70 Palm Avenue, the massive pile on Miami Beach’s Palm Island owned by rap mogul Birdman that is designed in some horrendous iteration of neoclassical architecture, has been reduced in price yet again, to $15.5 million. The music producer and head of Cash Money Records has owned the 19,900 square foot house since 2012, when he bought it for $14.5 million.
The house is absolutely huge, but its design could easily be called strip-mall bland, and it directly faces the busy MacArthur Causeway and Port of Miami, which is not exactly the view you want for a house of its scale.
The tasteless frat boy’s dream castle was built in 2004. It underwent a renovation in 2011 just before Birdman purchased it for $14.5 million from RockStar energy drink entrepreneur Russell Weiner who himself had purchased it from fellow music mogul and hot mess Scott Storch for $7 million in foreclosure. Storch’s extravagant fall from grace included spending $30 million on partying, trips, and cocaine in six months.
The stucco-clad colossus has 10 bedrooms, 14 baths, 2 half baths, and 2 private guest suites, or servants quarters, or whatever. Built out to the max of its 30,000 square foot property, the house is entered via a motor court wedged into its narrow lot. Two separate garages flanking either side of an elaborate porte cochere can hold a total of six cars. Inside, a vast entrance hall is contains matching grand staircases. The house also features two wine cellars, a movie theater, and a colonnaded living room. One of the home’s suites has also apparently been repurposed as a recording studio.
The 2011 reno combined multiple bedrooms into a massive, 3,500 square foot master suite which Birdman decorated in lots of animal prints, thick faux fir throws, overstuffed furniture, and leather padding. The design is strongly reminiscent of the VIP room of some strip club somewhere.
Out back, reached after descending another grand staircase, is a beach sand volleyball court, a pool, a summer kitchen with pizza oven, and a hot tub with an elaborate moat-style water feature.
The house has been on the market since last year. That year Birdman was sued by the holder of a $12 million loan on the property, Chemtov Mortgage Group, which gave Birdman the money in 2015. The rap mogul had stopped making payments on the mortgage in June of last year, at about the same time he listed the house for sale, and it was facing its second foreclosure in its short life span. Perhaps cash was tight, or Birdman thought mortgage payments stopped when a property was put on the market, but things didn’t look good.
Originally pricing it at $20 million, by November of 2018, Birdman owed more than $800,000 in missed mortgage payments, interest payments, and late fees on the house, and he dropped the price $16.9M. According to Zillow, there was a pending sale early this year, but that didn’t work out, and after spending a break from the market this summer, it was re-listed for $15.5 million just this November. Birdman also appears to somehow have gotten it out of the foreclosure.