Tyson Mansion
USINFO | 2013-12-18 15:16
Rapper 50 Cent's 53-room Connecticut estate – once owned by Mike Tyson – is on the market.

The 20-year-old, 50,000-plus-sq.-ft. residence, which cost Fitty (real name: Curtis James Jackson III) $4.1 million in 2003, is located in Farmington and rests on 17 acres, the Hartford Courant first reported.

It features about 19 bedrooms, 37 bathrooms, a gym, billiard rooms, racquetball courts and a disco. The asking price is unknown, but local brokers – who tell the paper the house could be a small hotel were it not for zoning laws – estimate that it is more than $10 million.

After 50 Cent bought the property, he spent up to $10 million renovating it, including the addiiton of a 40-person hot tub situated in a grotto, brokers familiar with the property tell PEOPLE.

"He's put a lot into it, and it's all very tasteful, except the stripper poles," Curt Clemens Sr., owner of Century 21 Clemens & Sons in Hartford, tells the Courant. Clemens, who represented the property when it was owned by Tyson, said he toured the house a few months ago but is not handling the sale.

On the down side, "It's an impossible house to use because of its gargantuan size," Clemens says. "Only a very minute portion of the population could afford to buy it, maintain it and would want it."

Past owners of the house, which was built in 1985, apparently have not had the best of luck. According to a timeline in the Courant, first owner Benjamin Sisti, a founder of Colonial Realty, spent $2.3 million on the residence – and he was later jailed for bilking investors out of millions.

The mansion was bought by a bank at a foreclosure auction for $3.5 million and in 1993 sold it for $2.7 million to Lithuanian businessman Romas Martsinkiavitchous – who faced bankruptcy a year later, according to the Courant.

Tyson bought the house in 1996 for $2.8 million, and listed it the following year for $22 million. After six years on the market – and a price cut to $4.1 million – the house was awarded to Tyson's second wife, Monica Turner, in their divorce settlement. 50 Cent bought it from her in September 2003.
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