Prince Estate Set to Sell Off Artist’s Vast Property Holdings

Published: August 13, 2016 | By: American Luxury Staff

A Minnesota judge has ruled that Prince’s monumental real estate holdings will be sold by a “special administrator” for no less than 90 percent their fair market value.

Prince passed away this past April of an accidental drug overdose from the drug fentanyl, which is a highly addictive opioid. When the seven-time Grammy winner was found unconscious in an elevator on his palatial Chanhassen, Minnesota, estate dubbed Paisley Park, he had no will and no natural-born heirs.

Therefore, he left all of his real estate and his expected total worth of $250-$300 million unspoken for. Since records are sealed by the court, it is unknown which of the number of Prince’s properties are going to be sold off.

On top of the 65,000-square-foot Paisley Park complex, Prince’s other holdings include a waterfront property in the Caribbean island of Turks and Caicos that is already listed for $12 million, two residential plots that total 31 acres directly across the street from Paisley Park, a $335,000 home in Chanhassen that was listed at the time of the “Purple Rain” star’s death, and a plethora of undeveloped land in the Chanhassen area.

3607 August 13, 2016 Real Estate August 13, 2016