Spanish pop star Enrique Iglesias made a $26 million splurge on a beautiful mansion in the ritzy Miami neighborhood known as Millionaire's Row, according to gossip site TMZ.

He is not moving so far – just two doors down from his old place at Bay Point – which he sold for $6.7 million. He bought the old place as a vacant lot in 1998 for $640,000, according to the celeb site GossipExtra.

The popular singer, 38, had the house built a year after buying the land, the South Florida Web site said.

"This is a home defined by privacy and exclusivity, conveniently situated near South Beach and downtown Miami," said Esther Percal, the real estate agent in charge of the sale.

GossipExtra said it doesn't know who is buying the Iglesias place, nor will it know until the transaction is registered with Miami-Dade County.

Millionaire's Row is home to some of the very famous, including Latino pop star Ricky Martin, superstar Cher, actor Matt Damon and Iglesias' own father, Julio.

According to TMZ, the new house is about 20,000 square-feet and it has a lap pool, a dock, and a tennis court — maybe for longtime girlfriend Anna Kournikova.

EFE contributed to this report.

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