Jennifer Lopez buys compound worth $28 million

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Singer-actress Jennifer Lopez has just bought what is arguably one of Los Angeles’ most stunning homes. The 46-year-old star is reportedly the proud new owner of a sprawling multi-structure compound in Los Angeles’ exclusive Bel-Air neighborhood. She has splashed out a whopping $28 million on her new home.

Lopez bought the eight-acre estate — which comes with a lake and a beach — from actress Sela Ward, who originally wanted $40 million for the property, reports tmz.com.

Variety first noted that the pop star had her eye on the seven bedroom, 13 bathroom property which features a main mansion that is as dreamy as it is pricey. TMZ’s sources confirmed she has purchased the pad and managed to snag her a discount.

The house is said 13,000 sq ft and can be accessed by walking across a covered bridge.

Originally designed by famed architecture Samuel Marx in 1954, the property fell into disrepair when actress Sela Ward and her entrepreneur husband Howard Sherman stepped in.

Restoring what was left and then adding touches to reflect her Southern heritage, Sela has created the modern day version of a fairy tale house which Jennifer now gets to enjoy.

The main property – there is also a maids unit, an art studio and another livable separate quarters – is a mix of old and new.

Last year, Lopez put her Hidden Hills home on the market for $17 million but dropped the price to $12.5m earlier this year.

She originally bought the home in 2010 for $8.2 million when she was still married to Marc Anthony.