ice-t & coco*Rapper/actor Ice-T, whose real name is Tracy Marrow, has just taken a serious hit on the sale of his Sunny Isles Beach condo.

Like a lot of property owners in South Florida, rapper/actor Ice-T took a big hit when he unloaded his Sunny Isles Beach condo according to Jose Lambiet’s Gossip Extra.

Ice-T, whose real name id Tracy Marrow and stars on “Law & Order: SVU,” sold his 26th floor, three-bedroom unit last month for $1.29 million.

You might say, what’s the problem? $1.29 million!? Well, thing is Marrow, 54, is not exactly skilled in the area of real estate.

Bottom line, he wife Coco bought the 2,000-square-foot modern-looking crib, with amenities that include a sauna and a steam room, for $1.53 million in 2007.

Well, at least, according to county papers, he had enough left to pay off his $1.2 million-mortgage But … are you ready … he lost nearly a quarter mil!

ice-t & coco's former condo

Ice-T and Coco’s now former condo unit in South Florida

For more photos of the condo, click this link at Gossip Extra.