Rick Ross Slashes Price of Florida Mansion

Rick Ross is trying hard to hawk his Florida home at a $125k discount -- a massive loss for him.

Da Boss bought the mansion in 2008 for $1.25 mil and spent $500k on upgrades. He listed the home for $1.5 mil in 2015 and someone made an offer but it fell through, Rick put the house back on the market and a month ago dropped the asking price to $1.375.

The house is pretty sweet ... 6 bed, 5 bath 5,695 sq. ft., marble floors, gourmet kitchen, arcade room, 2 recording studios, huge pool, jacuzzi and putting green. It will be the second Florida property Ross has unloaded ... he sold his Fort Lauderdale pad for a skosh over $6 mil earlier this year.

The rapper bought Evander Holyfield's Georgia mansion in 2014 for $5.8 mil, so he's got cribs everywhere ... but like another famous rapper said -- mo money mo problems.