The island residence on Sunset Isle I that Enrique Iglesias once called home (Credit: Curbed Miami)
The founder of Pompano Beach-based PetMed Express put the Miami Beach residence he bought from recording artist Enrique Iglesias back on the market with a lower asking price.
Marc Puelo listed the home for sale with One Sotheby’s International Realty for $21.5 million after another realty firm failed to find a buyer last year, when the asking price started at $24.95 million and went lower before Puelo pulled the property off the market.
Public records show that Puelo, an anesthesiologist who founded PetMed in 1996, bought the five-bedroom home on Sunset Isle I in Miami Beach from Iglesias in 2004 for $7.85 million.
PetMed is a publicly traded pet-medication delivery service listed on the NASDAQ market under ticker symbol PETS.
Puelo’s bright yellow property occupies a lot measuring about half of an acre and features 150 feet of frontage on Biscayne Bay with views of downtown Miami. A full palette of colors light up the property’s exterior at night.
The Wall Street Journal also reported that the Latin pop star’s former residence comes with a guest house, an outdoor kitchen with a cover, a swimming pool that overlooks the bay, and a private dock.
Puelo told the Journal he has spent more than $4 million on improvements to the property, which spans about 6,700 square feet.