Jennifer Lopez and fiance Alex Rodriguez have let off their Malibu beach house for $ 6,775,000, just a year after they bought it.
While they made a small profit of approx. $ 175,000, they certainly hoped for more. They originally shot for a payday of $ 1 million when they first listed the home for $ 7.99 million in July.
The couple bought the property in February 2019 from Entourage star Jeremy Piven for $ 6.6 million.
Drop Thanks: Jennifer Lopez and fiance Alex Rodriguez originally listed their stunning Malibu beachfront property for $ 7.99 million in July before accepting an offer of $ 6.775,000; seen in 2019
The couple reportedly ‘planned to live in the house, but they changed their minds and decided to sell’, according to TMZ.
To help with renovations in the three-level home on three levels, the power couple Joanna Gaines from HGTV fame admitted to the job.
The 51-year-old pop diva invited Joanna for a walk through shortly after capturing the spot and was pictured on the beach together in March 2019.
Sold! The 4400 square foot house is located right on the beach and stares out into the Pacific Ocean with an outdoor deck that is perfect for watching sunsets
‘Jennifer wanted to walk around the room with Joanna in person,’ an insider told People at the time. ‘They’re both very busy, but it’s hard to take on any kind of home project without actually seeing the space.
According to the source, the meeting was ‘really just an opportunity for them to go into space together and for Joanna to hear Jennifer’s vision for space.’ the meeting was ‘really just an opportunity for them to go into space together and for Joanna to hear Jennifer’s vision for space.’
The 4400 square foot house is located right on the beach and stares out into the Pacific Ocean with an outdoor deck that is perfect for watching sunsets. It is part of a luxurious sandy beach known as Jane Seymour Beach because the actress lived in the area.
Mixed family: The couple allegedly ‘planned to live in the house, but they changed hearts and decided to sell’ according to TMZ
The home has a classic charm, built in 1949. But it still comes will modern conveniences with a steam sauna, spacious closets and a lush patio.
It was built by Carl Gambino of Compass.
Hustler’s actress and MLB star had an easier time reading the property than the previous owner, who built the house for a hefty $ 10,495 million in June 2017 before lowering the price several times during lengthy attempts to make a sale.
Mr. The Selfridge star originally bought the property for $ 3.5 million in 2004 and is said to have invested significantly in his own renovations.
Live the high life: The home has a classic charm, built in 1949. But it still comes, modern conveniences with a steam sauna, spacious closets and a lush patio in front
J. Lo still has a robust portfolio of real estate after selling the property.
The Latina star owns a multi-million dollar New York penthouse, a mansion in California’s Hidden Hills and a 13,932-square-foot property in the exclusive Los Angeles suburb of Bel Air that was purchased for a reported $ 40 million in 2017.
She also has a $ 10 million mansion in the Hamptons and a connection in Coral Gables, Florida.
The singer / dancer / actor and A-Rod are still going strong despite having to postpone their dreams of an Italian destination wedding indefinitely due to the ongoing coronavirus pandemic.
Views: The 4400 square foot house is located right on the beach and stares out into the Pacific Ocean with an outdoor deck that is perfect for watching sunsets
Last month, it was reported that the pair were ‘so disappointed’ after learning that they were out of action to buy the New York Mets baseball team after a six-month process.
Sharing to her social media, Jlo wrote: ‘Alex and I are so disappointed! We worked so hard the last 6 months with the dream of becoming the first minority couple and the first female owner to buy her dad’s favorite Major League Baseball team with her own hard earned money. We still have not given up !! # NY4ever ‘
The pair had planned to invest $ 300 million of their own money in the offer, but lost after billionaire Steve Cohen was chosen by The Mets after putting in more money.
Beautiful: The home is part of a luxurious stretch of sand known as Jane Seymour Beach because the actor lived in the area
Although the couple has a devastating blow in this situation, the couple has many reasons to smile.
The couple, who have a total net worth of over $ 750 million, recently bought a massive property on Miami’s coveted Star Island, where they dropped a cool $ 40 million. For a home with 10 bedrooms and 12 bathrooms, located on 40,0000 square feet.
The mixed family of six will no doubt have more than enough space in a home of that size.
Loved up: The couple who were to get married in Italy had to postpone their wedding due to the COVID pandemic. ARod & JLO first announced their engagement in September 2019