Jennifer Lopez and Ben Affleck are renting a Miami Beach mansion

Jewelry designer Paul Morelli paid $18M for property in April

Miami /
May.May 28, 2021 05:17 PM
Jennifer Lopez, Ben Affleck and their Miami Beach property. (Getty, Corcoran)

Jennifer Lopez, Ben Affleck and their Miami Beach property. (Getty, Julian Johnston)

Jennifer Lopez and Ben Affleck have been renting a bayfront mansion in Miami Beach that’s asking $130,000 a month.

The celebs — who broke off their engagement way back in 2004 — are staying at 2700 North Bay Road, according to the New York Post, which first identified the property.

Lopez was the one who rented the mansion, the report noted. Jewelry designer Paul Morelli bought the 10,114-square-foot property in April for $17.5 million.

According to the listing, the home has 11 bedrooms, 12 bathrooms and three half-baths. The property also features a pool, dock, boat lift and guest house. It has 100 feet of water frontage on a half-acre lot. Julian Johnston of the Corcoran Group has the listing. He did not immediately respond to requests for comment.

For Lopez, North Bay Road must be like going home again. She owned the mansion at 5800 North Bay Road until 2015, when she sold it to Phil Collins for $33 million. Collins sold it in January to private equity billionaire Orlando Bravo and his wife Katy for $39.3 million.

Properties along the bayfront street have seen strong demand during the pandemic. Tech and finance magnates have paid sky-high prices for waterfront homes, lots and teardowns, sometimes buying two at a time.

Shutterstock’s billionaire founder Jonathan Oringer and his wife Talia paid $42 million for the waterfront mansion at 4358 North Bay Road. Marc Gardner, who leads North American Bancard Holdings, bought a mansion and adjacent lot at 4580 North Bay Road for $37 million. Billionaire hedge fund manager Dan Loeb picked up a spec mansion at 6440 North Bay Road for $20 million and a teardown farther south for $12 million.
And Gabe Plotkin, founder of investment management firm Melvin Capital Management, bought two adjacent properties at 6360 and 6342 North Bay Road for $44 million.

Lopez and Affleck can even mingle with their real estate honcho neighbors. Their rental is just a few blocks away from Starwood Property Group’s Barry Sternlicht, whose waterfront abode is at 2374 North Bay Road. Daniel Doherty III, principal and co-founder of commercial real estate company Eastern Real Estate paid $18.3 million for the waterfront home at 2324 North Bay Road in April. And JDS Development’s Michael Stern is building a huge waterfront mansion about three miles up the street.


Related Articles

arrow_forward_ios
The lot where the former Champlain Towers South once stood (Getty)
Offering memorandum coming for Surfside collapse site
Offering memorandum coming for Surfside collapse site
Developer Robert Finvarb, TPG CEO Jon Winkelried and AC Hotel Miami Beach (Finvarb, TPG, Marriott)
Robert Finvarb sells AC Hotel Miami Beach to TPG
Robert Finvarb sells AC Hotel Miami Beach to TPG
5515 Pine Tree Drive (Compass / Howard Chase Real Estate)
Montreal developer pays $6M for waterfront Pine Tree Drive teardown
Montreal developer pays $6M for waterfront Pine Tree Drive teardown
Gloria and Emilio Estefan with the Star Island mansion (Getty, One Star Island)
Gloria and Emilio Estefan sell Star Island mansion next to Diddy for $35M
Gloria and Emilio Estefan sell Star Island mansion next to Diddy for $35M
The current Miami Beach North Shore library with Mayor Dan Gelber (Google Maps, Gelber)
Miami Beach seeks buyers for city-owned development sites
Miami Beach seeks buyers for city-owned development sites
Eighty Seven Park next to the collapsed Champlain Towers South (Getty)
Condo tower Eighty Seven Park, Collins Avenue still closed amid concerns of possible street collapse
Condo tower Eighty Seven Park, Collins Avenue still closed amid concerns of possible street collapse
Ronny Finvarb with the proposed hotel (GEK Architecture)
Sunset Harbour’s new zoning district bans Ronny Finvarb’s planned hotel, allows taller offices
Sunset Harbour’s new zoning district bans Ronny Finvarb’s planned hotel, allows taller offices
DataDirect Networks President Paul Bloch, Oceanfirst Realty principal Eddy Chabli and renderings of the house Bloch plans to build (DDN, Kobi Karp Architecture)
Tech mogul Paul Bloch buys waterfront Miami Beach lot, plans mansion
Tech mogul Paul Bloch buys waterfront Miami Beach lot, plans mansion
arrow_forward_ios

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

Loading...