Ice-T Loses Almost A Quarter Million On Condo

08/20/2012
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(TMZ) It's a good thing Ice-T knows how to act, rap, and carry a reality TV show ... because dude just took it in the shorts -- selling off his Miami condo for almost a quarter million LESS than he paid for it, TMZ has learned.

Ice-T -- real name Tracy Marrow -- bought the 1,956-square-foot beachfront Miami pad back in 2007 for a whopping $1.53 million.

But Ice just sold the 3-bedroom, 3-bath, stark white crib for a measly $1.29 million ... which our sharp math mind calculates to be a $240,000 hit.

The condo's got ocean views, marble floors and other awesome amenities ... like concierge service, pool, spa, gym ... and of course a sauna AND steam room. more on this story

TMZ submitted this story.
Copyright TMZ - Excerpted here with permission.

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