American Idol Judge Jennifer Lopez Loses Miami Love Nest to Foreclosure!

jennifer lopez casper smart icon brickell

La Lopez and boytoy Casper Smart need a new love nest (Click on the photo for more celebs in SoFla)

American Idol judge Jennifer Lopez‘s leased love nest high above downtown Miami has just been sold in a foreclosure sale!

jennifer lopez icon brickell miami

Icon Brickell (Click on the photo for more homes of celebrities)

The sprawling apartment in the architecturally-daring Icon Brickell, where Lopez and boytoy Casper Smart have been crashing, was in fact owned by HSBC Bank. It was one of 1276 condos seized by the bank in 2010 from developer Jorge Perez and Miami Dolphins owner Stephen Ross‘ Related Group.

And now, it’s someone else’s — and JLo is likely going to have to clear out.

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La Lopez and her soon-to-be-ex-husband Marc Anthony started leasing the home-in-the-sky as part of a marketing ploy in 2009. They were offered a sweetheart deal by Perez, who was then desperate to create a buzz for Icon.

In addition to low rent, the then-lovebirds had an option to buy for $1.7 million, according to web real estate columnist Kevin Dickenson.

Click here for tours of the South Florida homes of celebrities

The couple’s publicity machine made sure the gossip press believed the duo bought as many as 10 condos at the Icon, but public records never showed they purchased in the building. The claim they were owners in a building that Anthony deemed to be “the sexiest place in town” surfaced about the time Anthony bought a minority stake in the Dolphins.

Lopez is now using the place with choreographer man-child Smart. Tania Garcia, the Icon condo association’s manager, and Perez have yet to return calls for comment.

Dickenson, meanwhile, reports the HSBC held on to the condo for as long as it could since Lopez’ presence in celebrity-driven SoFla created positive buzz for the hard-to-sell tower. Neither the diva nor salsero Anthony however, expressed a desire to exercise the option.

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Besides, a yet-to-be-identified buyer bought Lopez’ crib for $1.5 million, $200,000 less than Lopez’ option to buy. The deal reportedly closed Friday.

The $1.3 billion-waterfront Icon Brickell has had a rocky go of it since it was built in 2008 as its 1,800 condos in three separate 57-floor towers added to a glut of condos downtown Miami.

For more celebrity homes:

We’re not worthy: Bill Gates nixes home purchase in Wellingon

Bill Gates new neighbors: He’s good for property values

Internet big Matt Drudge pays $1.4 million cash for new Miami digs

Desperate Times: Burt Reynolds unloading his Jupiter house at $10 million discount!

It’s five o’clock somewhere else: Alan Jackson has Florida mansion up for sale

Ailing Bee Gees’ Robin Gibb puts Miami house up for sale

Celine Dion’s first Florida house back on the market

Miami Beach, home to the $35 million-home improvement project

Country star Alan Jackson decides he’d take less for his small cottage

Tennis hottie Anna Kournikova unloads her Miami Beach digs

Bill Gates signs off on $600,000-seasonal rental in Wellington

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Comments

    • ImSkeptical says

      Doesn’t seem misleading to me. She lost the condo due to a foreclosure. It doesn’t say she owned it. The only misleading thing was her and Marc putting it out there that they owned in the building in exchange for lower rent, when they were getting a sweetheart lease.

    • FQMiami says

      Agree. You can’t “lose” a property to foreclosure if you never owned it. She was either evicted or had her lease not renewed, which is very different than “losing” the condo to foreclosure.

  1. Andres Asion says

    They did not loose their condo. The article is BS. They had a lease with an option to buy. They did not execute the option and the new buyers still need to honor the lease by law. This is just BS headlines to sell papers!

  2. Chris J. says

    Very misleading article. Come on man. Literal terms or not it’s misleading. You might want to reconsider what you put out there if you want credibility.

  3. theone says

    It states exactly what happened. She lost the condo due to forclosure. you thought it was her.