Ice-T Loses Almost A Quarter Million On Condo

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.