Rumors that Lil Wayne is broke are 100% WRONG. The rapper just dropped a HUGE BAG OF MONEY . . . on a new mega-mansion in an exclusive South Florida community.

Rapper Lil Wayne has dropped $17 million on this stunning Miami Beach mansion. 

The 36-year-old hip-hop megastar has snapped up this lavish waterfront pad on Allison Island, a private gated community close to the beach. 

The sprawling 10,632-sq ft residence has seven bedrooms, nine bathrooms and a huge open plan living space with 22ft ceilings. A tall mahogany-clad entryway gives way to the ultimate luxury party pad, including a movie theater with suede wall coverings. The house even has staff quarters. Oh, and if the beach is too far of a walk you can always take a dip in the pool. 

The bathrooms—comprising a modern mixture of glass and marble—are equally airy, even if privacy is somewhat compromised: They all come with floor-to-ceiling windows that look over other rooms within the home. For any seclusions, Lil Wayne and his guests likely escape to the home’s movie theater, which is decked out in suede wall coverings, oversized loungers, and a huge TV screen. See below for a better look into Wayne’s new home.

Out back is a large pool and terrace area with stunning views of Biscayne Bay.

So where did Wayne get the money for the mansion. Well first off, he finally released The Carter 5 and it was a HUGE success.

Additionally, Wayne recently settled his lawsuit with Cash Money - and received a reported $20M.