Colombian singer Shakira has had to reduce her original asking price for her Miami Beach property by $2 million. The luxury property is located at North Bay Road and it was put on the market last July with an asking price of $15 million.
Shakira purchased the luxury home in 2011 for $3.38 million (around €2.5 million). Subsequently, the singer sensation will make a profit of almost $10 million if she succeeds in selling it at this profit price.
The 770 square meter property occupies more than 2,000 square meters of land in Miami Beach. The much desired location is home to many well-known celebrities such as Alex Rodríguez, Matt Damon, Jennifer Lopez and Ricky Martin. The recently renovated luxury home was built in 1951 and consists of six bedrooms and nine bathrooms. The property enjoys luxury details such as wooden floors and a luxury kitchen with state-of-the-art appliances.
The property has quadrupled in value due to the extensive work and renovation that the house has undergone. The property includes a swimming pool, a guest house, a private gym and a wooden terrace which looks out over the mesmerizing ocean.
Once Shakira manages to sell the luxury home along the seafront, it is probable that she will move to Spain to live with her partner, Barcelona footballer Gerard Pique and his first child.