With reported debts of $22.9million, his prized home in Connecticut was one of his first possessions to be sacrificed.
Mike Tyson’s former home in ConnecticutCredit: Douglas Elliman Real Estate
Tyson had to sell the property for $4 million in 2003 after filing for bankruptcy.
Given this enormous mansion, it would have been difficult for the 55-year-old to accept the news.
With its own nightclub and 52 rooms, including 21 bedrooms, this house is the most opulent Tyson has ever owned.
However, it was an absolute necessity for the legendary heavyweight boxer, and in the same year that it was made public, rapper 50 Cent purchased it from him for $4.4 million.
PROPERTY DEETS
It’s understandable why the In Da Club singer’s purchase of Tyson’s house broke records for the most expensive home ever sold in the Farmington region.
The 50,000-square-foot home boasts 25 bathrooms, an indoor pool and hot tub, an indoor court, various game rooms, a green-screen room, and a recording studio in addition to the 21 bedrooms we previously mentioned.
The extravagance doesn’t stop there.
A large lion statue welcomes you as you approach the property through the imposing front gate.
As you enter the house on the marble flooring, a staircase with opposing wood panels takes you to a different level of the building.
As you can see, the entire property is decorated to the highest standard.
At the entrance of the property you’re faced with opulent gates and a statue of a lion
Two staircases lead you to the first floor
The ground floor features marble floors
The master bedroom offers incredible views of the gardensCredit: Douglas Elliman Real Estate
A steel staircase in the master bedroom leads to another floorCredit: Douglas Elliman Real Estate
27The walk-in closets are glass frontedCredit: Douglas Elliman Real Estate27Astonishingly, there are 25 bathroomsCredit: Douglas Elliman Real Estate27This bathroom features a huge bathtub overlooking the gardensCredit: Douglas Elliman Real Estate27The bathroom has a glass showerCredit: Douglas Elliman Real Estate27The reception room features a Weber grand pianoCredit: Douglas Elliman Real Estate27The property also boasts its own nightclubCredit: Douglas Elliman Real Estate
The master bedroom has a scenic view of the garden landscape.
From there, you have your own steel staircase that leads to another floor that features a massive walk-in closet with glass doors, so you can see your designer wardrobe.
One of the many en-suites has a huge bathtub that overlooks the gardens, and it also features a glass door shower.
THAT’S ENTERTAINMENT
The house is suitable for someone who enjoys hosting guests.
The property’s recreational vibe is completed with both indoor and outdoor basketball courts.
You won’t ever need to travel to Las Vegas again because there are games rooms with poker and roulette tables as well as an area with pool tables.
Beside the outdoor basketball court is a guesthouse and pond with a complex water feature that spouts.
Nonetheless, the property’s sales history has been inconsistent.
2750 Cent had the outdoor basketball court personalised with his group’s name onCredit: Douglas Elliman Real Estate27A second basketball court can be found indoorsCredit: Douglas Elliman Real Estate27The indoor swimming pool is one of two at the homeCredit: Douglas Elliman Real Estate27The outdoor pool features its own grottoCredit: Douglas Elliman Real Estate27It’s the perfect spot to top up your tanCredit: Douglas Elliman Real Estate27The kitchen has enough space for the most avid chefCredit: Douglas Elliman Real Estate27One games room features pool tablesCredit: Douglas Elliman Real Estate27Another games room has poker and roulette tablesCredit: Douglas Elliman Real Estate
TOO EXPENSIVE
The property’s value has dramatically decreased over time, primarily as a result of the ongoing expenses that 50 Cent claimed were costing him about $61,000 a month.
In actuality, it was listed for 12 years at a beginning price of $18.8 million before being sold for just $3.1 million in 2019—a price decrease of 84%.
Estate agent Jonathan Miller told Realtor.com, “It’s just oversized for the market.”
“When you have a property that is well outside the norm, it takes a lot longer to sell.”
Ultimately, it was purportedly acquired by American entrepreneur Casey Askar, who manages other fast-food companies.
One of Mike Tyson’s other incredible houses, which included cages for his tigers, was abandoned before being turned into a church.
27A cinema room adds to the lavish offerings this property hasCredit: Douglas Elliman Real Estate27The property also has a pond next to the basketball courtCredit: Douglas Elliman Real Estate27There’s a guest house overlooking the pondCredit: Douglas Elliman Real Estate27A water feature spouts into the pondCredit: Douglas Elliman Real Estate27Over the years the property has struggled to sell and was on the market for 12 yearsCredit: Douglas Elliman Real Estate27Eventually it sold in 2019 for just £2.8m – decreasing 84 per cent in valueCredit: Douglas Elliman Real Estate