Located in Miami Beach’s exclusive Star Island is a luxurious estate that was recently placed on the market by world-renowned singer Gloria Estefan.

The home has 7,988 square feet of living space with seven bedrooms and eight bathrooms. The home sits on 1.34 acres that includes a pool, cabana, and beautiful views of Biscayne Bay and Miami Beach.

The property was once a rental that cost $30,000 per month. It is now for sale with a $40 million price tag.

Estefan reportedly bought the property a little over 20 years ago for $1.8 million. She also owns another property on Star Island. Star Island has been home to various other celebrities like Shaquille O’Neal and Rosie O’Donnell. If you think the $40 million price tag on this estate is pricey, then consider that a nearby property is on the market for $75 million.