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Phil Collins just spent $33 million on Jennifer Lopez's former Miami mansion

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jennifer lopez former $40 million miami beach home

Eighties singer Phil Collins just dropped $33 million on a Mediterranean-style mansion once owned by Jennifer Lopez. 

The previous owner, healthcare entrepreneur Mark Gainor, bought the home from Lopez in 2005 for $13.9 million. 

Gainor first listed the property in 2010 for $29 million. Two years later, after he'd given it an $11 million facelift, Gainor relisted the home for $40 million. 

Meredith Galante contributed to an earlier version of this post. 

Built in 1929, the house sits on over an acre of land with 200 feet of waterfront on Biscayne Bay.



Go outside and see the Miami skyline from your 60-foot long swimming pool, outdoor kitchen, or boat dock.



The master bedroom has an office, terrace, gym, and 1,000-square-foot closet.



See the rest of the story at Business Insider

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