Jennifer Lopez has been making some interesting moves on the real estate market, after she took off one of her properties off the public market and then recently brought it back up for sale, although at a reduced price. The reduction has been quite significant too, as reports indicate that the price went down by $2.5 million since the previous listing. Previously, the property was put up for $17 million, but now it costs $14.5 million for those who’re interested in getting their hands on it.
It’s worth noting that Lopez has quite the entrepreneurial spirit here, as she originally purchased the property for $8.2 million during her marriage with Marc Anthony, and they made a pretty good investment in it, looking at its current price. Of course, they’ve made various improvements to that property over time and it’s pretty clear that they aren’t just selling it based on the changes in the market that have occurred recently.
But at the same time, there’s no denying that the celebrity status of Jennifer Lopez probably contributes a lot to the high popularity that this estate is enjoying, and we wouldn’t expect to see the same results if it was another person selling it.
Still, there have been various customizations and additions done to the estate ever since it was acquired by Lopez and Anthony, and currently it’s in a much better condition than it was previously, which lends a lot of credibility to the new asking price. We would expect that Lopez knows what she’s doing with regards to how she’s advertising that property as well, as that would probably play a major role in the way she can sell it off.
Looking at how she’s had to reduce the price of her listing however, it’s probably safe to assume that things aren’t going quite that smoothly with her sale and she might be looking for alternative options for getting her money back from that investment. We don’t know if there we any interested buyers at all, but Lopez probably wouldn’t be looking at lowering the price of the listing if there was at least some interest from potential customers at some point.
As we said above, she has quite the strong business-oriented spirit, so we wouldn’t be surprised if she has some surprises up her sleeve, and it definitely wouldn’t make sense for her to be lowering the price of the property if there was any potential interest in it at all.
Reports claim that it’s a pretty nice house too, and of course it’s not meant for everyone but it’s definitely a great investment for those who can afford it and know what they want to do with all the extra space. Jennifer Lopez has apparently been taking good care of the property and she’s left it in a flawless condition before putting it up for sale, so this should be a no-brainer for anyone looking to invest in real estate in the area and wants something reliable and high quality.
There are plenty of detailed descriptions online outlining all that the property offers, and it looks like interest in it has actually surged a little bit after the relisting with the new price, but we don’t know exactly how much the situation has improved, nor if there are now any actually serious buyers. It might be just a temporary spike in interest that will go down soon, but we can’t be sure without some more detailed information from Lopez herself.