Boxing legend Mike Tyson who was declared bankrupt to the tune of £17million in 2003 had no choice but to sell his beautifully built mansion for £3.3m.
UK outlet Daily Star are reporting that the home was acquired by American rap superstar 50 Cent who could afford one of Tyson’s most priced assets.
It was the ‘In da Club’ crooner who could lavish such an amount on the property which is fitted with 25 bathrooms, 21 bedrooms as well as its own nightclub.
The sale of the house about 18 years ago remains the most expensive apartment ever sold in the area of Farmington – and it’s not hard to see why.
It is a 50,000 square-foot residence which also has multiple games rooms, a green-screen room and a recording studio – a handy addition for someone like 50 Cent.
The splendour begins straight after entering through the stately front-gate where visitors are greeted by a lion statue.
Inside, the décor is typical for such an incredible property, with white walls, marble floors and stunning wood panelling throughout.
Mike Tyson’s most priced home bought by rapper 50 Cent for £3.3m. Photo: NBC/NBCU
Source: Getty Images
Outside, the grounds have everything you might expect from a £3.2million mansion, including a basketball court, guest house, outdoor pool complete with its own grotto and a picturesque lake.
The 54-year-old could not outshine his opponent in the eighth round bout as they settled for a draw at the end of the match.
Though not as many fans were allowed into the arena, it was, however, a massive commercial success with 1.2 million pay-per-view buys.
Meanwhile, Legit.ng earlier reported that reigning WBC champion Tyson Fury has continued to reign insults on his countryman Anthony Joshua ahead of their proposed unification bout this year.
The 32-year-old took to social media to call out the two-time heavyweight champions, saying the Watford-born boxer should come out to battle him and learn who the real boss is.
Both boxers have been scheduled unofficially to face-off this year after Fury’s trilogy agreement Deontay Wilder appears to have been thrown into the trash can.
WHEN Mike Tyson was declared bankrupt in 2003, he was forced to sell up.
With reported debts of £17million, his prized home in Connecticut was one of his first possessions to be sacrificed.
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Mike Tyson’s former home in ConnecticutCredit: Douglas Elliman Real Estate
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In 2003, Tyson was forced to sell the property for £3.3m after declaring bankruptcyCredit: Douglas Elliman Real Estate
And it would’ve been a bitter pill for the 53-year-old to swallow, looking at the mega mansion.
Boasting 52 rooms, including 21 bedrooms, as well as its own nightclub the property is as lavish as Tyson has ever owned.
But it was needs must for the heavyweight boxing legend, and in came rapper 50 Cent who bought it from him for £3.3million the same year it was revealed he blew his fortune.
PROPERTY DEETS
When the In da Club singer bought the house from Tyson, it set a record for the most expensive home ever sold in the area of Farmington – and it’s easy to see why.
Along with those 21 bedrooms we mentioned earlier, the 50,000-square-foot abode has a 25 bathrooms, an indoor pool and hot tub, an indoor court, multiple game rooms, a green-screen room, and a recording studio.
And the opulence doesn’t end there.
Entering the property through a stately front gate, you’re greeted by a lion statue.
Walking into the home on the marble floor, a duelling wood-panelled staircase leads you to another level of the property.
As can be seen, the decor is as lavish as it gets throughout the property.
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At the entrance of the property you’re faced with opulent gates and a statue of a lionCredit: Douglas Elliman Real Estate
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Two staircases lead you to the first floorCredit: Douglas Elliman Real Estate
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The ground floor features marble floorsCredit: Douglas Elliman Real Estate
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The master bedroom offers incredible views of the gardensCredit: Douglas Elliman Real Estate
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A steel staircase in the master bedroom leads to another floorCredit: Douglas Elliman Real Estate
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The walk-in closets are glass frontedCredit: Douglas Elliman Real Estate
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Astonishingly, there are 25 bathroomsCredit: Douglas Elliman Real Estate
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This bathroom features a huge bathtub overlooking the gardensCredit: Douglas Elliman Real Estate
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The bathroom has a glass showerCredit: Douglas Elliman Real Estate
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The reception room features a Weber grand pianoCredit: Douglas Elliman Real Estate
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The 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 home is fit for someone who loves having friends round.
There are outdoor and indoor basketball courts that complete the recreational feel to the property.
There’s a room with pool tables, and another games room with poker and roulette tables – meaning you’ll never have to go to Las Vegas again.
Next to the outdoor basketball court is a pond that has an elaborate water feature spouting out and a guesthouse.
However, this property does have a chequered history in sales.
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50 Cent had the outdoor basketball court personalised with his group’s name onCredit: Douglas Elliman Real Estate
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A second basketball court can be found indoorsCredit: Douglas Elliman Real Estate
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The indoor swimming pool is one of two at the homeCredit: Douglas Elliman Real Estate
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The outdoor pool features its own grottoCredit: Douglas Elliman Real Estate
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It’s the perfect spot to top up your tanCredit: Douglas Elliman Real Estate
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The kitchen has enough space for the most avid chefCredit: Douglas Elliman Real Estate
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One games room features pool tablesCredit: Douglas Elliman Real Estate
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Another games room has poker and roulette tablesCredit: Douglas Elliman Real Estate
TOO EXPENSIVE
Over the years, the property has dropped in value rapidly – mostly because of its running costs that 50 cent complained cost him around £50,000-per-month.
In fact, it was on the market for 12 years – starting at £14million before it was finally sold last year for just £2.3million – an 84 per cent price drop.
“It’s just oversized for the market,” estate agent Jonathan Miller told Realtor.com.
“When you have a property that is well outside the norm, it takes a lot longer to sell.”
In the end, it was reportedly snapped up by US businessman Casey Askar, who owns several fast-food businesses.
Another of Mike Tyson’s amazing homes, complete with cages for his tigers, was left abandoned before it was converted into a church.
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A cinema room adds to the lavish offerings this property hasCredit: Douglas Elliman Real Estate
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The property also has a pond next to the basketball courtCredit: Douglas Elliman Real Estate
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There’s a guest house overlooking the pondCredit: Douglas Elliman Real Estate
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A water feature spouts into the pondCredit: Douglas Elliman Real Estate
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Over the years the property has struggled to sell and was on the market for 12 yearsCredit: Douglas Elliman Real Estate
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Eventually it sold last year for just £2.3m – decreasing 83 per cent in valueCredit: Douglas Elliman Real Estate
