Jada Pinkett-Smith, Will Smith Not Selling $42 Million Home in Malibu

According to a rep of the power couple, Will Smith and wife Jada Pinkett-Smith are not selling their home.

There have been rumors that rapper-turned-actor Will and musician-actress Jada would be selling their Malibu home for $42 million.

"This is false," Karynne Tencer , a publicist, said in an interview with The Daily News. "Their home is not on the market."

This contradicts earlier reports made by Realestalker.com, who claimed that the couple were selling their house, which is adjacent to Calabasas, quietly. The large home was featured in Architectural Digest in 2011.

One of the house's definitive characteristics is its circular floor plan. "[The floor plan was designed to] create an infinite cycle that represented what Jada and I hoped for our love," Will said in an interview for the magazine.

The Smith property took over four years to build. The home also features a recording studio, a screening room and views of the Smith's man-made, private lake. The 25,000-square-foot home was called a "deeply personal" project by Architectural Digest. The Smith children, Trey, 20, Jaden, 15, and Willow, 12, reside in the house which lies in the Santa Monica Mountains.

According to Jada, the home was a "spiritual endeavor." Spiritual influences are seen in the mansion's antique-carved panels and doors, which the couple acquired from the Southwest, Middle East, Africa and Asia. There are also plenty of "secret nooks and tranquil alcoves" in order to perpetuate the never ending love for which the Smiths aim.

Margaret Russell of Architectural Digest further spilled secrets of the Smith home in a 2011 interview with "Today."

According to Russell, Jada has her own meditation room in the house, and Will's favorite part of the home is a special gazebo. The couple also surely gets good use of a walk-through shower that leads to a private terrace on the property.

The rumor of the Smiths secretly selling the love-designed mansion came after Will and Jada sold their vacation home. The home, which is located in Hawaii, featured three bedrooms and was sold to Dmitry Ryboloviev, a Russian billionaire, for $20 million.