Wednesday, 6 December 2017

Jennifer Lopez, the New Princess of Bel Air, Expands Her Real Estate Portfolio

The actress and singer acquires a new house in Los Angeles as she tries to sell another.

Struggling to sell one multi-million dollar home currently on the market won’t stop actress and singer Jennifer Lopez from expanding her property collection.

Lopez has reportedly added to her real estate holdings an eight-plus acre estate in Bel-Airanchored by a multi-level mansion. The property, complete with a 30-seat screening room, a 100-seat amphitheater and a swimming pond with sandy beach and outdoor shower, was asking about $40 million, but J. Lo managed to make it hers for $28 million.
As the Bronx native acquires a new home in California, she is trying to sell a gated compound in the Golden State. The 17,000-square-foot Hidden Hills property with mountain and city views boasts nine bedrooms, including a master suite with private terrace and an entertainment wing, which includes a 20-seat theater, dance studio, and recording studio.

Lopez bought the property in 2010 with her then-husband and singer Marc Anthony for $8.2 million. She first tried to sell it for $17 million, but unable to find a suitable buyer, she has been forced to cut the price twice in less than a year, to $14.5 million in September and to the current $12.5 million earlier this year.    

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