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Lil Wayne’s South Beach mansion was chopped again—now $12M

Its third price reduction

Inside Lil Wayne’s South Beach home
via One Sotheby’s

Lil Wayne continues to have a brutal time selling his modern 15,000-square-foot home on Miami Beach, with the latest price reduction—its third—placing it at $12 million, not much higher than the $11.6 million purchase price in 2011.

The waterfront home in La Gorce Island is highlighted by a two-story master suite, 120 feet of water frontage, an elevator, and a three-bedroom guest house. Meanwhile, TMZ reports Wayne has decided to move out amid several swatting incidents.