Rapper Rick Ross has finally closed on his $35M property on Star Island

Rapper Rick Ross has finally contributed his $35M fortune on Star Island. The 15,000-square-foot 11-bedroom, 10-bathroom home was purchased in 2012 for $5.8M.

It is located on a 2.6-acre lot with views of the Atlantic Ocean. The house has a swimming pool, a tennis court, a garage for 12 cars and a large airport.

Ross listed the home in 2018 for $60M, but ultimately dropped the price to $35 M. The home was purchased by an unnamed buyer.

 

The closure of Ross’ home is a sign that the Miami real estate market is struggling. Miami home prices have fallen about 10% over the past year and are expected to continue falling next year.

The closure of Ross’ home is also a sign that the rappers are struggling financially. Many rappers have been forced to sell their assets in recent years due to process spending and close financial management.

The closure of Ross’ home is a reminder that even the wealthiest are not always immune to economic hardships.