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
Richard Branson's Necker Island Is Almost Back Open For Business After Fire
Matt Damon And Wife Luciana Barroso To Renew Their Vows At Swanky Resort In St. Lucia
Take A Peek Inside Olivier Martinez's South Beach Eatery