Miami Beach Real Estate: Rapper Lil Wayne Lists South Beach Condo for $2.8M

Rapper Lil Wayne, who is about to head to jail for a gun possession charge, listed his South Beach condo for $2.8M. The four bedroom condo is located in the Murano Grande Condominium at 400 Alton Road in Miami Beach. The list price is very, very reasonable which suggests that the owner, for some reason, is motivated.(What could it be?)

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Miami Beach Real Estate: 2009 South Beach Condo Market Index

2009 luxury real estate statistics for condos in the SoFi neighborhood of South Beach. The condo index is comprised of nine waterfront high-rise condos: Apogee South Beach, Continuum South Beach: North & South, Portofino Tower, South Pointe Tower, Murano at Portofino, Yacht Club, Murano Grande and ICON South Beach. There were 129 sales in the condo index in 2009 vs. 153 in 2008, a drop of 16%.

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