JLO to purchase $40m Bel Air Compound

By
Real Estate Agent with Russ Lyon | Sotheby's International Realty SA570853000

It looks like Jenny is moving to a new block in Bel Air, CA. Depending on whom you believe, Jennifer Lopez is this close to buying actress Sela Ward’s expansive compound for about $40 million—or she has already purchased it for $28 million.

The whisper-listed property features a multilevel mansion with six fireplaces and 100-year-old heart pine floors, plus a separate art studio and guesthouse. The home’s parklike 8 acres are graced by a babbling brook, putting green, swimming pond, and beach.

The renovated house, owned by Ward and her venture capitalist husband, Howard Sherman, has been featured in Traditional Home magazine, which called it a “concoction of Southern California” and “Southern charm and influences.” Ward, an Emmy-winning actress, grew up in Mississippi and was homecoming queen at the University of Alabama.

Lopez, who was raised in the South Bronx in New York City, adds the Bel Air home to her growing portfolio of real estate. Variety says the singer/actress/dancer owns multimillion-dollar properties in Hidden Hills, CA; New York City’s Flatiron District, and the Water Mill area of the Hamptons.  

 

Article courtsey of Realtor.com

Comments (2)

Sharon Lord
Maracay Homes - Peoria, AZ
New Home Advisor

Brian - wow, what an entrance!

I was wondering how Sela Ward bankrolled that estate - I am glad you mentioned the "venture capitalist" husband - that makes sense  ;)

Jun 05, 2016 07:03 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks for sharing this information.

You should use your blog settings to create an automatic signature for your blogs. Readers want to see your contact information.

Jun 05, 2016 07:50 AM