Rick Ross is set to spend over $37 million on a luxurious nine-bedroom property on Miami’s exclusive Star Island.
The Wall Street Journal notes that Star Island has long attracted celebrities, with past residents like Sean “Diddy” Combs, Shaquille O’Neal, and Gloria Estefan.
Rick plans to renovate his new 40,000-square-foot mansion, which boasts six bathrooms, a summer kitchen, and a heated pool, to make it his own.
At 47, Rick is moving into the Miami area he grew up near, close to where Flo Rida was born, as reported by TMZ Hip Hop. The beachfront home includes a private wooden dock with direct ocean access and an entertainment area for hosting guests.
Star Island saw a rise in celebrity interest in 2020 when Jennifer Lopez and her fiancé Alex Rodriguez purchased a 10-bedroom mansion there.
Rick, also known for the hit “Money In The Grave,” is set to close on the estate, which first hit the market in May. In addition to this new acquisition, he bought former NBA player Amar’e Stoudemire’s Miami home two years ago for $3.5 million, per Architectural Digest, though he hasn’t stayed there yet. On REVOLT’s Assets Over Liabilities, he speculated that he could resell it for a profit.
Earlier this year, the Atlanta Journal-Constitution reported that Rick also bought Meek Mill’s Atlanta property for $4.2 million. Fascinated by real estate since his early days, Rick recalled in a 2021 interview that he started looking at homes around Atlanta after he began making substantial money as a rapper. Eventually, he purchased a million-dollar home nearby for convenience.
Among his real estate investments, his grandest is the 109-room Georgia mansion he bought from Evander Holyfield, known as “The Promise Land.”
