Former home of Enrique Iglesias back on the market at a lower price

The founder of Pompano-based PetMed Express, who bought the place from Iglesias in 2004, asks $21.5 million

TRD MIAMI /
Nov.November 12, 2016 05:00 PM

The founder of Pompano Beach-based PetMed Express put the Miami Beach residence he bought from recording artist Enrique Iglesias back on the market with a lower asking price.

Marc Puelo listed the home for sale with One Sotheby’s International Realty for $21.5 million after another realty firm failed to find a buyer last year, when the asking price started at $24.95 million and went lower before Puelo pulled the property off the market.

Public records show that Puelo, an anesthesiologist who founded PetMed in 1996, bought the five-bedroom home on Sunset Isle I in Miami Beach from Iglesias in 2004 for $7.85 million.

PetMed is a publicly traded pet-medication delivery service listed on the NASDAQ market under ticker symbol PETS.

Puelo’s bright yellow property occupies a lot measuring about half of an acre and features 150 feet of frontage on Biscayne Bay with views of downtown Miami. A full palette of colors light up the property’s exterior at night.

The Wall Street Journal also reported that the Latin pop star’s former residence comes with a guest house, an outdoor kitchen with a cover, a swimming pool that overlooks the bay, and a private dock.

Puelo told the Journal he has spent more than $4 million on improvements to the property, which spans about 6,700 square feet.

One Sotheby’s International agent Mirce Curkoski, who shares the listing for the residence with colleague Albert Justo, told the Journal the luxury home market has slowed since the Puelo initially put it on the market in 2015. [Wall Street Journal] — Mike Seemuth            


Related Articles

arrow_forward_ios
Four Seasons Residences at The Surf Club with Tommy and Thalía Mottola (Credit: Craig Barritt/Getty Images)

Thalía and Tommy Mottola pay $8M for Surf Club Four Seasons condo

Thalía and Tommy Mottola pay $8M for Surf Club Four Seasons condo
Paul Pogba and One Thousand Museum (Credit: Laurence Griffiths/FIFA via Getty Images)

Manchester United’s Paul Pogba joins Beckham at Zaha Hadid condo tower

Manchester United’s Paul Pogba joins Beckham at Zaha Hadid condo tower
Bobbie Holt and Daniel de la Vega

One Sotheby’s acquires Vero Beach brokerage

One Sotheby’s acquires Vero Beach brokerage
Ben Moss

Ben Moss to head Compass’ National Sports & Entertainment Division

Ben Moss to head Compass’ National Sports & Entertainment Division
John Lennon and Yoko Ono with the home (Credit: Jack Mitchell/Getty Images)

John Lennon and Yoko Ono’s former Palm Beach estate hits market for $48M

John Lennon and Yoko Ono’s former Palm Beach estate hits market for $48M
From left: The Fairchild, Riley Smith, Oscar Rodriguez and Ricardo Vadia

Riley Smith team takes over sales of the Fairchild in Coconut Grove

Riley Smith team takes over sales of the Fairchild in Coconut Grove
From left: Sid Koslovsky and Felipe Azenha

Movers & Shakers: Aventura broker joins Berkshire EWM & more

Movers & Shakers: Aventura broker joins Berkshire EWM & more
Pharrell Williams (Credit: Craig Barritt/Getty Images)

He must be happy: Pharrell buys $30M Coral Gables home

He must be happy: Pharrell buys $30M Coral Gables home
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...