Jennifer Lopez and Alex Rodriguez sell their beachfront home in Malibu for $ 6.7 million


Jennifer Lopez and fiancé Alex Rodriguez have offloaded their Malibu Beach house for $ 6,775,000 just a year after purchasing it.

While they made a small profit of around $ 175,000, they were certainly expecting more. They were initially shooting a $ 1 million dollar payday when they first listed the house for $ 7.99 million in July.

The pair bought property from Entourage star Jeremy Piven in February 2019 for $ 6.6 million.

Let go: Jennifer Lopez and fiance Alex Rodriguez initially listed their stunning Malibu beachfront property for $ 7.99 million in July before accepting the offer for $ 6,775,000; Will be seen in 2019

According to TMZ, the pair reportedly had ‘planned to live in the house, but had changed their heart and decided to sell.’

To help with renovations to the three-tier, five-bedroom house, Power Couple enlisted Joanna Gaines of HGTV fame for the job.

The 51-year-old pop diva invited Joanna to take a walk soon after sniffing the spot and was pictured together on the beach in March 2019.

Sold!  The 4,400-square-foot house is right on the beach, staring out into the Pacific Ocean with an outdoor deck that is perfect for watching the sunset

Sold! The 4,400-square-foot house is right on the beach, staring out into the Pacific Ocean with an outdoor deck that is perfect for watching the sunset

One person told People at the time that ‘Jennifer personally wanted to walk in space with Joanna’. ‘They are both very busy, but it is difficult to work 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 walk together space and for Joanna to listen to Jennifer’s vision for space. The meeting was ‘really just an opportunity for them to walk together space and for Joanna to hear Jennifer’s vision for space’.

The 4,400-square-foot house is right on the beach, in the Pacific Ocean with an outdoor deck that is perfect for watching the sunset. It is part of a spectacular stretch of sand known as Jane Seymour Beach as the actress lived in the area.

Mixed family: The pair had reportedly planned to stay at home, but had changed their heart and decided to sell for TMZ

Mixed family: The pair had reportedly planned to stay at home, but had changed their heart and decided to sell for TMZ

Built in 1949, this house has a classic charm. But it still has modern amenities, including a steam sauna, spacious cupboards and a lush front courtyard.

It was listed by Carl Gambino of Compass.

The Hustlers actress and MLB star had an easier time offloading the property than the previous owner, who listed the home for $ 10.495 million in June 2017, before lowering the price several times during efforts to increase sales.

Mr. Selfridge Star originally bought the property for $ 3.5 million in 2004 and is said to have invested substantially in its renovation.

Living the high life: The house has a classic charm built in 1949.  But it still has modern amenities, including a steam sauna, spacious cupboards and a lush front courtyard.

Living the high life: The house has a classic charm built in 1949. But it still has modern amenities, including a steam sauna, spacious cupboards and a lush front courtyard.

Even after selling the property J Lo has a strong portfolio of real estate.

The Latina Star owns a multimillion-dollar New York penthouse, a mansion in Hidden Hills, California, and a 13,932-square-foot property in the exclusive Los Angeles suburb of Bel Air, which was purchased in 2017 for $ 40 million dollars.

He also owns a $ 10 million mansion in the Hamptons and a campus in Coral Gables, Florida.

The singer / dancer / actress and A-Rod are still going strong despite indefinitely postponing their dreams of their destination Italian wedding due to a coronovirus epidemic.

Views: The 4,400-square-foot house is right on the beach, with an outdoor deck leading out into the Pacific Ocean which is perfect for sunset

Views: The 4,400-square-foot house is right on the beach, exiting into the Pacific Ocean with an outdoor deck that is perfect for sunset

Last month, it was reported that the pair were ‘so frustrated’ that after learning they dropped out of the race to buy the New York Mets baseball team after a six-month process.

Sharing on her social media, Jolo wrote, ‘Alex and I are very disappointed! We worked so hard over the past 6 months with the dream of becoming the first minority pair and first female owner to buy my father’s favorite Major League Baseball team from his hard-earned money. We still haven’t given up !! # NY4ever ‘

The couple had offered to invest $ 300 million of their own money, but were selected by The Mets after putting in more money by billionaire Steve Cohen.

Gorgeous: The house is part of a spectacular stretch of sand known as Jane Seymour Beach as the actress lived in the area

Gorgeous: The house is part of a spectacular stretch of sand known as Jane Seymour Beach as the actress lived in the area

Although suffering a devastating blow to the situation, the pair have many reasons to smile.

The couple, whose total assets exceed $ 750M, recently purchased a sprawling property on Miami’s iconic Star Island, where they dropped $ 40M for a 10-bedroom, 12-bathroom home that occupies 40,0000 square feet Sits

A mixed family of six will no doubt have enough space in a house in size.

Loved: The couple who married in Italy had to postpone their marriage due to the COVID epidemic.  ARod & JLO announced their engagement for the first time in September 2019

Loved: The couple who were about to get married in Italy had to postpone their marriage due to the COVID epidemic. ARod & JLO first announced their engagement in September 2019

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