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The Real Deal Los Angeles

J.Lo and A-Rod are the new owners of a three-story Malibu beach house

The couple bought the home from actor Jeremy Piven in January for $6.6M
February 13, 2019 11:00AM

Alex Rodriguez and Jennifer Lopez have a new pad in Malibu (Credit: Getty Images)

Power couple Jennifer Lopez and Alex Rodriguez are Malibu’s latest celebrity residents.

Singer-actress JLo and former Yankee shortstop A-Rod were the buyers behind the $6.6 million sale of actor Jeremy Piven’s Malibu beach house last month, according to Yolanda’s Little Black Book.

The three-story, 4,400-square-foot home on Malibu Road has 50 feet of beachfront and a suite of high-end conveniences. They include a sauna, soaking tub, steam shower, and a screening room.

The couple are frequent real estate investors. In March 2018, they dropped $15.3 million on a condominium unit at 432 Park Avenue in New York and relisted it with a $2 million markup in January.

They own two other properties in Los Angeles — an Arts and Crafts estate in Bel Air and a contemporary pad in the Hollywood Hills, according to Yolanda. Rodriguez also owns a home in Coral Gables, Florida.

Piven bought the home in 2004 for $3.5 million and first listed it in 2017 for $10.5 million and as a $40,000 per month rental. He had just bought a home in Laurel Canyon. Later that year, multiple women accused Piven of sexual harassment.

The actor, who is most well-known role as high-powered showbiz attorney Ari Gold in HBO’s “Entourage,” is also looking to sell a 3,000-square-foot home in New York’s Tribeca neighborhood. [Yolanda’s Little Black Book]Dennis Lynch