described as “hateful” has been painted on campus, the officials said.

The 12 single-family homes currently on the market range from $399,000 to $1.2 million. Bidding wars and a shortage of sellers are making good deals hard to come by, but there are still plenty of great options if you look in the right neighborhoods. Here’s a look at what roughly $700,000 buys right now in seven L.A.

Before joining The Times as an intern in 2017, he wrote for the Columbia Missourian and Politico Europe. Downtown L.A., like many vertical-living communities, became slightly less attractive during the pandemic as home buyers across the country opted for more space — even if it meant a longer commute. The trend made it a relatively affordable place to land if you don’t need more than one or two bedrooms, and there’s a host of options in every downtown district with views and amenities. Known as a bastion of Latino culture, Boyle Heights boasts good food, a great location and housing stock that has become more expensive over the years because of gentrification.

So you can imagine the shock of an $18 million listing price when Curtis Jackson first brought the property to market. Once listed for a whopping $18.5 million, 50 Cent’s house in Connecticut finally sold in April 2019 for $2.9 million — significantly less than the initial ask (84% less, to be more precise). The enormous estate was built in 1985 for Benjamin Sisti, founder of failed Colonial Realty Co., who was convicted a decade later in a fraud case. At the time, the mansion was viewed as a monstrosity—five times as large as the next house in Farmington. Since the 1980s, it had become a neighborhood symbol of excess, greed, corruption, and alleged debauchery.

"Imagine having a house back in the day and you could play music everywhere in it from a record player," he says. "The record player was still there when we bought the house, so that was really cool." Next to the outdoor basketball court is a pond that has an elaborate water feature spouting out and a guesthouse. The foundation provides grants to nonprofit organizations that focus on improving the quality of life for low-income and under-served communities across the United States. 50 Cent (by his real name, Curtis Jackson) bought the sprawling property for $4.1 million in 2003 from former heavyweight boxing champion Mike Tyson in a record-breaking deal for the area.

In the end, it was reportedly snapped up by US businessman Casey Askar, who owns several fast-food businesses. "When you have a property that is well outside the norm, it takes a lot longer to sell." Walking into the home on the marble floor, a duelling wood-panelled staircase leads you to another level of the property. Entering the property through a stately front gate, you're greeted by a lion statue.

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