News Corp Australia
First published 31 Oct 2024, 2:16pm
Real reason JLo, Affleck’s $100m mansion hasn’t sold. Picture: Realtor, Matt Winkelmeyer/Getty Images for Netflix
Jennifer Lopez and Ben Affleck have hit a major setback as their soon-to-be former Beverly Hills mansion could take “longer” to sell than expected.
The pair bought the sprawling 12-bedroom, 24-bathroom estate in 2023 for $US60.8m (A$90m)), and put it on the market in July, before Lopez even filed for divorce.
The duo publicly listed their property for a hefty $US68 million ($A101 million).
“Selling Sunset” star Jason Oppenheim told Realtor that the former couple shouldn’t worry about the sluggish start to the sale.
“It would have been surprising for the house to sell in less than 100 days,” he told the outlet.
“Most homes of this magnitude are on the market for six months, and in many cases significantly longer.”
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Ben Affleck and Jennifer Lopez’s $68 million marital home has been stuck on the market. Picture: Kevin Winter/Getty Images
The mansion has a soaring double-story great room with elaborate skylights. Picture: Realtor.com
The couple’s former residence features a separate guest penthouse, caretaker house, two-bedroom guardhouse, 12-car garage, and parking for 80 vehicles.
According to Realtor, a property of this value has a considerably lower buyer pool. The number of people who have the funds for a $50 million-plus home is not that large.
The outlet estimates the monthly costs such as taxes, security, mortgage payments and homeowners association fees could be around $US283,666 ($A431,594) per month.
Oppenheim estimated the former couple could take a financial hit when the mega mansion does sell.
“It’s likely they will sell the house in the $58 million to $60 million ($A88 million to $A91 million range, thus they could lose several million dollars on the sale,” he predicted.
But there’s more bad news for Affleck and the “Jenny From the Block” singer. There’s an extra expense associated with the estate’s lofty location.
“The house is located in the Beverly Hills Post Office area, which is technically in the city of Los Angeles (not the independent city of Beverly Hills), so the mansion tax applies,” Oppenheim explained.
“Therefore, they will have to pay a mansion tax of more than $3 million. So they could lose more than an additional $5 million after commissions, taxes, etc.”
It also features an entire primary wing with two fireplaces. Picture: Realtor.com
Another highlight is the sports pavilion with an elegant lounge. Picture: Realtor.com
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Ben Affleck purchased a mansion in Los Angeles for $US20.5 million. Picture: Realtor
After calling off their first engagement in the early 2000s, Lopez and Affleck rekindled their romance in April 2021.
The couple eloped in Las Vegas in July 2022. They tied the knot for a second time a month later during a lavish ceremony at Affleck’s Georgia estate.
Following the nuptials and a long house hunt, they put down $60.8m (A$90m) for their marital mansion in May 2023.
The “Ain’t It Funny” singer filed to divorce Affleck on the pair’s two-year wedding anniversary.
According to TMZ, Lopez has filed divorce papers in Los Angeles, with the entertainment website reporting the A-listers did not have a pre-nuptial agreement in place prior to marrying for the second time.
The Hollywood superstars both appear to have moved on from the property.
The “Gone Girl” star is understood to have snapped up a bachelor pad in Los Angeles for $US20.5m ($A31.3m) while Lopez was said to have been “in negotiations to buy” an opulent $US55 million ($A83 million) Beverly Hills estate in September.
Parts of this story first appeared in Realtor and were republished with permission.
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