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]

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.

Mike Tyson is sadly one of the best examples of a man who earned a lot of money and then spent it all away. The man with the powerful fists declared bankruptcy in 2003 and many of his purchases have hit the public marketplace. He was the first owner of this 1999 Bentley Continental SC now up for sale on Auto Trader. The car is one of only 73 ever built and cost over $500,000 when it first came out. Tyson's Continental SC has lamb's wool rugs, a phone and a removable glass roof. It is listed at £135,000 (around $272,000). Wow, even with all that depreciation that is still one very expensive car.

Today's estate in Farmington, Conn. is one of the legendary symbols of excess. Mike Tyson owned this home in the past but it currently belongs to 50 Cent, who bought it for just $4.1 million. Tyson's ex wife originally wanted $25 million and so the home was a bit of a discount considering that is has more than 50,000 square feet of space.

Fiddy is said to have spent a few million on the house but as the Real Estalker Mama mentions, it's hard to find it when looking at the photos of the place. It seems to be completely devoid of taste and personality. Sure it's got a disco the size of many homes but the overall effect is rather bland. The home has 19 bedrooms, four kitchens, a movie theater, full gym, five Jacuzzis and an indoor shooting range. The pool area is P.I.M.P. -worthy with an infinity pool and a Playboy Mansion-style grotto but the interior of the house seems to be decorated more like a businessman's hotel than a rapper's paradise. Sure the two-story lobby is lavish and there is a dining room with a Baccarat chandelier and a formal living room overlooking a one-acre koi pond, but overall, this place disappoints. It is listed at an ambitious $18.5 million. After the jump, I'm guessing the fountains are all Tyson's legacy.

UPDATE: This home is still on the market for $14.5 million.

From the NY Post's Gimme Shelter:
-- Gwyneth Paltrow and Chris Martin have sold their 8,000-square-foot condo on Harrison Street for close to its $14 million asking price. The couple purchased it in May 2005 for $7.95 million.
--The Sutton Place apartment of the late Patricia Kennedy Lawford is about to be sold for close to its $12.7 million asking price.
--Tennis player Yannick Noah is adding to his apartment paying $500,000 for the studio adjacent to his duplex apartment at 230 Central Park South.
--Agent Michael Ovitz has been looking at the Jean Nouvel-designed condos under construction at 100 11th Ave. searching for a possible penthouse.

From the NY Observer:
-- Harry Belafonte , who sold his 48-year home on West End Avenue for $10.75 million last October, has paid $5 million for neighboring apartments in the freshly converted Apple Bank Building.
--Actor Michael Imperioli and his wife, interior designer Victoria Imperioli have paid $2.4 million for a four-story walk-up at 499 Canal Street.
--Film mogul Harvey Weinstein is busily renovating the Far West Village townhouse, which he bought last June for $14.95 million.
--T-shirt seller Sunshine Megatron (formerly known as Aaron Schwarz) has sold a Soho triplex penthouse for $5.35 million.

From the Wall Street Journal's Private Properties:
--The listing for the $125 million Saperstein home Fleur de Lys in Holmby Hills is here.
--Jack White has finally 5,800-square-foot house in Detroit, Mich. for $590,000. Last time we saw it, when it was our estate of the day in October, it was listed at $930,000.

From Berg Properties Big Time Listings:
--A five-bedroom house in Toluca Lake that belonged to Damon Wayans is back on the market for $4,495,000 eight months after Wayans sold the house for $3.3 million. The listing is here.
--Miami Heat center Alonzo Mourning has reduced the asking price of his 10,121-square-foot bayfront mansion in Miami, Fla. from $10 million to $9.5 million. It is our estate of the day later today.
--Mike Tyson has sold his Southwest contemporary-style house in Paradise Valley, Arizona for $2.339 million, according to the Arizona Republic.
--Roseanne Barr has paid $1,780,000 for a 46.33-acre farm in Hawaii, according to public records.
--According to Curbed LA, Josh Duhamel has listed his three-bedroom, 2,516-square-foot contemporary-style house in Brentwood neighborhood for $2,399,000. The listing is here. It has a great pool.

From the Real Estalker:
--TomKat rumors galore. Did Tom Cruise and Katie Holmes buy this palace of palace of opulence in Bel-Air? Or are they looking to build a lavish new estate.
--The Jane Wyatt estate has been purchased by Sandy Gallin, a music manager, who will most likely renovate and flip.
--Josh Duhamel and Fergie are staying in Brentwood picking up an eight-bedroom home which was listed at $5.299 million.
--Soap actress Dana Sparks and her husband Steven have listed their home in Lake Sherwood for $4.85 million
--The townhouse of the late Phyllis Cerf has now been reduced to $9.4 million from $9.9 million.
--Adam Nathanson, the son of Marc Nathanson has put his Mulholland Drive home in Los Angeles on the market for $2,350,000.

From the LA Times Hot Property:
--Supermodel Gisele Bündchen has sold her 4,000-square-foot Hollywood Hills home for $4 million.
--Dave "The Edge" Howell Evans of U2 has purchased a 120-acre parcel in Malibu with a cottage and a creek on it for close to $15 million.
--Lindsay Wagner, known best as "The Bionic Woman" has sold a condo in Chatsworth for $649,000.
--A Neutra designed condo near UCLA has been sold for close to $600,000.
--So far this year, seven $20-million-plus homes have sold in the Bel-Air, Brentwood, Malibu and other Westside areas. Last year at this time, there had only been two.