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

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
Victor Oladipo joined the Miami Heat earlier this year. (Getty)
Miami Heat’s Victor Oladipo buys non-waterfront Miami Beach spec home for $8M
Miami Heat’s Victor Oladipo buys non-waterfront Miami Beach spec home for $8M
Tommy Hilfiger and Grant Cardone with 605 Ocean Boulevard (Getty)
Tommy Hilfiger selling waterfront South Florida mansion to Grant Cardone for $28M: sources
Tommy Hilfiger selling waterfront South Florida mansion to Grant Cardone for $28M: sources
Tomo Kipp, LeBron James, Jeff Conry and the Crystal View Court Mansion. (Getty, iAero, Compass)
Former Coconut Grove mansion of LeBron James sells for $13M
Former Coconut Grove mansion of LeBron James sells for $13M
Major Food Group's Jeffrey Zalaznick and Mike Piazza with the Miami Beach mansion (Getty, The Jills – Photography by Luxhunters)
Hall of Famer Mike Piazza sells waterfront Miami Beach mansion to Major Food Group partner
Hall of Famer Mike Piazza sells waterfront Miami Beach mansion to Major Food Group partner
Ava F. Roosevelt (Getty, Google Maps)
Widow of FDR’s grandson sells Palm Beach home
Widow of FDR’s grandson sells Palm Beach home
Lionel Messi and photos of the Regalia unit (Getty)
Goooooool: Lionel Messi’s family scores condo in Sunny Isles Beach
Goooooool: Lionel Messi’s family scores condo in Sunny Isles Beach
Sean Hannity and 9 Sloans Curve Drive, Palm Beach (Getty, Google Maps, iStock)
Sean Hannity buys oceanfront townhouse in Palm Beach
Sean Hannity buys oceanfront townhouse in Palm Beach
Simon Gregg with the property (Trans Am)
Trans Am champ pulls into Palm Beach Gardens mansion for $9M
Trans Am champ pulls into Palm Beach Gardens mansion for $9M
arrow_forward_ios

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

Loading...