But before the fully-exposed heart throb heads to the open water he told PEOPLE, "I need to get my Brazilian wax."
Iglesias bragged that water skiing nude was not something new to his repertoire. "I used to do it in high school, so what's the big deal," he told to PEOPLE.
But to avoid any possible problems with law enforcement, Iglesias said he would have to wait for a dark night to fulfill the bet.
His other concern, "The water's hot in Miami," added Iglesias, "if you fall at night, there's sharks in the water. "