Dwayne Michael Carter Jr., better known as Lil Wayne, paid $16.8 million for this newly built spec mansion on Miami Beach’s exclusive guard-gated Allison Island overlooking Biscayne Bay just shy of four years ago.

According to The Wall Street Journal, the 40-year-old “Lollipop” rapper is selling the contemporary home for $29.5 million.

A commercial elevator, opulent cinema theater with suede walls, wine cellar, and dedicated staff quarters with a butler’s kitchen are included in the higher price. The dock and waterfront stretch 110 feet.

In 2017, Miami developer Laurent Harari and local architect Ralph Choeff erected Lil Wayne’s futuristic spectacular on a secured half-acre lot. The seven-bedroom, 11-bath mansion has about 10,300 square feet of living area with soaring ceilings, walls of glass, and seamless indoor-outdoor spaces.

A handcrafted mahogany foyer leads to a spacious great room with a 22-foot ceiling, lacquered fireplace, and sliding glass doors to the rear. An eat-in gourmet kitchen with custom Italian cabinets, Wolf and Sub-Zero equipment, and a courtyard sits next to a dining room and family room.

A sculptural floating staircase leads upstairs to the 2,500-square-foot master bedroom, which has a sitting area, a private balcony, a walk-in closet, and two luxurious bathrooms. The tropical-inspired grounds have a huge pool, an open-air cabana with a kitchen and bath, and plenty of outdoor sitting and entertaining spaces. Cyril Matz of Douglas Elliman lists Miami. Lil Wayne has moved into his $15.4 million Hidden Hills house.