50 Cent‘s massive estate in Farmington, Connecticut has finally found a buyer and they’re planning on turning the sprawling 52-room home into an assisted living facility.
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.
He bought the home for $4.1 million in 2003 and spent about $10 million in renovations to the property’s gym, racquetball courts, and disco room with stripper poles.