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Drake

Dumping Massive Miami Condos

... From 'I'm on One' Video

1/18/2012 12:50 AM PST BY TMZ STAFF

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Drake is trying to unload 2 massive luxury beach condos he owns in Miami, TMZ has learned -- and you might recognize them ... because they're featured in the rapper's music video for "I'm on One."

Drake put the properties up for sale last week -- located right next door to each other in Miami's ritzy Marquis highrise -- listing one for $1.9 million and the other for $599,000. Drake combined the two into one MASSIVE condo, and lived in both simultaneously.

The larger one is a sprawling 3,800 square feet with 3 bedrooms and 3.5 bathrooms. The "smaller" one-bedroom condo is still gigantic ... at 1,675 square feet.



Drake purchased the properties together in January 2011 for a combined price of $1.903 million. So, if Drake gets his asking price ... he'll make $596,000 in profit (even though no one ever gets their asking price).

But still, it's pretty awesome -- considering all the other famous people who've been forced to sell their real estate at massive losses ... including Beyonce, Terrell Owens and Chris Tucker.

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25 COMMENTS

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1.

Steinberg    

Ummmmmmmm who? o_0

946 days ago
2.

Phreaky    

Drake looks like he has Down's syndrome and is a mediocre (at best) entertainer.

946 days ago
3.

joecrabs    

Who the F??? is Drake?

946 days ago
4.

Truth    

Of course he wont get his asking price... in general condos are less favorable than houses in a down recessed market. His condos arent even famous or specifically ritzy and being a rapper might even lower the price. Sounds like the market is down and these 2 properties are mortgaged to the hilt. Business mgr told the douche Canadian to sell... Next. #Truth!!

946 days ago
5.

Patterson23    

Upon entering the music business all artist's should be forced to watch MC Hammers life story!

946 days ago
6.

LAWRENCE    

I wouldn't worry about a thing there Drake considering I've never heard of you before.

946 days ago
7.

TJones    

Wow! Slow day TMZ?

946 days ago
8.

janja    

I'm canadian like drake, but this guy is so totally over rated. He sounds like he's ready to fall a sleep every time I hear him. All the money he make even before he had his release just from talk about him. I just don't get what people are listening to him for.

946 days ago
9.

Mumra the Ever Living    

Wow, after listening to that massive talent, I'm going out and getting a giant DRAKE tattoo on my forehead.

946 days ago
10.

PhillipP    

Drake is half Jewish on his mom's side, he knows how to handle his money unlike all these other guys.

946 days ago
11.

Pebblebeach    

In this economy, who ever he is would be lucky to get his original purchasing price...

946 days ago
12.

Sammie    

How come Occupy doesn't attack these people? Or the Kardashians? Or ANY of Hollywood? Talk about horrific WASTE of money for baubles that entertain them for a moment. Could it be the 1% only counts when it is a business (who employs 1000's of people unless you are GE, Apple, Microsoft, or any other of Obama's favorites who can outsource all they want with nary a peep of complaint and pay themselves ridiculous salaries) or any business person who is conservative politically? If you check the list of those Occupy attacks, it is not the Liberals nor is it any of the Democratic lawmakers like Pelosi who she and her husband make a mint off inside info they learn and have voted themselves the ability to use information they get in Congress before anyone else knows. They can earn, spend and do whatever the heck they want with impunity. But not if you are a Republican. That is why I don't like Occupy. They are hypocrites.

946 days ago
13.

Carl    

He hasn't made anything until it sells, so it is ridiculous to assume he'll make a profit while everyone else took a loss at this point.

946 days ago
14.

Tim    

That's just lovely. God help us all........

946 days ago
15.

_][ Character_Assassin ][_    

I just played the video. This guy SUX!

946 days ago
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