After a year of ownership, Jennifer Lopez and Alex Rodriguez have placed their stunning Malibu Beach home on the market for $7.99 million. This price reflects a $1.4 million increase from their purchase price from actor Jeremy Piven. However, this figure does not account for the renovation costs incurred during their time there, as the couple sought to transform the property into their dream home.
In an interview, Lopez described the property as a "fixer-upper next to the water." As part of a romantic gesture, Rodriguez had enlisted the talents of Joanna Gaines from HGTV's "Fixer Upper" to remodel the house as a surprise for their second anniversary. This adds a unique touch to their home, drawing inspiration from one of America's favorite renovation experts.
While the specifics of the renovation remain under wraps, prior listings have showcased the home as a potential beachfront oasis. The property spans over 4,400 square feet and features 5 bedrooms and 4.5 bathrooms. With expansive views of the Pacific Ocean and direct access to 50 feet of sandy beachfront, it is designed for entertaining and enjoying coastal living.
In addition to the Malibu property, J.Lo and A-Rod maintain a diverse real estate portfolio, including homes in the Hamptons and Coral Gables, FL. They are also in the process of selling a New York Madison Square Park penthouse owned by Lopez, which is currently listed for almost $25 million. Recent reports suggest that the couple may be preparing to bid for the New York Mets, indicating a strategic move to consolidate their financial resources.
Key Takeaways
- Jennifer Lopez and Alex Rodriguez have listed their Malibu Beach home for $7.99 million.
- The property has been renovated with the help of Joanna Gaines as a surprise for their anniversary.
- The house features 5 bedrooms, 4.5 bathrooms, and stunning ocean views.
- Lopez and Rodriguez are also selling other properties and exploring potential investments in sports.
