By Sunny Isles Real Estate Expert on December 24th, 2012
Ricky Martin, famous for the song “La Vida Loca”, recently sold his Golden Beach home for $12.8 million, according to reports. The home is located at 641 Ocean Boulevard. It’s situated on the island on the northern edge of Miami-Dade County.
The identity of the buyer isn’t known, but they certainly did purchase quite a bit of luxury in the transaction. This isn’t the first large-scale real estate transaction for the singer in Miami. In 2011, he sold a different Golden Beach house for $6.3 million. Earlier this year, he sold a home on North Bay Road in Miami Beach for $10.6 million.
rather lacking title to describe the property that Ricky Martin sold. The $12.8 million property includes 108-feet of private beachfront along with the deal. It is a five-bedroom, seven-bathroom property with two stories. The design is Mediterranean in flavor.
Among the amenities the home includes are a gourmet kitchen and a home theater, according to reports.
The property that Martin managed to sell in April of this year was 10,000 square feet in total size. This property was located at 5130 N. Bay Road in Miami Beach. The $10.6 million price tag was picked up by an undisclosed buyer for this home, as well. This particular home has seven bedrooms and 10 bathrooms. It had garnered the interest of celebrities, including Beyonce and Jay-Z, who visited the home in 2011, according to reports. At that time, the asking price was $2.5 million.
Miami is, of course, one of the richest real estate markets in the world in terms of the sheer amount of celebrities who own at least a vacation home in the city. Combined with very private gated properties, the ability to live on islands where security is assured and condominium developments that come with 24-hour security as an amenity, there are plenty of properties in the area that have consistently appealed to the rich and famous. Some of those rich and famous individuals, such as Ricky Martin, end up purchasing several homes in the area to get in on the Miami real estate market.
Some of the most opulent homes in Miami, however, do not belong to celebrities. In addition, some of the most expensive properties in Miami are actually located in the condominium towers that make up integral parts of the Miami skyline. Some of the Miami condos for sale rival any freestanding home in terms of luxury, amenities and, in some cases, square footage.
Realtors can help individuals who have a high net worth to find properties that are suitable for them. Whether those properties formerly belonged to a movie star, a recording artist or some other high profile individual or they just happen to belong to a successful businessperson who decided to purchase a vacation or permanent home in Miami makes little difference. With the right realtor, even individuals who want to purchase at the absolute top end of the luxury market will find plenty of options available in Miami.