J-Lo and A-Rod part ways with Malibu “fixer-upper” for $6.8M

Celeb couple listed the property earlier this summer for $8 million

TRD LOS ANGELES /
Sep.September 16, 2020 03:45 PM
Jennifer Lopez and Alex Rodriguez with their Malibu beach house (Getty; Courtesy Compass)

Jennifer Lopez and Alex Rodriguez with their Malibu beach house (Getty; Courtesy Compass)

That was fast: Jennifer Lopez and Alex Rodriguez found a buyer for their Malibu beach house just two months after putting the three-story home on the market.

The home sold for $6.8 million, slightly more than what they paid when they purchased the property last year, according to the Wall Street Journal. It hit the market in late July asking $8 million.

The couple bought the 4,400-square-foot home from actor Jeremy Piven and planned to renovate with help from Joanna Gaines, the shiplap-loving star of HGTV’s “Fixer Upper.” A source told the Journal that the renovation never happened, although listing agent Carl Gambino said the electrical and plumbing systems were overhauled and some walls were reframed.

The house has five bedrooms and 4.5 bathrooms, along with balconies on each floor to maximize the views over the Pacific Ocean. There’s also 50 feet of beach frontage.

The couple has been making some big real estate moves in the past couple of years: In addition to the Malibu property, they sold an apartment at 432 Park Avenue in New York for $15.75 million.

Most recently, they snagged a huge mansion on Miami Beach’s Star Island for $32.5 million. The waterfront mansion spans 15,000 square feet and has 100 feet of water frontage.

Rodriguez’s former Yankees teammate Derek Jeter listed his Tampa Bay mansion this week for $29 million. Tampa Bay Buccaneers quarterback Tom Brady and his wife Gisel Bündchen are currently renting the 30,875-square-foot home. It’s the largest and most expensive home on Tampa’s Davis Island.
[WSJ] — Dennis Lynch


Related Articles

arrow_forward_ios
Penny Pritzker and North Kenmore Avenue (Credit: Google Maps)

Office of Penny Pritzker picks up Lincoln Park mansion

Office of Penny Pritzker picks up Lincoln Park mansion
211 N Harbor Dr in Lakshore East (Redfin; iStock)

Supply glut may set downtown home market back a year

Supply glut may set downtown home market back a year
Robert Reffkin and Fran Broude (Getty, Linkedin, iStock)

Compass taps ex-Coldwell exec to oversee Chicago growth

Compass taps ex-Coldwell exec to oversee Chicago growth
Tower of power: a look at who’s buying at No. 9 Walton

Tower of power: a look at who’s buying at No. 9 Walton

Tower of power: a look at who’s buying at No. 9 Walton
(Credit: iStock)

Chicago-area home values saw poor start to 2020

Chicago-area home values saw poor start to 2020
Mayor Lori Lightfoot (Credit: Getty Images)

Chicagoans flee to their second homes

Chicagoans flee to their second homes
854 W. Webster Ave. (Credit: Redfin)

Here are the priciest resi sales in Chicago this week

Here are the priciest resi sales in Chicago this week
From left: Lendlease CEO Steve McCann, and Magellan CEO David Carlins, with a rendering of the Cirrus and Cascade projects (Credit: Lendlease/Magellan/bKL Architecture via Curbed)

Lendlease, Magellan land $283M in construction financing for resi towers project

Lendlease, Magellan land $283M in construction financing for resi towers project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...