JLo splurges $28 mn on new home

Los Angeles, May 29: Singer Jennifer Lopez has reportedly splashed out a whopping $28 million on a new home in Bel Air here. The 46-year-old star 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. The house is said 13,000 sq ft and can be accessed by walking across a covered bridge. 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.