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Will Smith and Jada Pinkett Smith are not selling their Malibu mansion.

Jada Pinkett Smith is not putting her home with Will Smith on the market after all.
Posted By CAROLINE LEE, UPI.com   |   Sept. 3, 2013 at 11:07 AM

Celebrity real estate website Realestalker.com reported that Jada Pinkett Smith and Will Smith were selling their mansion in Malibu just two years after moving in, sparking rumors that their relationship was on the rocks.

But a representative for the couple has denied the claim that Will, 44, and Jada, 41, are selling their 25,000-square-foot home.

"This is false. Their home is not on the market," publicist Karynne Tencer said.

The home took more than four years to build and sits on a seven-acre lot. It was featured in Architectural Digest in 2011, and houses a professional recording studio and screening room. Its living room has a retractable skylight and views of a man-made lake on the property.

The Smiths' home was initially reported as listed at $42 million.

Rumblings about the couple's relationship arose earlier this month, when the couple pulled their investment in privately funded New Village Leadership Academy to continue homeschooling their children, Jaden and Willow.

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