50’s Mansion is Now an Old Folks Home

March 2, 2016March 2, 2016

According to TMZ the home sold for $8 million … $10.5 million less than 50’s original listing price almost a decade ago.
50 first put the 21-bedroom, 25-bath estate on the market in 2007 for $18.5 million. The price was reduced several more times in the following years.
The 50k square foot home had been a huge financial burden for the bankrupt 50, costing around $70k per month to maintain since there’s also 9 kitchens, an outdoor infinity pool and grotto, indoor pool, helicopter pad, casino, nightclub, basketball courts and pond.
It’s resort-like amenities sound like a perfect fit for the buyer who is modifying zoning so it can be converted into the old folks home pending the town’s approval.

In50, mansion sold

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