Particle.news
Download on the App Store
5 ARTICLES
·
2d ago

Jennifer Lopez and Ben Affleck Cut Beverly Hills Mansion Price Below Purchase Cost

The ex-couple's $60.85M estate is now listed at $59.95M after 10 months on the market, facing financial losses exacerbated by LA's mansion tax.

Image
Image
Image
Image

Overview

  • Jennifer Lopez and Ben Affleck purchased the Beverly Hills mansion for $60.85M in May 2023, but it is now listed at $59.95M, below the purchase price.
  • The property was originally listed for $68M in July 2024, with a $64M offer falling through in September 2024 after buyers pulled out of escrow due to personal reasons.
  • Los Angeles’ mansion tax, which adds 5.5% on property sales over $10M, is expected to further amplify the financial loss on the sale.
  • The 5.2-acre estate features a 38,000-square-foot mansion with 12 bedrooms, 24 bathrooms, and luxury amenities like a sports complex and a zero-edge pool.
  • The prolonged market exposure reflects broader challenges in LA’s luxury real estate market, including buyer preferences for value and security over celebrity prestige.