The place that is most intimately associated with late pop genius Prince may be on the bidding block.
The New York Daily News reports that the the 60,000-square-foot Minnesota estate where the singer was found dead of a drug overdose in April is ready to be sold by his bank, along with his other properties, including a Turks and Caicos property simply known as “Turtle Trails.” In total, the properties are worth more than $21 million.
Trust officer Alison Hauck of the singer’s bank, Bremer Bank, said that property sales would generate much-needed cash to pay estimated estate and income tax liabilities, as well as ongoing estate administration bills.
“Carrying these properties is not in the estate's best interest,” her affidavit said, saying that the upkeep would be too costly.
Word of the sale came to light after Bremer Trust filed court documents asking for several of the musician's properties to be listed for sale, the report notes.
Yet some in the singer’s family have already indicated that they want to turn the iconic property into a museum, making for what could be a messy battle.
The News also reports that a little over a week ago, a judge ruled that eight people could undergo DNA testing to see if they have any claim to the $500 million estate.
Read more at the New York Daily News.