Miami Beach Mansion Belonging To Ricky Martin Has Finally Been Sold

23 April 2012

Ricky Martin, the singer made popular by hits such as “Shake Your Bon Bon” and “Livin’ La Vida Loca,” will no longer be living in Florida now that his Miami Beach mansion has finally been sold after having the home placed on the property market after five years.

After being able to purchase the Miami Beach mansion for $10 million in 2005, the 40-year-old singer has been placing the property on and off the market. But finally, the mansion has been purchased by a buyer whose name has not been released.

Records show that the mansion was sold for $10.6 million.

According to reports, Beyonce and Jay-Z had paid a visit to the mansion during a time when they were interesting in being able to find outstanding properties within the Miami Beach area.

The mansion was placed on the property market for $19.8 million back in 2008 but Martin’s asking price simply had to be brought down due to the fact that 2008 was also the year that the housing market had come crashing down. Years later, the mansion had gone back on the market once more for a value of $12.5 million in 2010.

According to property records, the home garners property taxes of as much as $106,000 per annum. The mansion is described to be: a Mediterranean masterpiece with breathtaking open bay views from every room.

Detailed finishes include solid mahogany doors, ceiling treatments, fireplaces, crown moldings and travertine marble all throughout the mansion. It has its an exquisite gourmet kitchen, formal dining room, and full bar. It also has a Jacuzzi and pool.