Lil Wayne’s former mansion on Allison Island in Miami Beach sold for $33.3 million, according to a Mar. 16 statement from Douglas Elliman’s Cyril Matz. The property was purchased by a Delaware limited liability company after being listed for $36 million in December.
The sale is notable as it is the second-highest price ever paid for a home on Allison Island, following recent high-profile transactions in the area. The price marks an increase of $10.7 million since Grammy-winning rapper Lil Wayne sold the house for $22.6 million in 2023.
Alicia R. Zadravec was the seller of the property at 6480 Allison Road, with Matz representing her and Dina Goldentayer of Douglas Elliman bringing the buyer. Matz said that limited inventory of new construction luxury 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, a pool, and 110 feet of waterfront with a dock. Designed by Choeff Levy Fischman, the home is located within one of Miami Beach’s guard-gated island communities that have become increasingly popular among security-conscious buyers.
“As great as North Bay Road is,” said Matz, “There are people who want to be in gated communities.” Recent buyers on Allison Island include Google co-founder Sergey Brin, who recently paid $51 million for another waterfront estate previously owned by LVMH CEO Michael Burke—setting a new record for the island.
