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Enrique Iglesias’ former Miami Beach home trades for $13M
It first hit the market in 2015 for $25M
Marc Puleo, the founder and former CEO of 1-800 PetMeds, sold his waterfront Miami Beach estate – a property that once belonged to Enrique Iglesias.
Puleo sold the seven-bedroom, 7,622-square-foot home at 1771 North View Drive for $13 million to a European buyer, said Julian Johnston of the Corcoran Group. He represented the seller, while Caterine Gomez of Corcoran brought the buyer.
The half-acre property first hit the market with another broker for $25 million in 2015, which means it sold at a 48 percent discount off the original ask. It was most recently listed for nearly $16 million, according to Realtor.com.
The house is on Sunset Island I, and includes a pool, gazebo, summer kitchen, a dock boatlift and 150 feet of water frontage. The property also has an interior courtyard and fountain, a guest house with a rooftop Jacuzzi and an onyx wet bar, according to the listing.
Iglesias, known as the King of Latin Pop, sold the house to Puleo in 2004 for $7.85 million, records show. He’s owned a number of homes in Miami.
Last month, a former Honeywell executive sold his home on Sunset Island II for $14.6 million, a 36 percent drop from its initial listing price.
New York developer Steve Witkoff was recently revealed as the buyer of 2805 Lake Avenue, on Sunset Island I.