Ice-T Loses 250K On His Condo Sale

It’s a good thing Ice-T knows how to act, rap, and carry a reality TV show … because dude just took it in the shorts — selling off his Miami condo for almost a quarter million LESS than he paid for it, TMZ has learned.

Ice-T — real name Tracy Marrow – bought the 1,956-square-foot beachfront Miami pad back in 2007 for a whopping $1.53 million.

But Ice just sold the 3-bedroom, 3-bath, stark white crib for a measly $1.29 million … which our sharp math mind calculates to be a $240,000 hit.

The condo’s got ocean views, marble floors and other awesome amenities … like concierge service, pool, spa, gym … and of course a sauna AND steam room.

‘Cause true ballers gotta have TWO kinds of heat.

See more Condo Pics at: http://www.tmz.com/2012/08/19/ice-t-sells-miami-condo/#ixzz2408HF842