DJ Khaled has officially cashed out on a new mansion in Miami Beach, retailing at $25.9 million.
While the contract is not officially locked in, the “We The Best” artist is looking at a 13,000 square foot crib with five bedrooms, a home theater, a double-height foyer, a marble fireplace, and an open chef’s kitchen.
Khaled will be purchasing the approximate 1-acre property from Michael Lerner, the man who created the Baby on Board car signs in the 1980’s.
Reportedly, Lerner built the mansion after scooping the land for $4.95 million in 2013, and then moved to Palm Beach.
The waterfront estate also features a bi-level gazebo, an outdoor shower, a four-bedroom guesthouse, and an 80-foot long swimming pool.
DeRon Beasley is the founder and Editor-in-Chief of FreshAsFrankie.com. After starting out as a musician-producer he went on to study the music business and work in Urban Promotions, followed by artist management. Mr. Beasley entrepreneurial spirit has led him to launch numerous businesses in music and fashion marketing. He’s a huge fan of the ’80s and ’90s Hip Hop and R&B, and he’s a firm believer that Hip Hop Music will never die.