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Edyta Gryc's Blog

By Edyta Gryc - Broker Associate | Agent in Hoffman Estates, IL

Former J-Lo home sees price jump

Singer-actress’ Miami Beach house sees $5.5M price increase
June 02, 2011 05:00PM By Alexander Britell


5800 North Bay Road and Jennifer Lopez

The 1929 Miami Beach home that was formerly owned by singer and actress Jennifer Lopez has seen its price increase to $34.5 million from $29 million, listing broker Nelson Gonzalez told The Real Deal today.

The house is located at 5800 North Bay Road in Miami Beach, and includes more than 12,000 square feet of living space.

"Basically, we've had several offers on it in the $20 [million range], and the seller is looking for more," Gonzalez, a senior vice president at Esslinger-Wooten-Maxwell, said. "There aren't that many houses left like it, and the only one that really competes is the $60 million home on Indian Creek. And that's also been getting activity."

The home's seller is Mark Gainor, who works in healthcare, and who bought the home in 2005 from Lopez for $13.9 million. continued here

Comments

By Helen Oliveri,  Mon Jun 6 2011, 15:32
What a great view!
By Luke Bouman Team,  Mon Jun 6 2011, 17:15
I hope he did a lot of upgrades to move the price from $13.9 million when he bought it to the price now.
By Carmen Brodeur- Top 1% Realtor,  Wed Jun 8 2011, 11:05
I agree with you Luke. He had to of done a COMPLETE remodel to justify that kind of a price increase.

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