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by Caroline Biggs

Per Variety, the singer/actress first listed the palatial pad over a year ago at a whopping $17.5 million.

Lopez purchased the 17,000-plus square foot spread in 2010, which includes eight bedrooms, eight-and-a-half bathrooms, and a bi-level entertainment wing.

There’s also a formal living and dining room, colossal kitchen, proper study, and a family room that overlooks the lagoon-style swimming pool outside.

The master suite boasts an onyx-clad bathroom, private terrace, two walk-in closets, and a separate sitting area.

The two-story “entertainment wing” features a 1,000 square-foot lounge, poker nook, professional recording studio, and a decked-out guest apartment.

There’s even a state-of- the art combination dance studio and gym, as well as a massage room, hair salon, makeup parlor, and a home theater that seats up twenty people!