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Ricky Martin Sells His Miami Beach House

Posted by Jose Lambiet , April 20, 2012 Print

Ricky Martin’s house-with-a-view: Sold, for $10.6 million (Click on the photo for the tour)

Livin’ La Vida Loca singer Ricky Martin has finally sold his breathtaking Miami Beach mansion, Gossip Extra has learned.

According to MLS real estate records, the sale — for $10.6 million – closed yesterday.

Ricky Martin, who now performs in Evita on Broadway (Click on the photo for a tour of his house)

The name of the buyer has yet to be published in Miami-Dade County records. However, news reports in December claimed that musical power couple Jay-Z and R&B star Beyonce were house-shopping in Miami Beach and took a long look at Martin’s mansion.

– Click here for the grand tour

The 10,000-square-foot seven-bedroomer faces the bay from North Bay Road, just a long three-pointer from the homes of Miami Heat stars Dwyane Wade and Chris Bosh and up the road from Bee Gees frontman Barry Gibb.

Martin, who now stars in Evita on Broadway, wanted $12.5 million. But the house, built in 2004, was sitting on the market on and off for nearly five years!

The Puerto Rican singer bought it in May 2005 for $10 million, according to records. He paid $106,000 in property taxes last year.

The property was listed for $19.5 million in 2008, but Martin steadily decreased his price as the economy went south.

– Click here to tour the South Florida homes of celebrities

Martin, 40, has been a visible, well-liked presence in South Florida for almost 20 years. But the North Bay Road house is his second was not Martin’s only property on the market. His beachfront mansion in Golden Beach is up for sale for $17.9 million.

Check below for more South Florida homes of celebrities, including Rush Limbaugh, Dwayne The Rock Johnson and Kid Rock:

– Hulk Hogan finally sells his house — but doesn’t get any of the dough!

– Check out the house that costs Rush Limbaugh half a million dollars a year — in taxes

– TV Talker Rosie O’Donnell bails on Miami Beach

– The Rock buys new rock pile near Fort Lauderdale

– Kid Rock buys Jupiter Inlet Colony tear down

– Could Lady Gaga really be moving to Wellington?

– New York’s first daughter sells her Wellington pad

– American Idol judge Jennifer Lopez loses love nest to foreclosure

– We’re not worthy: Bill Gates nixes home purchase in Wellingon

– Bill Gates new neighbors: He’s good for property values

– Internet big Matt Drudge pays $1.4 million cash for new Miami digs