Overview

• The Beverly Hills estate, purchased by Lopez and Affleck in May 2023 for $60.8 million, was initially listed at $68 million in July 2024.
• After 10 months on the market, the price was reduced by over $8 million on May 6, 2025, bringing the listing to $59.95 million.
• The luxury real estate market in Los Angeles faces challenges such as a saturated market, rising insurance costs, and the city's mansion tax, which imposes a 5.5% levy on sales over $10 million.
• The property's expansive features include 12 bedrooms, 24 bathrooms, a guest penthouse, a sports complex, and a zero-edge pool across 5.2 acres.
• Experts suggest the couple is likely to incur a financial loss on the sale, factoring in the purchase price, renovations, holding costs, and tax obligations.