Where does Lil Wayne live? Lil Wayne has a number of homes he owns, including a home in Miami Beach. Lil Wayne's $14 million dollar Miami mansion is 20,857 square feet located on a private island called La Gorce in Miami Beach. Lil Wayne's Miami home has nine bedrooms, nine bathrooms, and has three levels with an elevator, pool, and a private dock. Lil Wayne previously owned a condominium in New Orleans with a recording studio and plenty of space for his collection of fancy cars.