November 21, 2012 11:27 AM
Ricky Martin has sold his Miami mansion for $12.8 million.
The oceanfront 9,882 square-foot property boasts 5 bedrooms, 7 bathrooms, stunning interiors and a terrace with ocean views.
Martin bought the pad back in 2007 for $16.2 million. Good thing the mega-rich Latin singer could afford taking a $4 million hit!
See more of Ricky's former home in our gallery below. La vida loca, indeed.
Photo Gallery: Ricky Martin Sells Miami Estate For $12.8M
Take A Tour Of The Luxury Retreat Where Angelina Jolie And Brad Pitt Stayed In Australia
Check Out Gisele Bundchen And Tom Brady's Picturesque Bahamas Getaway
Richard Branson's Necker Island Is Almost Back Open For Business After Fire