The famous Puerto Rican singer Ricky Martin has managed to sell his Miami Beach mansion for 12.8 million dollars after a great effort to get a buyer for it; this mansion was acquired by the singer in 2007, and enjoys a house with a construction date of 2002 located at 641 Ocean Boulevard in Golden Beach, just 12 kilometers north of Miami Beach, Florida.
The interpreter of “Livin La Vida Loca” got rid of this Mediterranean-style house with a 2-story configuration and can offer five bedrooms and seven bathrooms and of course, spectacular views of the sea and the coast of Miami. The artist acquired the mansion for 16.5 million euros, and although he never lived in it, it is evident the loss of money was due to the real estate bubble of the time.
A mansion with access to Miami’s private beach
Like many celebrities, Ricky Martin has been characterized as having an excellent real estate investment portfolio. In addition to many properties in the United States, he owns homes in Puerto Rico and Rio de Janeiro.
The Miami Beach mansion has a facade of approximately 100 meters facing the sea and built on a plot of about 3,000 square meters. Additionally, it is replete with all the luxury and comfort that characterizes the places where celebrities live. Privacy and surveillance are guaranteed thanks to the exclusivity of the area in which this residence is built.
The mansion tried to be sold in 2009 for 17 million euros without success; then it was launched for sale again in 2010 for 18 million euros with the same negative results as the previous year. Subsequently, the 900 square meter mansion with an impressive terrace overlooking the beach was again put up for sale by its owner Ricky Martin, but this time for an amount of 14.5 million euros, without being able to find an interested party.
Ricky Martin struggled to sell his Mediterranean-style home
A sale that dodges this apartment is likely due to its high price and the market’s economic conditions when the singer tried to sell it. Beauty, luxury, and comfort abound in this Miami property, and inside, you can enjoy a movie theater and a spectacular private beach.
But the news would get better and better, and in 2012 the long-awaited opportunity for the mansion to attract a buyer willing to pay the requested price would arrive. In the end, the negotiation was closed with a large reduction in the initial cost. Ricky Martin could finally enjoy selling this spectacular mansion off the coast of Miami.
A property that was ultimately never used The singer has countless mansions at his disposal, and at that time, he had full-time work commitments in New York City with the musical “Evita,” so he was living in the Big Apple.