New house, who dis? Jennifer Lopez and Alex Rodriguez’s Miami home is the definition of luxury. TMZ reported on Friday, August 14, that the “Let’s Get Loud” singer and the former New York Yankees player are now owners of a $40 million home on Miami’s Star Island, an A-list neighborhood that’s also home to stars such as P. Diddy, Gloria Estefan Shaq and Rosie O’Donnell.