Reggaeton artist Nicky Jam buys Miami Beach home

He sold his Kendall home in July for $2M

TRD MIAMI /
Aug.August 21, 2018 09:15 AM

240 Palm Island Drive and Nicky Jam (Credit: Daniel Petroni Photography)

Reggaeton singer and songwriter Nicky Jam just upgraded to a newly built home in Miami Beach.

Nick Rivera Caminero paid $3.4 million for the five-bedroom, 3,617-square-foot home at 240 Palm Island Drive. The deal closed on Monday, according to Realtor.com.

The Boston-born singer of Puerto Rican and Dominican ancestry, known best for hits like “Travesuras” and “Te Busco,” sold his Kendall-area home at 9500 Southwest 94th Court in July for about $2 million, property records show. He paid about $1.8 million for that property in May 2017.

The Miami Beach home, a non-waterfront on Palm Island, features an infinity pool, two-car garage, a chef’s kitchen with Miele appliances, hardwood floors, a master suite with its own terrace and walk-in closets. The seller is 1135 Bay Harbor LLC, controlled by Sabal Development’s Pascal Nicolai. The company paid $950,000 for the 7,200-square-foot lot in 2013.

The home, completed in 2016, was last on the market for $3.65 million with Mathieu Rochette of Compass. Chad Carroll of Douglas Elliman represented the buyer. Elliman declined to comment, and Rochette could not immediately be reached for comment.

Last year, rapper and music producer Bryan “Birdman” Williams listed his waterfront Palm Island home at 70 Palm Avenue for $20 million. The former home of the late Al Capone down the road at 93 Palm Avenue is also on the market, asking $14.9 million. 


Related Articles

arrow_forward_ios
Major key: DJ Khaled sells waterfront Aventura home for 40% discount

Major key: DJ Khaled sells waterfront Aventura home for 40% discount

Major key: DJ Khaled sells waterfront Aventura home for 40% discount
Prive at Island Estates and BH3’s Charlie Phelan, Greg Freedman and Daniel Lebensohn and Gary Cohen

Privé at Island Estates developer sues Suffolk Construction over defects

Privé at Island Estates developer sues Suffolk Construction over defects
Pierre Brondeau and Palazzo Del Sol

Pesticide exec pays $14M for Palazzo Del Sol condo

Pesticide exec pays $14M for Palazzo Del Sol condo
Howard Lorber and 1525 North View Drive

Howard Lorber buys waterfront Sunset Islands home for $12M

Howard Lorber buys waterfront Sunset Islands home for $12M
2201 Sunset Drive and David Grutman (Credit: Douglas Elliman)

Hospitality mogul David Grutman lists Sunset Islands home

Hospitality mogul David Grutman lists Sunset Islands home
Jim Cohen, Fontainebleau Development’s president of Residential, and Jeffrey Soffer, with SeaGlass Jupiter

Jeffrey Soffer’s Fontainebleau Development launches sales of Jupiter Island luxury condos

Jeffrey Soffer’s Fontainebleau Development launches sales of Jupiter Island luxury condos
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
2138 Bay Avenue, Miami Beach (Credit: Google Maps)

Toronto financier pays $14M for Sunset Islands home

Toronto financier pays $14M for Sunset Islands 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...