05/09/2012 02:19 pm ET Updated May 10, 2012

Billy Joel Puts $14.75 Million Miami Beach House On Market (PHOTOS)

Play "New York State Of Mind" in reverse, because Billy Joel may be hopping a flight away from and not to Miami Beach.

The 63-year-old piano man recently put his South Florida waterfront mansion on the market for a cool $14.75 million.

The Mediterranean-style mini-palace, which boasts 8,881 square feet, is located on La Gorce Island, an exclusive neighborhood where stars like Cher, Lil Wayne, Ricky Martin and Shakira have lived.

La Gorce neighbors Lil Wayne and Ricky Martin also recently put their homes there on the market. Why the mass celeb exodus from this posh stretch of sand?

Joel reportedly bought the Miami Beach house for $13.6 million in 2006.

It has 7 bedrooms and 9 baths, a gourmet chef's kitchen, an outdoor kitchen, an elevator, a 4-car garage beautifully enveloped in vines, and a whopping 150 feet of gorgeous waterfront.

Click below for a tour of the piano man's Miami Beach home:

Billy Joel's Miami Beach Mansion