farmington

50 Cent Drops The Price Of His Connecticut Home

Filed under: Estates, Celebrity Shopping

Rapper/actor 50 Cent (a.k.a. Curtis Jackson) is one of our all time celebrity real estate slow sellers. He's been trying to unload the pile of property in Farmington, Connecticut which he bought from Mike Tyson's ex-wife for several years. He bought the home for just $4.1 million but reportedly spent $6 million renovating it. He has been trying to sell the home since 2007 when he wanted $18.5 million for the property.

In 2009 he settled a lawsuit against an engineering firm that he hired to inspect the 52-room home before he bought it. He claimed they underestimated the value of the repairs needed. The mansion was listed at $14.5 million at that point but then was pulled off the market. It went back up with a new listing agent and a new price of $10.9 million.

Now here we are in 2011 and he has again switched agents. New agent William Raveis announced the listing on StamfordPlus. The home has 52 rooms on 17 private acres and includes a personal helicopter pad.

The new listing comes with new pictures that show the home in a better light than we have seen before. The home still seems more like a hotel than a residence but the new pictures showcase the marble foyer, the dining room, living room, kitchen and home office. The pictures also show the grand home theater, billiards room and nightclub with a lighted dance floor, bar and DJ area. The nightclub also has a private room for after-hours entertainment. For other activities there is also a racquet ball court, indoor pool, large gym, fitness facilities and an outdoor basketball court. Check out the listing for a virtual tour on this property which has finally dipped below the $10 million mark. It now sits at $9,999,999.

Gallery: New Listing Pictures For 50 Cent's Connecticut Home

Tags: 50 cent, celebrity real estate, connecticut real estate, curtis jackson, farmington, farmington connecticut

50 Cent's Big Price Cut In Farmington

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping

It's been a big weekend for some of real estate's slow sellers. On Saturday we saw Nic Cage put his Bel-Air mansion on the market at a new lower price and now rapper 50 Cent is trying yet again to unload the pile of property in Farmington, Connecticut which he bought from Mike Tyson's ex-wife. Tyson's mansion has been nothing but a headache for Fiddy. He bought the home for $4.1 million (Tyson's ex originally wanted $25 million) and spent $6 million renovating it. He has been trying to sell the home since 2007 when he wanted $18.5 million for the property.

Earlier this year he settled a lawsuit against an engineering firm that he hired to inspect the 52-room home before he bought it. claiming they underestimated the value of the repairs needed. At that point the mansion, which was then listed at $14.5 million, was pulled off the market. But it's back up with a new listing agent and a new price of $10.9 million. The listing pics are similar to the ones we saw when we first had it as an estate of the day in 2007. Even with the new price he's going to have trouble getting rid of this home if only because not many buyers in the area will be looking for a home with a grotto and a nightclub.

[via NY Post]

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Tags: 50 cent, 50Cent, celebrity real estate, CelebrityRealEstate, connecticut, farmington, fiddy, fiddy cent, FiddyCent, mike tyson, MikeTyson

50 Cent Gives Up On Trying To Sell Tyson's House, Hopes For Lawsuit Win Instead

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping

Rapper 50 Cent is figuring out that Mike Tyson's Farmington, Connecticut mansion wasn't such a great purchase after all. The performer, whose real name is Curtis Jackson, recently testified in Hartford Superior Court as part of his lawsuit against BVH Integrated Services, an engineering firm that he hired to inspect the 52-room home before he bought it. The company was supposed to find out how much it would cost to repair the home.

Tyson's ex wife originally wanted $25 million but 50 Cent bought it for $4.1 million. The company's estimated that 50 Cent would have to spend around $500,000 in repairs but he ended up spending $6 million on repairs and renovations about half of which went to things which 50 Cent's lawyers say should have been included in the original estimate. BVH attorney Michael Byrne said that 50 Cent's lavish upgrades made the difference and that the estimators are not responsible for the difference.

The house may be huge but it isn't high quality according to witness testimony. A contractor hired by BVH to conduct the 2003 inspection testified that it was not a "mansion-quality" house. 50 Cent put the mansion up for sale in 2007 for $18.5 million and dropped the price down to $14.5 million but he said this week that the house is no longer for sale.

UPDATE: 50 Cent has settled the lawsuit for an undisclosed amount.

Gallery: 50 Cent In Farmington

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Tags: 50 cent, 50Cent, connecticut, estate, farmington, mike tyson, MikeTyson

Millstreams, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Millstreams in Farmington, Connecticut has quite a history. The brick mansion is built on Indian Neck, the ancient home of the Tunxis Indians. The home was built in 1917 for playwright Winchell Smith. The seven-bedroom Colonial home is done up in a fussy, ornate style that includes ceiling murals, heavy draperies and red walls. The four-acre property is beautifully landscaped and includes a boathouse, carriage house, gazebo, pool and pool house. This home is listed at $4.995 million.

Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.

[Thanks, Bruce!]

Gallery: Millstreams

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Tags: connecticut, estate of the day, EstateOfTheDay, farmington, winchell smith, WinchellSmith

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50 Cent Pimps His House on Cribs

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping

The Farmington, Connecticut home that 50 Cent bought from Mike Tyson has been on the market a while now. We covered it in May of this year but now 50 Cent is showing the property on a special edition of MTV's "Cribs" tonight. The AP reports that this is so "fans can take a peek before he moves out" I say that 50 is trying to drum up some interest in this clunker of a home which has sat on the market for $18.5 million.. Remember that Tyson had originally wanted $25 million for it but 50 Cent bought it from Tyson's ex-wife Monica for just $4.1 million. Yes, at around 48,000 square feet it is huge and it does have all sorts of fun details like a nightclub and a studio but who really needs a home like this? Perhaps someone who watches MTV?

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Tags: 50 cent, 50Cent, connecticut, estate of the day, farmington