Rick Ross is spending $20M on renovations after buying this Miami mansion for $35M, an architectural masterpiece about to be created by Rick Ross
Rick Ross, a rap mogul from Miami, is a powerhouse in the music industry, and he is currently constructing a magnificent residence.
The Grammy-nominated Miami Gardens rapper made headlines last summer when he paid a substantial $35 million to purchase a waterfront estate on Star Island.
The Post has learned that William Leonard Roberts II Ross, whose actual name is Ross, did not stop at that purchase price.
With an additional $20 million invested in a comprehensive renovation, he intends to convert the property into a $100 million megamansion that can compete with the lavish residences of Miami’s elite, which includes billionaires such as Ken Griffin and Jeff Bezos.
Including the expansion of its footprint by 4,000 square feet, what lies ahead is undeniably quite luxurious.
Ross told The Post, “We are thrilled to be expanding the house towards the ocean, and we are planning a rare Koi fish pond from Japan, possibly adorned with a Basquiat painting for the walls.”
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Ross was intrigued by the 12,400-square-foot mansion situated at 37 Star Island Drive a year ago. Midway through July, following approval from the Star Island homeowners association, Ross declared his acquisition with great enthusiasm via social media.
It would appear that Ross’s A-list peers are equally ecstatic about his new residences. A nearby resident, Sean “Diddy” Combs, bestowed upon Ross a golf cart as a gift to assist him in navigating the exclusive confines of the island.
However, Ross’s approach to this revision is not solely influenced by his personal preferences.
Manny Angelo Varas, a celebrity and affluent homebuilder, has been engaged to assist him in materializing his vision. Varas, renowned for his tact when dealing with prominent customers, has no qualms about designing opulent estates befitting the privileged.
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Varas told The Post, “He has grandiose intentions and desires for this to be one of Miami’s most magnificent residences; this affords us the chance to be inventive and resourceful in our approach to design and the materials we employ.” “Upon completion, this iconic residence will be among the most valuable and renowned in the city, valued at $100 million.”
Photographs of the renovation, which were obtained exclusively by The Post, reveal the mansion in its most basic form. It will, however, soon be equipped with an expansive recording and production studio as well as other opulent amenities. Renderings depict an opulent pool situated directly on the water, surrounded by opulent leisure furniture. Additionally, they feature an aesthetically pleasing exterior that is adorned with an abundance of glass, which serves to illuminate the interior spaces.
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Originally listed for $37.5 million, the property was sold to Ross by Yale Brown, an Oracle executive with extensive experience. In 1999, Brown obtained the estate for $4.6 million; consequently, Ross’s acquisition represented an enormous appreciation in value over time.
