J.Lo and A-Rod throw Recently Acquired Malibu Beach House back on the Market for $8 Million
Recently, we discovered Hollywood’s sweetheart, Jennifer Lopez’s penchant for real estate investment. It was only a month ago that lifestyle magazine’s headlines read of J.Lo’s Encino mansion purchase. Yet again, less than a month later, she has regained a position in top magazines and news websites, boasting about her plans to throw her recently acquired and renovated Malibu beach house back on the market.
Before we get ahead of ourselves, it is noteworthy that the property does not belong to the superstar alone, but was bought in joint ownership with her beau, Alex Rodriguez. The couple purchased the beautiful beachfront property less than two years ago from Mr. Selfridge actor, Jeremy Piven, for $6.6 million, which was renovated with the help of Fixer Upper star, Joanna Gaines. Shortly after she and Rodriguez bought the property, J.Lo talked about her “fixer-upper by the water” excitedly while she appeared on The Ellen DeGeneres Show.
After renovations, the couple thought an $8 million price tag is perfect for the property.
The 4,404 square-foot-yard residence was built in 1949 and comprises of three levels with ocean-facing decks on every floor, each providing a breathtaking ocean-front view. Overall, the beach house comes complete with five bedrooms, four-and-a-half bathrooms, an outdoor Jacuzzi, a screening room, and a dry sauna and a wet bar for “entertainment” purposes.
One of the most interesting features is perhaps the glass sliders that open to several terraces, beyond which lie 50-feet worth of golden beach sand, perfect for evening strolls. Previous owner, Jeremy Piven, spent a sum of $1.5 million on the renovations of the house, installing a carved wood swing to give off South Asian vibes on the first-floor balcony.
As is the case with most high-end luxurious mansions, the master suite encompasses the entire third floor, complete with an attached bathroom. It is difficult to say what else we can expect inside the master bedroom, as pictures of the upgraded listing have not yet been revealed. It is safe to assume, however, that there is a sitting area and a fireplace especially dedicated to the owners of the beautiful residence.
J.Lo and A-Rod have essentially stayed at their Miami mansion during the COVID-19 pandemic, and it’s easy to see why they chose it over the numerous other properties they own. Alex bought the sprawling plot of land back in 2013, in Coral Gable, Miami, and hired a team of architects to build his magnanimous mansion there. It now consists of an indoor basketball court, a screening room, a lounge, as well as a magnificent outdoor space, with a wet-edge swimming pool, a barbeque cabana, and an in-ground trampoline.
Combined, the couple boasts a real estate portfolio, including two mansions in Los Angeles, California, and a penthouse in Manhattan that is currently listed for $24 million. J.Lo also owns a nearly $10 million cottage-style mansion in the Hamptons that she bought in 2013.
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