If the information was correct from our sources back in July of 2007 and this Miami Beach home did not sell then for $16.9 Million, we can deduce that Ricky Martin’s Miami Beach home is now back on the market at a discount of over $3 Million.
North Bay Road Mansion – Listing price $13,500,000 $12,500,000
The home’s listing history shows it went on the market in February of 2007 for $16.9 Million, was decreased to $15.9 in February of 2008, then increased to $19.5 Million a day later and was taken off the market in June of 2008. Talk about a pricing roller coaster! Fact is, it’s still a gorgeous bay front home with a very picturesque celebrity history which is very positive and very Miami.
It’s a 9,491 square foot home with 7 bedrooms, 8 bathrooms and 2 half-baths. It sits on a 105′ X 184′ lot with 105′ of open bay frontage. It has a 4-car garage, private dock, media room, elevator and plenty of incredible and luxurious details – perfect example of Miami Beach Luxury Living.
The Multiple Listing Service’s description reads as follows:
Mediterranean masterpiece with breathtaking open bay views from every room. Featuring 7 bedrooms, adjoining courtyard-view guest quarters, 8 full baths, 2 half baths including cabana, fully wired media room and elevator. This private estate is the epitome of luxury living featuring the finest in detailed finishes including solid mahogany doors, ceiling treatments, fireplaces, travertine marble throughout, and crown moldings. Spacious gourmet kitchen, formal dining room, full bar. Jacuzzi and pool.
I love the fact that Miami is packed with Celebrity Properties. It’s common knowledge that these properties sell for more because of their former owners. Truth is that because they are desirable, Miami Beach celebrity homes carry a hefty price tag.
If you are not into Miami Beach, maybe Ricky Martin’s ocean front Golden Beach home will interest you instead.
Do you want to buy or sell your Miami Condo or Home? Contact Ines Hegedus-Garcia for Team Miamism. We pride ourselves in top customer service and have become a go-to source for the media when it comes to Miami and Miami Beach real estate market knowledge. And we answer our phone!
Call Ines: 305-206-9366
Email: info@miamism.com
© 2006 - 2013 Miamism™ - All Rights Reserved.
[...] examiner published today that Beyonce and Jay-Z may buy Ricky Martin’s home in Miami Beach. We’ve told you about this home before and the fact that it has been lowered from its 2007 [...]
[...] Ricky Martin sells Miami Beach home By: Ines Hegedus-Garcia on April 19, 2012 Welcome to Miamism.com – A Miami Beach Real Estate Resource and Lifestyle Blog – If you're new here, you may want to subscribe to our RSS feed. Thanks for visiting!Ricky Martin sells his Miami Beach home for $10.6 Million, according to the recently closed sale showing in the multiple listing service. He listed the home for sale back in 2007 for $16.9 million and did not sell. Then the house was put back on the market in 2010 for $12.5 Million. [...]