Mike Tyson, one of the most iconic figures in sports and entertainment, is known for his larger-than-life persona, both inside and outside the boxing ring. Over the years, he has owned several lavish properties that reflect his success and unique tastes. This article explores some of the most notable Mike Tyson houses, from his infamous Connecticut mansion to his recent real estate investments in Florida.
The Former Mike Tyson and 50 Cent Mansion in Farmington, CT
If you’ve ever wondered where in CT did Mike Tyson and 50 Cent live and what it would be like to step inside the lavish estate once owned by boxing legend Mike Tyson and rapper 50 Cent, you’re in for a treat. The Askar family has opened the doors to their stunning 50,000-square-foot mansion in Farmington, Connecticut, showcasing its opulent features and rich history. This remarkable property, set on over 17 acres at 50 Poplar Hill Dr, is a perfect blend of luxury and entertainment, making it a captivating family retreat.
Originally constructed in 1985 for Benjamin Sisti, founder of Colonial Realty, the estate was built at a reported cost of $2.3 million. Sisti’s company later collapsed in a Ponzi scheme, leading to his conviction for bankruptcy fraud and a nine-year prison sentence. The mansion was subsequently sold to People’s Bank for $3.5 million and later to Romas Martsinkiavitchous, a Lithuanian businessman, for $2.7 million.
Mike Tyson's Lavish Modifications
Mike Tyson purchased the mansion in 1996 and invested millions in customizing the property to his tastes. The estate featured an indoor nightclub named “Club TKO,” a pink-themed bedroom, a black-and-gold lacquered four-poster bed, an indoor gym, a shooting range, a racquetball court, and an NBA-regulation-size basketball court. Tyson’s lavish modifications reflected his larger-than-life persona.
However, following his 2003 divorce from Monica Turner, the mansion was awarded to her as part of the settlement. Tyson declared bankruptcy shortly thereafter, and the estate was sold to Turner.
Read also: Mike Tyson vs. Brock Lesnar?
50 Cent's Ownership and Renovations
In 2003, rapper 50 Cent (Curtis Jackson) purchased the mansion from Monica Turner for $4.1 million, setting a record for the most expensive home sold in Farmington. He invested an additional $6 million in renovations, adding amenities such as an infinity pool, grotto, movie theater, recording studio, and a nightclub.
Despite these enhancements, the mansion proved difficult to sell. After listing the property for $18.5 million in 2007, the price was reduced multiple times over the years. In 2019, after 12 years on the market, the mansion sold for $2.9 million, significantly less than both the original asking price and what 50 Cent had paid for it.
One unique space in the mansion is the “Gucci Room.” Decorated with custom felt and Gucci fabric, this billiard room features a pool table adorned with 50 Cent’s signature. As Kevin Nathan pointed out during the tour, the casino room is another highlight of the property.
The Askar Family's Retreat
In 2019, the mansion was purchased by Florida-based businessman Casey Askar for $2.9 million. Askar, president and chairman of Askar Brands, which oversees various restaurant chains, intended to use the estate as a family retreat and for business retreats. The mansion, with its 21 bedrooms and 25 bathrooms, offers ample space for large gatherings and events.
The mansion boasts a staggering 21 bedrooms and 39 bathrooms, ensuring that space is never a concern. With seven fully equipped kitchens, entertaining guests is a breeze. The Askar family plans to use this estate as their primary family retreat, a place to escape the hustle and bustle of their winter home in Florida and enjoy the summer months with their six children. The mansion is designed to accommodate large family gatherings, making it an ideal getaway for creating lasting memories.
Read also: Mike Tyson vs. Jake Paul
Mike Tyson Luxurious Lifestyle | Exploring How He Spent Million!
Mike Tyson's Florida Properties
Florida - specifically South Florida - has long-been a magnet for celebrities, politicians and professional athletes to buy second or primary homes. And honorary Floridian and former professional heavyweight boxing champion Mike Tyson just bought his third Palm Beach County property at a whopping $13 million.
Yes. Mike Tyson has two homes in Palm Beach County as of January 2025. For years, the "baddest man on the planet" has been known for his Las Vegas roots, even making cameos in the Vegas-set “Hangover” movies. And for the last two years, he’s called Florida home, too. According to a 2022 interview with Bill Maher, Tyson confirmed that he is a Florida resident - and proud of it.
Mike Tyson said his kids live in Boca Raton, Florida and play golf and tennis in the Sunshine State. His daughter, Milan Tyson, is an aspiring tennis champ and she trains in Miami with famed tennis coach Patrick Mouratoglou. The boxing champ told Maher in their 2022 interview that he was "getting ready to move to Boca," (short for Boca Raton). "My kids, they're playing tennis and golf, and we moved to Boca. We got the house and everything," Tyson told Maher.
Tyson’s Delray Beach home is the third home he’s owned in the state. Not only did the former boxing champ buy a condo in Boca Raton a couple of years ago, he and his wife bought a $1.7 million Delray property in May 2024. And this month, they bought another Delray home to the tune of $13 million.
According to reports from The Palm Beach Post and a Jan. 13 special warranty deed, Mike Tyson and his wife, Lakiha Tyson, purchased a $13 million property in Tierra del Rey Estates, a gated community in Delray Beach.
Read also: The Legend of Iron Mike
According to The Palm Beach Post, the deed “reflects the sale of a 2.7-acre lot with a lake and a sprawling residence in an unincorporated area of Delray,” and the sale was finalized on Jan.
The Henderson, Nevada Estate
In 2015, Tyson purchased a six-bedroom, seven-bathroom estate in Henderson, Nevada for $2.5 million. The home is built in an Italian style, and measures roughly 10,400 square feet in size. Other moments of Italian influence can be seen through Mike Tyson’s home by way of the arched doorways and coffered ceilings. Detailed ironwork flanks the spiral staircases and hanging pendant lighting.
His new home includes a media room, a wine cellar, floor-to-ceiling windows, two grandmaster suites, stone fireplaces, a vanishing-edge swimming pool, a spa, an outdoor kitchen and a patio.
Tyson's Financial Resurgence
If ever there was proof needed that money isn’t guaranteed but you can work hard(er) to get it back, look no further than boxing champion Mike Tyson. While some could survive on that salary for the rest of their lives, between 1995-97, Tyson was blowing six-digit charges on pagers, cell phones and birthday parties. Limousine services were costing him $65K, and his live tiger care was as high as $8.1K.
The lavish life of Bentleys, jewelry, Bengal tigers and mansions quickly dwindled down, along with giving up his $4 million Ohio mansion that he purchased in the ’90s. It was no mystery who lived there because his name was spelled out in the iron gate. In addition to the Ohio home, he also had to part ways with his 25-bedroom Connecticut home (nightclub included) for a little over $4 million.
But in 2023, Tyson has managed to get his money back up. While he’s not making the same amount as he was a couple of decades ago, his current net worth is approximately $10 million.
Mike Tyson vs. Jake Paul Fight
Mike Tyson is ready to finally square off with Jake Paul after months of talk on November 15 at the home of the Dallas Cowboys at AT&T Stadium in Arlington, Texas. Tyson is known for his larger-than-life persona and at the age of 58 - and insanely ripped for the fight - will be a huge draw vs. the 27-year-old Paul, which means a large purse in the tens of millions for Tyson’s share.
Iron Mike, who hasn’t boxed since an exhibition in 2020 vs. Roy Jones Jr., has made over $400 million in his boxing career alone. Tyson also has deals in a clothing line, the cannibis industry, and many other partnerships. Also, he will dabble in some acting like his appearances in “The Hangover” movies.
As have a lot of people with the increasing change in the legalization of cannabis, Tyson is getting into the industry with his Tyson 2.0 company. He also went from owning tigers to being a vegan up until 2020. As a former fighter of addiction and gambling who spent three years in prison for a rape conviction, nowadays, he’s in another ongoing fight to redeem himself from all of his past ways.
Real Estate Expertise in Connecticut
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| Property | Location | Purchase Price | Key Features |
|---|---|---|---|
| Farmington Mansion | Farmington, CT | $2.9 million (by Askar family) | 21 bedrooms, 39 bathrooms, 7 kitchens, indoor pool, private theater |
| Henderson Estate | Henderson, Nevada | $2.5 million | 6 bedrooms, 7 bathrooms, Italian style, wine cellar, swimming pool |
| Delray Beach Property | Delray Beach, Florida | $13 million | 2.7-acre lot with a lake and sprawling residence |