JLo’s former Miami Beach home sells for $33 million

Jennifer Lopez’ former Miami Beach home was back on the market for $37.5 million and sells for $33,000,000.  The open bay, North Bay Road home located at 5800 North Bay Rd has quite a listing history. Price has increased and decreased in the past few years and went back on the market this month at the new listing price. Although the Miami Beach Luxury Market is hot, we can agree that buying a home with celebrity status IS a nice perk.  Let’s take for example,  Lebron James’ house in Coconut Grove, it was listed for $17 million, reduced to $15 million and now it is under contract.  Matt Damon’s Miami Beach home sold for $15.375 million, and Shakira’s Miami Beach home is currently for sale for $13.9 million. ADDED NEWS: And guess who the buyer of of this amazing home was?  None other than Phil Collins!! (as reported by The WSJ).  Talk about a home getting double celebrity status – now we have a winner! Congrats Phil!!  Killer Home! We’ll wave hello from the boat when we go by. The truth is that buyers are smart and look for location and attributes and it’s not really about celebrity status… but we certainly like to know or like to think that we live like the stars.  But back to JLo’s former home. JLo’s former house, purchased for $13.9 Million back in 2005, and the home has all the luxury and bells and whistles you would expect from a $37.5 million home – from wide bay views, 200′ of water frontage, a massive 52,000+sq.ft. lot, private dock, boat lift, and most importantly…impeccable design details for the most discerning buyers. The marketing description reads as follows:

The ultimate European Contemporary Estate w/200 ft on wide Bayfront w/Miami Skyline views & glorious Sunsets! Sited on over 52,000 sf of exquisite gardens & swaying palm trees, this sophisticated estate was transformed w/impeccable style. Details abound w/2 story rotunda foyer, open living & dining rms open to bay & courtyard w/koi pond, wine cellar, media rm, master suite w/massive closets, gym, summer kitchen, dock/lift, large pool/spa & total privacy for the most decimating buyer. The best of the best!

Home Features:

• 12,153 sq.ft. of living space
• originally built in 1929 and completely remodeled and updated
• 7 bedrooms / 8 bathrooms / 3 half-baths
• 3-car garage
• 184′ X 286′ Lot – 52,881 sq.ft.
• 2-story – Mediterranean style home
• elevator
• guest/in-law quarters
• pool and spa
• koi pond
• wine cellar
• media room
• summer kitchen
• dock and lift

Here are some photos, courtesy of Zillow.com – If you are interested in this house or any other Miami Beach Home, please contact us to set up a consultation appointment.  We specialize in architecturally significant real estate as well as historic homes in Miami.