real estate

Prince’s Estate Wants to Sell His Houses, But Not Paisley Park, Sad News for Homeless Millionaires Who Love Purple Furniture

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Prince. Photo: Kevork Djansezian/Getty Images

TMZ reports that Prince’s estate has filed a request with a judge to sell off some of the late musician’s real-estate properties, promising it will only accept offers that are at least 90 percent of their market value. It’s unclear which or how many of Prince’s various properties the estate wants to sell, and there are a lot to choose from. In Minnesota alone, Prince’s real estate — which includes multiple houses, random buildings, and vast tracts of land — has been valued at $30 million. It seems likely that these will be the ones sold off, and not Paisley Park, site of an impromptu Prince memorial that the estate has indicated it wants to preserve. But still, no matter what happens to the $10 million complex, Paisley Park will be in your heart.

UPDATE: According to AP, no one should plan on putting in an offer for Paisley Park any time soon, despite the home/recording space/wonderland being named on the list given to the judge of properties to potentially be sold by the estate’s administrator, Bremer Trust. Bremer said in a statement on Saturday that they had “ no plans to sellthat famed Princely palace or the dilapidated house used in Purple Rain, which Prince bought just last summer for $117,000 in cash ($7,000 above the asking price). Sounds like that future Prince Museum might happen after all — here’s hoping they’ll serve 24-hour breakfast.

Prince’s Estate Says It Won’t Sell Paisley Park