Monday, April 23, 2012

Monday Morsel: Ricky Martin Unloads in Miami

SELLER: Ricky Martin
LOCATION: Miami, FL
PRICE: $10,600,000
SIZE: 9,491 square feet, 7 bedrooms, 8 full and 2 half bathrooms

YOUR MAMAS NOTES: It only took (close to) five long years but bon bon-shakin' Puerto Rican pop star Ricky Martin has finally unloaded his big bay-front mansion in Miami Beach, FL for $10,600,000.

Much tatted Mister Martin purchased the hulking house in May 2005 for $10,000,000 and—and far as we can tell—first put it on the (open) market during the summer of 2007 with an asking price of $16,900,000. At least one report in The Miami Herald shows the price tag went as high as $19,500,000 (in 2008) and listing information we coaxed out of the internets indicates the waterfront mansion was last listed in mid-April with a $12,500,000.

Celebrity gossip juggernaut TMZ reported in early December last that Miami-lovin' megastars Jay-Z and Beyoncé toured Mister Martin's not exactly humble abode but so far there isn't any proof we've seen that suggests they are the new owners. More like they new owner is a professional athlete or wealthy businessperson. We shall see.

Anyhoo, listing information and property records indicate the gated Mediterranean was built in 2004, measures a gigantic but hardly gargantuan 9,491 (or 9,165) square feet with 7 bedrooms and 8 full and 2 half bathrooms plus separate guest quarters located across the center motor court from the main house.

Stone and wood floors run throughout the very grown up and architecturally detailed residence that includes intricately articulated ceilings, carved stone columns and fireplaces, and an almost alarming number of archways and arched windows, many of which suck up the glittery, northwesterly bay views. Iffin we were the betting sort—and we're absolutely not—we'd wager both our long-bodied bitches Linda and Beverly that listing photos show the posh pad entirely staged and the very spare, Armani Casa-like day-core is not a complete representation of Mister Martin's full decorative magilla.

A second floor loggia looks down on the heated, dark-bottomed swimming pool, spa and sunbathing terraces, over the private boat dock and across the Biscayne Bay. The gated residence fronts swank North Bay Road near homes owned by Barry Gibb and a couple of professional basketball dribblers we've never heard of (Dwayne Wade and Chris Bosh).

As it turns out, this ain't the first North Bay Road residence Mister Martin has owned or the only mansion in south Florida he's sold in the last year. Oh, no children, he's been riding in this particular real estate rodeo since at least March 2001 when the hot-bodied daddy of twin toddlers paid $6,400,000 for a 7,000-plus square foot mansion on North Bay Road that he sold in May 2005 for $10,600,000.

In April 2007, just about the same time he put his house on North Bay Road mansion on the market—the one that's just sold for $10,600,000—Mister Martin dropped a mouth drying $16,250,000 on a second south Florida mansion 10 or 12 miles up the coast, this one a nearly 10,000 square foot Mediterranean iwith 4-5 bedrooms and 6 bathrooms. By the end of the year, perhaps stricken with a wicked case of The Celebrity Real Estate Fickle, he'd flipped the property back on the market with a substantially higher asking price of $22,500,000. There are reports on the interweb that say Mister Martin sold the house last September (2011) for just $6,300,000, a toe curling ten million less than he paid, not counting carrying costs, improvements and real estate fees. Howevuh, no disrespect to any of our real estate gossip compadres but property records Your Mama peeped show the ocean front mansion still owned by the same limited liability company (allegedly connected to Mister Martin) that acquired the property in 2007. We also, for what it's worth to any of y'all, find lots of online listings that show the property actively for sale on the open market with an asking price of $17,900,000.

Mister Martin, who contrary to some reports did not marry his physically fit stockbrocker man-friend Carlos Gonzalez Abella in January (2012) in New York City, currently sings his beau-hunky heart out in the Broadway revival of Evita in The Big Apple where he's oft reported by property gossips to own a 2,637 square foot loft-like condo-crib with 3 bedrooms and 3.5 bathrooms in an impossibly chic downtown building developed by Ian Schrager and designed by Pritzker-prize winning Swiss archistars Jacques Herzog & Pierre de Meuron.

Mister Martin continues to own a substantial residence in Dorado, Puerto Rico (where the American Rockefellers once owned a vacation compound) as well as—so the celebrity real estate rumors go—a casa in Madrid and a private island hideaway in Rio de Janeiro.

listing photos: EWM Realtors International

9 comments:

Anonymous said...

That 10M loss figure cant be right?? I heard he made a boat load of money, but thats staggering if its true.

Anonymous said...

Maybe new Miami Marlin Jose Reyes new digs?

Anonymous said...

Ricky Martin sold 1309 Davies Dr. in Beverly Hills, CA on May 19, 2006 for $15,000,000. Previously he sold 5030 N. Bay Rd. in Miami Beach, FL on May 20, 2005 for $10,600,000. And before that, he sold 4344 N. Bay Rd. in Miami Beach, FL on December 10, 2002 for $3,000,000.

Anonymous said...

Correction: Ricky Martin isn't married.

Doug said...

Mr. and Mrs. Ricky look so much alike it would be like looking across the breakfast table at yourself - both good looking guys. I, on the other hand, would hate to look across the breakfast table at myself. But, I digress. The house is OK in MHO, but I can't get into really big houses. They all seem cold and lonely. And the garage? A house this big should have a huge lot with a detached garage and a room overhead where "James" lives and looks after the costly fleet...and the Honda Accord, even the rich need ONE car that will start.

Anonymous said...

The heavy brown wood detailing looks to me like an attempt to make the owner appear "masculine."

Jumpin' Jehosephat said...

If I had to look at that across the breakfast table the only eating I'd be doing wouldn't be proper dinner table behavior at all. You think I jest...

Anonymous said...
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Joseph Lipsey said...

Maybe new Miami Marlin Jose Reyes new digs?