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Expensive Mega-Mansions Owned By The Rich & Famous That Are Nearly Worthless Today

Posted by Bill Rippel on May 13, 2021 - 1:35am

3. 50 Cent’s Connecticut Mansion – Farmington, Connecticut

On the Market Since: 2007 
Total Area: 50,000 square feet
Initial Value: $18.5 million*

50 Cent struggled to sell his Farmington, Connecticut mansion for over twelve years, and he had to knock down the price by 84% before any buyers would seriously consider the property. The rapper’s mansion is certainly impressive, boasting fifty-two rooms, including a recording studio, nightclub, game rooms, a hot tub, pools and several basketball courts.

The Shady Records rapper originally bought the property from boxer Mike Tyson in 2003 for $4.1 million. Four years later, he listed it for $18.5 million. Real estate broker Dolly Lenz told Realtor.com her theory of why the house didn’t sell, stating that it was priced far too high. 

Lenz, a real estate broker who specializes in luxury homes, said that the rapper priced it “too out of whack.” Lenz said that there has “never” been a luxury home that sold for “anywhere near that number” in the Farmington, Connecticut region. Whether the rapper will take her advice (or anyone’s) is unlikely. 

Corneliu Boghian thanks for sharing
May 17, 2021 at 11:59am
Oleg Ch thanks for the info
May 16, 2021 at 5:28am
Simon Keighley Wow, that's one huge mansion, Bill - fifty-two rooms would take some looking after. Thanks for sharing.
May 13, 2021 at 7:31am