When it comes to real estate, DJ Khaled is finally handing over some major keys.

The larger-than-life DJ and record label exec, 44, has finally sold his massive Miami mansion for $5.99 million, after over a year on the market. It was first listed in December 2018 for $7.99 million, as PEOPLE originally reported. The final sale price therefore marks a $2 million price cut on the home.

The five-bedroom, six-bathroom estate, which was both listed and sold by Janet Ben Zvi of ONE Sotheby’s International Realty, includes decorations fit for a king, including 14k gold chandeliers with Swarovski crystals, a gourmet kitchen, floor-to-ceiling windows and a veranda with waterfront views. Over the years, Khaled spent over $2.5 million remodeling the property.

In addition to featuring a custom room where Khaled stores his considerable sneaker collection, the four-story Mediterranean-influenced estate is also where he had his famous Hot Tub pep talks — as well as many of his other Snapchat shenanigans.

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Additionally, the property also includes a tropical-inspired pool and spa overlooking Miami Bay, where Khaled is rumored to have thrown many a wild pool party for his famous pals.

In 2016, Khaled gave PEOPLE an exclusive tour of the property — and had a full-on Belle moment showing off the soaring space he designed for his sneaker collection from a rolling library ladder.

“I love my sneaker room,” he explained. “Every sneaker in here has a certain moment for me in my career. There’s so many vibes.”

Among his favorites are an array of Air Jordans, “classic Yeezys,” Reeboks signed by JAY-Z, and slides from Khaled’s We the Best store, featuring his oft-recited slogans “Bless Up” and “Another One.”

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Proudly showing off the outdoor space, Khaled also highlighted his plants (“They’re my angels.”) and stone statuary (“The lion keeps me focused, and also he’s a protector.”)

“At night time, when the wind is blowing, the bamboo makes its own music,” Khaled shared, referencing the grove in his backyard, where he has plenty of space to practice meditation — or enjoy a visit from his massage therapist.

Source: People.com (https://people.com/home/dj-khaled-selling-miami-mansion-7-99-million/)