Ricky Martin sells his Florida home at $ 3.5 Million loss

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15 Nov 2012

by admin

 Ricky Martin has sold his Florida home at a $ 3.5 million loss, the second home within the space of few months.

The 9,800 square foot home on the Golden Beach had been in the market for nearly two years. The Viva loca singer was asking for $ 19 million, but the home went for $ 12.8 million.
The Mediterranean style home with five bed rooms, seven bathrooms, a theater room and 108 feet private beach front was purchased by Martin in 2007 for a staggering $ 16.3 million.
It is not clear why Martin sold his home at a loss because properties along the Golden Beach are most sought single-home properties by the rich.
Martin in April sold his pad in Miami for $ 10.6 million and took a loss of few hundred thousand dollars.
The singer has reported have said that he is not spending much time in Florida. He is presently working on a musical, the Evita.