realestate

Jennifer Lopez and Ben Affleck's $60 Million Mansion Purchase

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J
ennifer Lopez and Ben Affleck have taken their $60 million Beverly Hills estate off the market, just under a year after listing it for $68 million. Despite an $8.1 million price cut in May, the property failed to attract a buyer. The 5-acre mansion boasts impressive mountain views, a renovated interior with 12 bedrooms and 24 bathrooms, and luxurious amenities like a bar, basketball courts, and a gym.

    The couple purchased the home in May 2023 for $60.85 million, just months after tying the knot. They spared no expense renovating it to their tastes, but ultimately couldn't sell it even with a significant price reduction. The monthly maintenance fees alone could be as high as $284,000, not including mortgage payments and Los Angeles mansion tax.

    Lopez and Affleck reportedly tried to sell the property off-market in June 2024 before listing it publicly for $68 million. After lowering the price to $59.95 million in May of this year, they decided to take it off the market altogether. A source close to the couple revealed that they were hesitant to take a big loss and had been advised to remove the listing after their price cut failed to generate interest.

    The decision to take the property off the market suggests that Lopez and Affleck may be looking for an off-market sale or are simply waiting for better market conditions. The A-list couple has already moved on, with Affleck purchasing a new home in Pacific Palisades and Lopez buying a retreat in Hidden Hills.

Jennifer Lopez and Ben Affleck purchase $60 million mansion in Los Angeles.