Prince's Paisley Park Estate Will Reportedly Be Placed On The Housing Market
The "Purple Rain" artist's bank, Bremer Bank, announced that his mansion must "immediately begin to list and market" later this year.
The late Prince's oasis might soon be up for sale. According to the New York Daily News, the "Purple Rain" artist's bank, Bremer Bank, announced that his mansion must "immediately begin to list and market" in order to "take advantage of the current market." Allison Huck, a trust officer, said the sale of Paisley Park will aid in keeping up with "estate and income tax liabilities."
Sitting on a 60,000 square-foot lot, Prince's Minnesota-based abode served as a breeding ground for unreleased music with a state of the art studio, a stage where he held rehearsals, and a room full of memorabilia.
Earlier this year, it was reported that the highly decorated artist's family planned to turn Paisley Park into a museum. "It would be for the fans. He was all about the fans --- this would remember his music, which is his legacy," said Maurice Phillips, Prince's brother-in-law. "Prince was always private, but would have wanted his music remembered."
According to TMZ, Prince's family members are planning to prevent the suspected sale of his compound, which is reportedly listed at $7 million.