Certain celebrities gobble up so many homes that Yolanda has (nearly) given up trying to track them all down. We’re talking people like the Kardashians, Taylor Swift and Ellen DeGeneres — each of whom have amassed property portfolios worth $100 million or thereabouts.
And then there’s Alex Rodriguez and his long-term lady love Jennifer Lopez, who also share a deep, endless passion for real estate. The couple seemingly spend all their free time looking for new properties — to the extent that their bicoastal portfolio now bulges with high-maintenance spreads.
Last month, Variety revealed that Jeremy Piven quietly took in $6,600,000 for his oceanfront Malibu house. That’s way, way, way less than the $10.5 million originally asked nearly two years ago, but it’s also substantially more than the $3.5 million he paid back in 2004.
The discount buyers took title under a mysteriously-named LLC, but Yolanda’s research reveals they are none other than — you guessed it — A-Rod and J.Lo, a couple who need yet another multi-million dollar house like a rhino needs a gosh-darn cruise ship. But they want a new home and they’ve got the moolah. So that’s that. These folks get what they want. And then they head to Nobu in Ms. Lopez’s cherry-red Rolls Royce to celebrate their latest splurge.
And no, the money definitely won’t be an issue. 43-year-old Mr. Rodriguez is worth some $300 million, while 49-year-old Ms. Lopez has built an eye-poppin’ $400 million fortune. In 2018 alone, Forbes estimates she raked in $47 million.
The tri-level beach house was built back in 1949 and sits on Old Malibu Road Beach, which locals apparently also call “Jane Seymour Beach” because the best Bond girl‘s home is nearby. Huh. Yolanda learns something new everyday!
Anywho, this sandy beach is generally considered one of the city’s finest, particularly if y’all like to surf. And it’s also popular with celebs, who value its proximity to central Malibu’s shopping and dining.
Out front, the house is overrun by a riotous vine and a bunch of potted plants. There’s garage space for two vehicles and a secure courtyard entrance with more tropical landscaping.
The black-and-white kitchen is not particularly stylish. Or pretty. But it does feature expensive commercial-grade appliances and bar-style seating for casual dining.
Overall, Yolanda thinks this home would benefit from Mr. Rodriguez and Ms. Lopez hiring a good interior designer, as the current whitewashed look verges on the ho-hum, vaguely Airbnb type of thing.
There are 4 beds and 3.5 beds in the 4,404-square-foot structure, including a generously-proportioned master suite on the top floor. Up there are a built-in soaking tub, walk-in closet, steam shower and private balcony overlooking the beach.
The property also sports a variety of other amenities and amusements — there’s a jacuzzi on the main floor’s outdoor deck, a screening room upstairs, and a sprawling “entertainment room” on the lower level with a wet bar and dry sauna. And while we doubt Jenny from the block does her own gardening, she’ll still appreciate this (mostly) low-maintenance place: other than the scattered plants out front, there’s no landscaping to tend.
In addition to their new $6.6 million Malibu digs, the Lopez-Rodriguez clan presides over a vast property portfolio worth nearly $100 million, which includes two other LA spreads. Their main residence, located in Bel Air’s Stone Canyon, is a stunning $28,000,000 Arts & Crafts-style compound that Ms. Lopez bought from actress Sela Ward back in 2015.
Back in 2014, Mr. Rodriguez paid Meryl Streep $4,800,000 for a contemporary home just above LA’s iconic Sunset Strip. That property is currently for sale, asking a hefty $6.5 million.
Mr. Rodriguez also keeps an extravagant contemporary compound over in Coral Gables, Florida. The deluxe digs were custom-built to his specifications, completed in 2014, and intended as a modern homage to the mid-century homes in Beverly Hills’ Trousdale Estates neighborhood. A couple years back, the property was featured in Architectural Digest.
Ms. Lopez also has a $10 million vacation home up north, in the quietly swank Hamptons community of Water Mill, NY.
The lavish-living pair also maintain two extravagant New York City pied-a-terres. The first is a 6,540-square-foot penthouse near Madison Square Park. Acquired solely by Ms. Lopez back in 2014 for $20,161,350, that place has been for sale since October 2017 with an unchanged $27 million pricetag.
Last year (2018), the couple co-paid $15,317,000 for a 36th-floor condo at 432 Park, the ultra-posh Midtown Manhattan skyscraper that happens to be the tallest residential building in the entire world. Though they allegedly still “love” the building, the pair nonetheless flipped the three bedroom unit back onto this market this January with a $17.5 million pricetag.
In case any of our Manhattan readers are tearing up at the thought of losing this comely duo, don’t fret. Though both their NYC homes are for sale, rumors say the pair are out shopping for a larger, more family-friendly spread downtown. With a total of four kids, the blended family needs more than three bedrooms, dammit! But why didn’t they think of that before they bought the damn thing?
Back in humble ol’ Malibu, some of the couple’s nearest new neighbors include Friends actor Matthew Perry, legendary producer Leonard Goldberg, mega-rich “King of Sitcoms” Chuck Lorre and Walmart heiress Sybil Robson Orr.
Listing agents: Madison Hildebrand & Jill Galloway, Compass
J.Lo & A-Rod’s agent: Carl Gambino, Westside Estate Agency
