Buy Ricky Martin’s house


Ricky Martin has listed his Miami Beach house for sale. Price? $16.9 million dollars. The waterfront estate is located at 5130 N. Bay Road, if you want to go take a look: six bedrooms, three fireplaces, a one-bedroom guest house out back, and a pool overlooking Biscayne Bay. Oh, and there’s an elevator. Very practical.

Don’t worry, he won’t be homeless–he still has homes in Los Angeles, New York and Puerto Rico. We US residents may be surprised to learn that Mr. Martin can afford such fabulous real estate, as he hasn’t had much of a hit in this country since he was “Livin’ la Vida Loca” back in…how long ago was that? 1999? Little do the gringos know, he’s a huge star in Latin America, with platinum albums and hit tours and everything. Or perhaps he’s making all his money from the real estate itself: he’s listing the home for $16.9 million, but he bought it in 2005 for $10 million. That’s a hefty profit. The last house he flipped in 2004 brought him a profit of $4 million. Who is his real estate agent?

No word where he’s going to buy next; although it will probably be somewhere more private, perhaps without his address published on the internet.

3 Comments so far

  1. Manola Blablablanik (unregistered) on March 5th, 2007 @ 12:21 pm

    It’s said that he flipped the first house not just for bucks, but because it was haunted! I’d be chasing his ass too, if I were a ghost.

  2. Li'l Pony (unregistered) on March 6th, 2007 @ 6:59 am

    When I first moved here in 2001, I took one of those boat tours of the stars’ homes. When we went past this house, the tour guide said, “This is the house of Ricky Martin. You may remember he had a hit song many, many years ago.” In 2001. Where was the Ricky love?

    Hopefully he’s down-sizing to a discreet little flat on Meridian.

  3. Joan (unregistered) on March 17th, 2007 @ 9:41 pm

    That was very smart of him to sell because right now wall street is talking the R word, recession. I’ve been thinking about unloading some of my commercial property. Some income funds are paying 26% interest. With that, he could invest all of his money and in 3 years it would have doubled to 34 million with compounded interest.

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