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Ricky Martin Makes Real Estate Moves on Both Sides of the U.S.

‘Livin’ La Vida Loca’ singer is selling his Upper East Side condo and has bought a Beverly Hills mansion

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"Livin’ La Vida Loca" singer Ricky Martin has been shaking his bon-bons in real estate markets on both sides of the U.S., snapping up a $13.5 million Beverly Hills mansion and putting his Manhattan condo up for sale for $8.4 million.

The 44-year-old father of twin boys, who has recently become engaged, has snapped up a $13.5 million mid-century 11,300-square-foot-mansion in the Beverly Crest neighborhood of Beverly Hills, close to the famous Beverly Hills Hotel, according to Trulia.

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Mr. Martin, who is gearing up to take up his own residency in Las Vegas in 2017, got a discount to boot, as the home was originally priced at $16.9 million when its owner first put it on the market back in May of this year, according to the Los Angeles Times.  

Set on almost an acre of land, the seven-bedroom, eight-bathroom property was fully redesigned this year and boasts a master suite with a floating fireplace, several outdoor seating areas, a 40-foot infinity swimming pool, a  movie theater with an adjacent bar/lounge and an 800-bottle air-conditioned wine cellar, the listing showed. Each bedroom has access to sunny courtyards.

At the same time, the Puerto Rico-born singer put his 3,147-square-foot condo on the market, with an $8.4 million asking price. It's located at 170 East End Ave., a Peter Marino-designed luxury condominium overlooking Carl Schurz Park on the Upper East Side.

Mr. Martin’s condo has four bedrooms, including two master suites with six-foot tubs, four-and-a-half bathrooms, a study, multiple walk-in closets and white oak parquet floors, according to the listing.

Amenities in the building include 24-hour concierge, a doorman, a fitness center, pilates and yoga studios, a golf simulator, playroom, screening room and arcade game room.

According to property records, the apartment was purchased through an LLC called Munico Properties in 2012 for $5.9 million. Data from Realtor.com showed that the name associated with the transfer is Fernando Fernandez, who appears to be Mr. Martin's half-brother.

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Dennis Mangone, the listing agent for the Manhattan condo, and Joshua and Matthew Altman, the buying agents for the Beverly Hills homes, all of Douglas Elliman Real Estate, did not respond to request for comment. Jana Bezdek, the listing agent for the Beverly Hills property and a spokeswoman for Mr.  Martin also did not respond to request for comment.

Realtor.com contributed to this story