Jada Pinkett Smith Denies Selling Family Home

Jada Pinkett Smith and Will Smith slammed reports that suggested the pair were selling their Malibu home this week.

Along with the rumors of their house being on the market came scuttlebutt of the couple's divorce, but both were put to rest on Tuesday.

"This is false," said the Smith's rep Karynne Tencer, according to the New York Daily News. "Their home is not on the market.

The real estate website Realestatestalker.com had initially reported that the Smith's home was on sale.

The couple finished building their custom-built Southern California home in 2004. It boasts 25,000 feet as well as a lake, basketball and tennis courts, and a three-hole golf course.

Furthermore, the Smith's dream home was featured in Architectural Digest in September of 2011.

The home's circular floor plan, which includes a total of nine bedrooms and a meditation room, creates "an infinite cycle that represented what Jada and I hope for our love," said Smith.

"For Will and me this home was always a spiritual endeavor," Pinkett Smith added. "We're very earthy, organic people. We wanted to create a family retreat, something made by hand and as natural as possible, something that ties back to the land."

The couple live in the home with Jaden, 15, Willow, 12, and Trey, 20- Smith's son from a previous marriage.

Meanwhile, the real estate scuttlebutt is not the first time Will and Jada have faced speculation over their 16-year marriage.

Despite the endless tabloid fodder, Smith once told MTV: "Divorce can't be an option. With Jada, I stood up in front of God and said, 'Til death do us part,' and there are two possible outcomes. One, we are going to be together till death, or two, I am dead."