jayzzzzzz325676698_10.jpg
MLS

Now that Jay-Z and Beyonce are gearing up to welcome baby No.1, they're also looking to expand their real estate portfolio!

The music moguls went mansion hunting last week in Miami Beach, and they made sure to stop in and check out Ricky Martin's lavish $12.5 million Mediterranean-style estate, which was just put on the market last month.

The 9,491 square-foot ocean-front pad -- which Martin purchased in 2005 -- boasts 7 beds/ 8.2 baths, a private dock, open bay views from every room, a fully wired media room, an elevator, fireplaces, marble floors, a gourmet kitchen and formal dining room, a full bar, a pool and spa, a 4-car garage and a state-of-the-art security system.

No word yet on whether the new parents-to-be have made an offer on the home, but since Martin has 3-year-old twins, it's gotta be kid-friendly!