UPDATE: Jennifer Lopez

Last week rumors and reports began to circulate that soon-to-be-divorced entertainment industry heavyweight Jennifer Lopez was about to buy a behemoth house in the Hamptons.

The real estate gossip gals at Newsday first reported that thrice married Miz Lopez Noa Judd Anthony had an accepted offer and was about to go to go into contract for an all but brand-new 15,000-plus square foot shingled "cottage" with views over and deeded access to Mecox Bay in the supah-swank Water Mill enclave.

Two days ago Newsday elaborated that the posh pad in Water Mill for which Miz Lopez "made an offer" sits just across a narrow lane from a planned (but not yet approved) sailing club that would like to operate out of a small 18-x-10-foot shack on the pond's shore. This may or may not influence her decision to move ahead or shut down the (alleged) purchase of the Mecox Bay manse.

Today word comes down the celebrity real estate gossip grapevine via Jennifer Gould Keil at the NY Post that the Mecox Bay property may not be quite as sold as the many reports on the matter have indicated. Miz Gould Keil revealed that the Mecox Bay house is "still open to other potential buyers for walk-throughs." However, it is Your Mama's experience that in that neck of the real estate woods, since many accepted offers fail to go into contract, it is quite customary for a house to remain on the open market until the contracts are signed by both the seller and the buyer.

Miz Gould Keil went on to reveal that in addition to the Mecox Bay pile she may or may not be close to signing contracts for Miz Lopez has also peeped at least one other high-priced property in the area, a more privately situated 3.5+ acre estate in the Georgica Estate area of East Hampton (shown above) listed with an asking price of $16,900,000.

Listing information shows the intricately articulated and roughly 11,600 square foot shingled sprawler includes 8 bedrooms and 9.5 bathrooms. It was designed by noted Hamptons architect Peter Cook whose name tabloid readers will recognize as Christie Brinkley's philandering former hubby.

The rambling mansion's main living spaces include a double height foyer, formal living room with fireplace, formal dining room, paneled library/family room with fireplace and built-in book cases, and a center island kitchen with sky-lit vaulted ceiling and breakfast room wrapped in windows and French doors.

A long hallway extends off the foyer and leads to two guest/family bedrooms each with private bathroom and a titanic master suite comprised of entry vestibule, octagonal study, large bedroom, vintage-style bathroom and large custom-fitted walk-in closet/dressing room. A staircase in the entry vestibule of the master suite leads up to a second octagonal room suitable for use as a fitness room, yoga studio, hair and make-up facility, or–for those so-inclined–a doobie-smoking retreat. The master bedroom opens to a private covered porch with long view over the thickly planted back yard.

Upstairs there are three guest/family bedrooms, one with private balcony and all with private bathrooms. The extensive service wing spreads out over two floors and includes and quarter-round butler's pantry/staff sitting room, bedroom-sized laundry room, back entrance from the rear motor court and garage, and a two bedroom/2 bathroom staff apartment accessible by a private staircase.

The house sits privately down a long gated driveway at the head of a circular drive that loops around to a rear motor court. Numerous decks, terraces, patios, screened and covered porches surround the house. Broad lawns dotted with massive and mature shade trees stretch out in every direction. Just off the semi-circular covered porch that extends off the rear of the house there's a vast stone terrace ringed by a picket fence that keeps kiddies from accidentally falling into the heated swimming pool. Shade seekers will appreciate the adjacent pool house vine-draped pergola.

Now listen chick-a-doodles, Your Mama has absolutely zero inside intelligence on Miz Lopez's (alleged) real estate activities in the Hamptons so we really haven't any idea what house she may or may not be interested in buying. We're just passing along the rumor and gossip and thought the children might enjoy a little late-afternoon Hamptons real estate hoity-toitiness.

listing photos: Corcoran