Rapper Rick Ross boosts mortgage on Star Island mansion to $35M
Ross paid $35M for the waterfront estate in 2023
Rick Ross took his hustling mentality straight to the bank.
The Grammy-nominated rapper and record executive, whose legal name is William Leonard Roberts II, secured $10.7 million in additional financing, backed by his waterfront Star Island estate in Miami Beach. Records show an affiliate of Brickell-basedĀ Vaster, led by Managing Director Zack Simkins, is the lender. The new debt brings his balloon mortgage principal to $35 million.
RossĀ paid $35 millionĀ for the 12,400-square-foot mansion at 37 Star Island Drive in 2023. That pencils out to $2,823 per square foot. Vaster provided the original $20 million loan in 2023, and another $4.3 million in July of last year, based on a 50 percent loan-to-value ratio.
Rossā nearly 1-acre estate has six bedrooms, eight bathrooms, one-half bathroom, a home office, covered terrace and pool deck with a summer kitchen. The property has 100 feet of water frontage on Biscayne Bay and a 40-foot dock.
Ross, who grew up in the Carol City neighborhood of Miami Gardens, founded the record label Maybach Music Group in 2009.
At the time of his Star Island purchase, hisĀ neighborĀ Sean āDiddyā Combs, gifted Ross a golf cart, according to a post on Instagram. Combs is in federal prison serving a 50-monthĀ sentenceĀ for prostitution-related convictions. Ross was the first artist signed to Diddyās management company, Ciroc Entertainment, in 2009.
Star Island, with about 30 homes, experienced turnover shortly after the pandemic began. Buyers who included billionaire hedge fund manager Ken Griffin moved in.Ā GriffinĀ now controls about 6.5 acres of contiguous land on the island.
About a year ago, billionaire developer Vlad Doronin sold his estate on the islandĀ for $120 million, a record at the time for home sales in Miami-Dade County. And in the fall, billionaire Russell WeinerĀ paid $35.3 millionĀ for the 1.1-acre property at 43 Star Island Drive, which previously belonged to former talk show host and comedian Rosie OāDonnell.
News
HE LOOKED AT ME AND SAID āDONāT BELIEVE WHAT YOU HEAR ā WIFE REVEALS THE FINAL 9 WORDS SHAMAR ELKINS SPOKE BEFORE EVERYTHING CHANGED She says the moment felt ātoo calm to be normalāā¦ like something had already been decided. š But what he did 3 minutes later has investigators questioning whether that sentence was actually a warning
Wife of Shamar Elkins Recalls Final Words Before the Timeline Shift ā While Investigators Reassess What Happened in the Minutes That Followed The wife of Shamar Elkins has shared what she describes as the last clear sentence she remembers hearing…
A SINGLE CAMERA CAUGHT HIMā¦ THEN SUDDENLY DIDNāT Security footage shows Shamar Elkins clearly entering frame ā but the recording abruptly cuts out at the exact moment he should still be visible. š Engineers say the system did NOT failā¦ but no one can explain what triggered the interruption
Security Footage of Shamar Elkins Raises Questions After Abrupt Recording Interruption at Critical Moment Investigators reviewing surveillance footage connected to the case involving Shamar Elkins say a key piece of video evidence has taken an unexpected turn after engineers analyzed…
HE DELETED 4 YEARS OF SEARCH HISTORY IN 90 SECONDS ā DIGITAL FORENSICS UNCOVER SHAMAR ELKINSā FINAL ONLINE ACTIONS
HE DELETED 4 YEARS OF SEARCH HISTORY IN 90 SECONDS ā DIGITAL FORENSICS UNCOVER SHAMAR ELKINSā FINAL ONLINE ACTIONSForensic analysts say Shamar Elkins wiped large portions of his phone activity in under 2 minutes before the attack.What remains shows repeated…
THE CHILD SAID āHE WAS DIFFERENT TONIGHT ā SURVIVORāS 6-WORD STATEMENT THAT SHATTERED THE OFFICIAL TIMELINE
THE CHILD SAID āHE WAS DIFFERENT TONIGHT ā SURVIVORāS 6-WORD STATEMENT THAT SHATTERED THE OFFICIAL TIMELINEOne of the surviving children reportedly told police that Shamar Elkins was not himself hours before the incident.That single sentence has now forced investigators to…
I THOUGHT HE WAS PRAYING ā NEIGHBOR RECALLS THE 7 MINUTES OF SILENCE BEFORE SHAMAR ELKINS RETURNED TO THE SECOND HOUSE
I THOUGHT HE WAS PRAYING ā NEIGHBOR RECALLS THE 7 MINUTES OF SILENCE BEFORE SHAMAR ELKINS RETURNED TO THE SECOND HOUSEA neighbor living just 200 meters away says she saw Shamar Elkins standing alone outside his vehicle for nearly 7…
SHE WAS SUPPOSED TO CALL ME BACK: A family member says Ashlee Jenae promised to ring later that night ā yet police analyzing her phone activity noticed an unexplained gap in the call log just minutes after the argument with Joe McCann
A Relative Says Ashlee Jenae Promised to Call Later That Night ā But Investigators Noticed an Unexplained Gap in Her Phone Activity After the Argument With Joe McCann A family member of Ashlee Jenae says the last conversation they had…
End of content
No more pages to load
