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3d ago

Affleck and Lopez Cut Beverly Hills Mansion Price Below Purchase Cost

The former couple reduced the asking price of their 38,000-square-foot estate to $59.9 million after market challenges and differing views on its valuation.

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HOLLYWOOD, CALIFORNIA - JUNE 12: (L-R) Jennifer Lopez and Ben Affleck attend the Los Angeles premiere of Warner Bros. "The Flash" at Ovation Hollywood on June 12, 2023 in Hollywood, California. (Photo by Phillip Faraone/Getty Images)
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Overview

  • Ben Affleck and Jennifer Lopez have reduced the price of their Beverly Hills mansion from $68 million to $59.9 million, below the $60.8 million they paid in 2023.
  • The property, featuring 12 bedrooms, 24 bathrooms, a tennis court, and a 12-car garage, has struggled to sell due to a soft luxury real estate market.
  • Rising carrying costs, including $500,000 in annual insurance premiums and a 5.5% mansion tax, have added financial pressure on the sale.
  • Affleck reportedly pushed for the price reduction, while Lopez initially resisted, reflecting differing priorities post-divorce.
  • The mansion remains unsold as of May 2025, with both parties having moved to separate residences and finalized their divorce settlement earlier this year.