Phil Collins buys Jennifer Lopez’s Miami palace for $42.6 million

This woman is still smiling, despite giving up a 300 sq metre wardrobe. Source: Getty Images

A SPRAWLING waterfront Miami Beach mansion once owned by pop sensation Jennifer Lopez has sold to Brit rocker Phil Collins in a $42.6 million deal that closed yesterday.

The gut-renovated Mediterranean-style home, located at 5800 North Bay Road, with roughly 200 feet of frontage on Biscayne Bay, is quite the get, reports the New York Post.
Standing mighty at 3,704 square metres, the spread, which looks out to the Miami skyline, has seven bedrooms, eight full bathrooms and three half-bathrooms.

Private paradise. Picture: Juan Fernando Ayora Source: Supplied

Sweet features include an interior courtyard with koi pond, a cabana with outdoor kitchen, boat dock, an 18-metre swimming pool and a roomy master suite whose closet alone measures roughly 300 square metres.

The sparkling 60ft swimming pool. Picture: Juan Fernando Ayora Source: Supplied

Imagine waking up to this! Picture: Juan Fernando Ayora Source: Supplied

Collins has a place in New York but spends a good chunk of time in the Sunshine State with two sons living there, according to the Wall Street Journal, which first reported the news of the sale.

The mansion’s new owner, singer Phil Collins in 2010. Source: AP

Now that’s a chill space. Picture: Juan Fernando Ayora Source: Supplied

Collins bought the mansion from Mark Gainor, who founded private equity firm Lucor Holdings. Gainor nabbed the digs from J.Lo in 2005 for $17.94 million, per the Journal, then spent three years on its renovation. Work included the removal of the roof and the reconfiguration of all rooms on the second floor.

An incredible spiral staircase. Picture: Juan Fernando Ayora Source: Supplied

The home, which dates back to the late ’20s, was most recently on the market for $48.4 million.
Nelson Gonzalez of EWM Realty, which is an affiliate of Christie’s International Real Estate, had this listing.