Rick Ross is set to spend more than $37 million on an extravagant nine-bedroom property located on Miami’s Star Island. The upscale island has been home to various celebrities, including Sean ‘Diddy’ Combs, Shaquille O’Neal, and Gloria Estefan over the years. In 2020, Jennifer Lopez and Alex Rodriguez added to the island’s allure by purchasing a 10-bedroom estate.According to TMZ Hip Hop, the 47-year-old rapper, who hails from the same Miami suburb as Flo Rida, is now becoming a resident of Star Island. Reports suggest that Rick plans to undertake extensive renovations on the opulent home, which spans approximately 40,000 square feet and boasts luxurious amenities like six baths, a summer kitchen, and a heated pool. The waterfront mansion also features a small wooden harbor in the backyard, providing direct access to the ocean.After the completion of renovations, Rick Ross will be able to enjoy the comforts of an entertainment area within his new home. The rapper is on the verge of finalizing the pᴜrchɑse of the estate, which was listed on the market in May.This acquisition follows Rick Ross’s previous real estate venture, the $3.5 million pᴜrchɑse of former NBA player Amar’e Stoudemire’s Miami residence approximately two years ago. Despite not having spent a night in Amar’e’s home, Rick sees the value in potential future resale.In another notable transaction, Rick Ross paid Meek Mill $4.2 million a few months ago to acquire Mill’s property in Atlanta. Rick initially purchased a million-dollar home in Atlanta out of curiosity when he first started earning significant income as a rapper. Reflecting on his fascination with homes, Rick mentioned buying the property to ride by it daily, describing it as a play in his journey.One of Rick Ross’s most remarkable achievements in real estate is the acquisition of a staggering 109-room mansion in Georgia called The Promise Land, previously owned by Evander Holyfield. This property stands as a testament to Rick’s success and affluence in the world of luxury real estate..