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."
Justin Sutcliffe / SIPA PRESS
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.
With reporting by KC BAKER