Aerial View: 94 La Gorce Circle, Miami Beach, FL

Rap star, Lil Wayne, went from tenant to home owner closing on 94 La Gorce Circle earlier this month for $11,600,000. After leasing the property for about one year, spending $65,000 per month in rent, Mr. Wayne cut a fair deal at $768psf. Prior owners of the 94 La Gorce lot include: a relative of Julio Iglesias’ and former Peoples’ National Bank of Commerce exec, Sonny Wright. The waterfront estate, located on the east side of this guard gated Miami Beach island, is relatively new construction.

94 La Gorce Circle:

• Living Area: 15,101SF
• Lot Size: 20,857SF
• Water Frontage: 120FT
• Bed/Bath: 9/9 (plus 2 half baths)
• Built: 2004