UPDATED, Tuesday, August 4th, 12:34 p.m.: Baseball star Alex Rodriguez and entertainer Jennifer Lopez are looking to shed a Malibu beach house they bought less than two years ago.
The couple is asking $8 million for the three-story property on Malibu Road, according to the Los Angeles Times. They paid former owner and actor Jeremy Piven $6.6 million for what Lopez last year called “a little fixer-upper next to the water.”
The electrical and plumbing systems were recently redone and some walls were reframed, according to listing agent Carl Gambino, who is with Compass.
The home spans 4,400 square feet and features five bedrooms and 4.5 bathrooms. There are balconies facing the water on each floor, as well as wraparound porches on the two lower levels and a smaller porch on the third level. There’s 50 feet of beach frontage.
Piven paid $3.5 million for the home in 2004 and listed it for $10.5 million in 2017 shortly after buying a home in Laurel Canyon.
A-Rod and J-Lo are part of a group openly making a play to buy the New York Mets baseball franchise from the Wilpon family. They’re competing with at least six other groups bidding on the franchise, including a group led by L.A.-based broker and developer Kurt Rappaport. [LAT] — Dennis Lynch
Correction: A previous version of this article said the house was renovated after Lopez and Rodriguez purchased the property.