Ricky Martin's South Florida Sell Off

Perhaps no one told perky nippled Puerto Rican singer Ricky Martin that the South Florida real estate market is a bit dicey right now? Not only is He of the Bubbly Booty attempting to flip an ocean front residence in sleepy Golden Beach, FL for a stunning $22,500,000 (he paid just $16,250,000 for the property in April of 2007), word is spreading up and down Collins Avenue that the bon bon shaker has re-listed his Miami Beach residence for $19,500,000.

The 9,491 square foot N. Bay Road property with its 7 bedrooms and 8 bathrooms had previously been listed at $16,900,000 before being taken off the market five months ago. According to one of Your Mama's Miami Beach tattle tales, Mister Martin didn't make any improvements to the property while it was off the market, so Your Mama simply can not fathom what justifies the $2,600,000 price increase for a house that didn't secure a ready, willing and able buyer at $16,900,000 just five months ago. But, what do we know, right? This certainly wouldn't be the first time that raising the price of a home was a successful tactic for locating a stinking rich buyer.

Your Mama and the Dr. Cooter have recently booked a trip to Miami (first class tickets and an ocean front room, natch), so perhaps we'll call one of our local real estate agent pals to give us a tour of Mister Martin's big mansion on Biscayne Bay. Then again, we might just want to sit on the beach and let some good looking and shirtless beach attendant keep our gin and tonic glasses full.

The children shouldn't worry about where Mister Martin will be hanging his itty bitty bathing suit next. As far as we know, he's still got his big casa in Dorado, Puerto Rico and the somewhat newly acquired multi-million dollar pied a terre at the uber exclusive 40 Bond building in Manhattan. We also imagine (but have no proof or information) that Señor Bootylicious out looking for a new Miami Beach area residence with a good looking and well connected real estate agent.

Ricky Martin Re-lists (South Beach Condo Blog)