Jennifer Lopez and Ben Affleck’s former Beverly Hills mansion they resided in during their marriage has hit the market again — this time with an $US8 million ($A12.1 million) price slash.
Lopez, 56, and Affleck, 53, snapped up the Beverly Hills estate in May 2023 for the sky-high price of $US60.8 million ($A90 million), Realtor reports.
The pair quickly set about renovating the estate, reportedly spending millions more to turn it into their dream marital sanctuary.
But, just one year later, it was back on the market with a hefty price tag of $US68 million ($A101 million) as the couple headed for divorce.
Their split was finalised in January of this year, with the duo agreeing to split any profits from the sale of their former marital home.
However, they struggled to find a buyer for the lavish dwelling — and, just two months after reducing their asking price to $US59.95 million ($A93.6 million) in May, they removed the home from the market.
Now, the exes are once again trying to offload the expansive dwelling as property records reveal the home has been relisted with an asking price of $US52 million ($A78 million).
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Jennifer Lopez and Ben Affleck’s former Beverly Hills mansion they resided in during their marriage has hit the market again — this time with an $US8 million price slash. Picture: Realtor
Jennifer Lopez and Ben Affleck’s Beverly Hills Marital Mansion Relisted With $US8 Million Price Cut. Picture: Getty
However, just over one year later, the couple had put the property back on the market with an asking price of $US68 million. Picture: Realtor
The home features a wide range of custom amenities, including an indoor sports complex, complete with basketball and pickleball courts, a fully equipped gym, a boxing ring, a sports lounge, and a bar.
As for its more “traditional” features, the home boasts a staggering 12 bedrooms and 24 bathrooms.
The listing describes the abode as a serene spot where “timeless elegance and modern convenience blend seamlessly in the heart of Beverly Hills.”
Though these high-end features may make the property incredibly appealing to any wealthy buyer, there are several rather pricey considerations to take into account — including the sky-high monthly cost of maintaining the home, which Realtor estimated to be around $US284,000 ($A443,000) as of September 2024, including the former couple’s mortgage payments.
The property is also subject to Los Angeles’ mansion tax, which would see them lose even more money in a sale.
Their divorce was finalised in January of this year, with the duo agreeing to split any profits from the sale of their former marital home. Picture: Realtor
However, they struggled to find a buyer for the lavish dwelling. Picture: Realtor
“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,” celebrity real estate agent Jason Oppenheim previously revealed to Realtor.
“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.”
Oppenheim also offered up his suggestions as to why the home has struggled to find a buyer, despite its impressive design and Hollywood pedigree.
“It was always going to be difficult to land a deal, largely because the pool of potential candidates is so small, “ he explained in October 2024.
“Most homes of this magnitude are on the market for six months, and in many cases significantly longer.”
A property of such high value, with its separate guest penthouse, caretaker house, two-bedroom guardhouse, 12-car garage, and parking for 80 vehicles, has a considerably lower buyer pool, because most people simply cannot afford it.
Oppenheim also predicted that the duo would take a loss on the home: “It’s likely they will sell the house in the $US58 million to $US60 million ($A88 million to $A91 million) range, thus they could lose several million dollars on the sale.”
The home boasts a staggering 12 bedrooms and 24 bathrooms. Picture: Realtor
As of September 12, Lopez was believed to be using the home as her primary residence while work on her new property was carried out. Picture: Instagram/Jennifer Lopez
As of September 12, Lopez was believed to be using the home as her primary residence while work on her new property was carried out.
Earlier in the month, the actress and singer took to her Instagram to share snaps of herself getting ready for different red carpet events inside the enormous abode
Lopez has also taken time to visit one of the other abodes in her impressive real estate portfolio: a picturesque Hamptons mansion that she snapped up in 2013, long before she and Affleck tied the knot.
The singer shared several images of herself soaking up the sunshine outside the pretty Water Mill property at the end of August, while also posting a photo of herself and her 17-year-old child, Emme, going for a drive alongside Lopez’s longtime vocal coach, Steve Mackey.
Although Lopez used the home as her main residence up until recently, Affleck has long since moved on from the home, reportedly purchasing a $US20.5 million ($A31.3 million) Pacific Palisades bachelor pad in July 2024.
Parts of this story first appeared in Realtor and was republished with permission.
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