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.]
Tags: house, miami, miami beach, real estate, ricky martin