One man’s loss is another man’s gain.
And Rick Ross is paying a lot of cash to get what Evander Holyfield apparently could no longer afford.
The music mogul has dropped $5.8 million to buy the foreclosed Georgia mansion of the former boxing champ, according to RadarOnline.
Home sweet home: Rick Ross paid $5.8 million for Evander Holyfield’s 109 room Georgia estate
Homeowners: The 38-year-old rapper took over the former boxing champ’s 235 acre compound
The 38-year-old rapper purchased the home which Evander had to sell to a bank at a public auction as part of a foreclosure for $7.5 million in 2012.
The enormous 54,000 square-foot mansion sits on 235 acres and is the largest single family home in the state of Georgia.
Located outside of Atlanta, the compound features 109 rooms, including 12 bedrooms and an astonishing 21 bathrooms.
Unreal estate: The home is located just outside Atlanta
Grand: A palatial staircase leads to the second level
Lots of room: The estate features 12 bedrooms and 21 bathrooms
Pricey: The mansion reportedly cost Evander one million dollars a year to maintain
Other amenities include a bowling alley, home theater and a 350,000 gallon pool.
If that wasn’t lavish enough, there’s also a seven-stall barn, baseball field with lights and a scoreboard, an indoor pool, separate boxing gym, recording studio, and guest house.
Holyfield once claimed the home cost more than $1 million annually to maintain with an electric bill reportedly costing $17,000 a month.
The mansion has been among the sources of the boxer’s financial problems, which also include constant court battles over child support payments.
According to the Atlanta Journal Constitution, the 51-year-old heavyweight champ has 12 children by six women and has battled child support cases in Georgia, Texas and California.
Take a dip: At 350,000 gallons, it has one of the largest private pools in the country
Stay warm: It also features an indoor pool for use during the winter
Unfurnished: There are plenty of rooms to experiment with decorating
Room with a view: Luxurious curtains line the windows
TMZ said the home was sold at public auction and that part of the proceeds would go toward settling back federal taxes.
The entertainment site said Holyfield owed more than $14 million on the house.
In an interview with Revolt, Ross opened up about buying the lavish home and how he hopes it will give inspiration to young children.
‘I just felt like me acquiring that property is me really speaking to some kids and giving them that same passion and they’re looking in my eyes and me telling them, ‘Yo, this is real.’
‘I feel like somebody needs to see that. Somebody needs that inspiration. So, we’re going to open the doors to the kids of New Orleans, from Atlanta, from Miami and open their minds a little bit.’
Expensive: Evander sold the house to a bank as part of a foreclosure
Light it up: The home reportedly ran up monthly $17,000 electric bills
Aerial view: The compound is the largest home in the state of Georgia
In career news, the Maybach Music Group founder is set to drop his latest record, Mastermind, on March 4th.
The first single is called The Devil Is A Lie and features Jay-Z.
It’s his sixth studio album which also includes collaborations with Kanye West, Lil Wayne and Jeezy.
Mogul: Rick’s new album Mastermind drops on March 4th
