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Ricky Martin FINALLY Sells His House After Five Years On Market

| Filed under: Ricky MartinFor Reals Estate

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Ricky Martin's pocketbook can heave a sigh of relief!

His Miami home is finally off the market … but he won't be making too much profit off it.

Originally dropping $10 million on the mansion, Ricky finally conceded to a $10.6 million offer.

The Latin star originally wanted 19.8 million clams in 2008, but when the housing market went down the toilet, he retracted the offer and came back with $12.5 million in 2010.

Property taxes on the home are around $106,000 a year so getting his fifth South Florida house off his hands is definitely a plus!

Check out the GORGEOUS pics (below) of Ricky's former pad!

[Image via Zillow.com.]

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2 comments to “Ricky Martin FINALLY Sells His House After Five Years On Market”

  1. Miami Realtor says – reply to this


    1

    Perez, check your sources, you've got the wrong house… the house in the pictures is located in Golden Beach and is still on the market for 17.9M. The one he just sold is on N. Bay Rd, which was listed for 12.5M. I know my luxury market… I'm sure it looks more sensational to show that he's sold a house for almost half the price he wanted for it, but that is just not the case… Miami may have suffered in the recent past, but not that much, trust me!

  2. yep says – reply to this


    2

    My parents are buying his miami house, this is not the house. Should probably check your sources.