Phil Collins bought Jennifer Lopez’ Miami Beach home for $33 million on June 15, making her no longer “Jenny on that block.”
Collins has a home in New York, but, according to Mark Gainor who sold the home to him, he bought the home because he has two sons that live in Florida, so he spends a lot of time in Miami.
The Wall Street Journal reported that Gainor, who founded a health care and financial services company called Lucor Holdings, said the home appeals to celebrities due to it being private due to landscaping making it hard to see anybody in the home from any side.
Mathieu Rochette of Barclay’s Real Estate Group represented Collins in the transaction and Gainor was represented by Nelson Gonzalez of EWM Realty International.
The home has seven bedrooms and sits on 200 feet of waterfront, overlooking Biscayne Bay and has a clear view of the Miami skyline. J. Lo sold the home to Gainor in 2005 for $13.9 million, spending three years renovating the inside of the home and lived in it for the remaining seven year. Renovations included removing the roof and reconfiguring the rooms on the second floor to create a master suite with a 1,000 square foot closet.
While renovating, Gainor tried to keep the mediterranean-style feel of the home intact. The home was built in the 1920s and is 12,100 sq. ft., situated on one acre of waterfront property. The mansion features an elevator in the home, an interior courtyard complete with a gigantic koi pond, a swimming pool and spa tub, an outdoor kitchen cabana, and a dock.
The mansion first came back on the market in 2010 for $29 million. It was then again re-listed recently, with the original asking price of $37.5 million.
Sources:
http://www.wsj.com/articles/phil-collins-buys-miami-beach-mansion-once-owned-by-jennifer-lopez-for-33-million-1434462849
http://nypost.com/2015/06/16/phil-collins-buys-j-los-former-miami-palace-for-33m/
