Lil Wayne’s former mansion on Allison Island in Miami Beach sold for $33.3 million, according to a Mar. 16 confirmation from Douglas Elliman’s Cyril Matz. The property at 6480 Allison Road was listed for $36 million in December and was purchased by a Delaware limited liability company, records show.
The sale is the second-highest ever recorded on the island and represents a significant increase from its previous sale price of $22.6 million when Grammy-winning rapper Lil Wayne sold it in 2023. Matz said that limited inventory of new construction high-end homes in Miami Beach has contributed to rising prices.
The mansion, built in 2017 on a 0.6-acre lot, spans 10,300 square feet and features seven bedrooms, nine bathrooms, two half-bathrooms, and a pool. Designed by Choeff Levy Fischman, the property also includes 110 feet of waterfront with a dock.
Security-conscious luxury buyers have increasingly chosen Allison Island due to its status as one of Miami Beach’s guard-gated communities. “As great as North Bay Road is,” said Matz, “There are people who want to be in gated communities.”
Recent high-profile transactions on the island include Google co-founder Sergey Brin’s purchase of LVMH CEO Michael Burke’s waterfront estate for $51 million earlier this month—a record-setting deal that surpassed last year’s $31.5 million sale by Karlton Companies. Other tech leaders have also invested heavily in Miami real estate this season: Google co-founder Larry Page acquired three Coconut Grove homes for $188 million this winter, while Meta CEO Mark Zuckerberg and his wife Priscilla Chan bought an Indian Creek Island estate for $170 million last month.
