Singing a different tune, Gloria Estefan has dropped the price of her Miami Beach guest home. The “Conga” singer is now offering the bayfront property on exclusive Star Island for $27.9 million. And while the price seems steep, it represents a 30% discount from the home’s price five years ago.
With the fresh price slice, the Latin pop star is taking another twirl at selling the compound, which is located just down the street from where she lives with her husband, Emilio Estefan.
Emilio had reportedly purchased the property with two homes for his mother. After she died, the couple rented out the guesthouses as far back as 2013, and then, eventually placed the property on the market for $40 million in 2015.
When that didn’t attract a sale, the price came down to $32 million last year.
The corner lot with 240 feet of waterfront offers unobstructed views of the Biscayne Bay and the downtown Miami skyline.
The offering encompasses a main house and a guest cottage on 1.34 acres. The larger residence is a two-story, three bedroom, Floridian-style villa with open verandas that face the bay.
Details include marble floors, arched doorways, a living room with a fireplace, dining room, piano room, and a large kitchen, all of which feature water views.
At the front of the property, there’s a separate and private three-bedroom guesthouse, perfect for hosting friends and family at a distance, or for keeping as a multigenerational family compound.
The lushly landscaped grounds feature tropical foliage, palms, a resort-style pool and spa, private dock, and sunset views.
The price may reflect the desirable locale. Calling it “truly one-of-a-kind,” the listing description notes that the location, lot size, and amenities of the residence are “like no other on Star Island.”
The lucky buyer would also be able to call the Estefans their neighbors.
The exclusive, guard-gated island in Miami Beach has long attracted wealthy and A-list owners, such as Cher, Don Johnson, and Shaquille O’Neal. Accessible by road, it’s a short drive to South Beach and the nightlife and attractions of downtown Miami.
The Latin pop sensation’s chart-topping hits are estimated to have sold 120 million records worldwide. The seven-time Grammy Award winner recently made headlines for her remake of her song “Get on Your Feet” to raise awareness of COVID-19, called “Put on Your Mask!”
Jill Eber with Coldwell Banker Realty-Miami Beach Lincoln Building holds the listing.