Jennifer Lopez has reportedly purchased an expansive Los Angeles compound after she and her ex-husband, Ben Affleck, settled their divorce.
Nonetheless, despite their settlement, the previous couple still has their marital mansion keeping them linked as they’ve yet to seek out a buyer for the Beverly Hills property.
Jennifer Lopez and Ben Affleck purchased the mansion in May 2023 for $61 million and on account of renovations, they listed it for $68 million in the marketplace.
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Jennifer Lopez Splurges On Luxurious Los Angeles Compound
In line with TMZ, the singer bought a Los Angeles compound positioned in Hidden Hills months after her ex-husband purchased his own place in Brentwood.
Lopez’s latest property, a 2.5-acre estate, contains a 10,046-square-foot essential house, a barn, stables, a riding arena, a pool, and a guest house.
It also boasts a totally equipped gym, a theater, and a chef’s kitchen, giving the environment a contemporary twist.
The news outlet notes that prior to Lopez’s recent purchase, the house was initially owned by John Fogerty, who bought it from actor Sylvester Stallone.
The precise amount paid by Lopez for the LA compound stays unknown. Nonetheless, it has been confirmed that the asking price for the property was $21 million and the actress got a “great deal.”
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The Singer Has Yet To Sell Her Marital Mansion She Shares With Ben Affleck
Before Lopez filed for divorce from Affleck in August last 12 months, the ex-couple was already attempting to unload their massive marital home in Beverly Hills.
The luxurious property was purchased in May 2023 and was listed in the marketplace in July 2024 for $68 million.
While it’s unclear when a sale will finally occur, sources have revealed that purchasing the home in the primary place was not Lopez’s idea, despite her investing a variety of time in trying to find one on the time.
“The $68 million mansion was Ben’s idea,” explained an insider in regards to the marital home purchase, per People Magazine. Apparently, Lopez prefers the “romantic, Spanish, European vibe,” which made selecting the Beverly Hills mansion a “major compromise for her.”
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They added, “She agreed to it due to its spacious layout, accommodating each their families, a gym and a pickleball court, office space, plus it has two private entrances.”
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A Deal For The Ex-Couple’s Beverly Hills Mansion Fell Through
In September 2024, the previous lovebirds reportedly accepted a proposal on their marital home, however the deal fell through.
In line with TMZ, a source revealed that a pair from Recent Jersey fell “in love” with the 38,000-square-foot property and made a $64 million offer, which the A-list stars accepted.
Unfortunately, the potential buyers suffered a death of their family and “pulled out of escrow.” The insider, nonetheless, noted on the time that they “are still interested by the property.”
Affleck and Lopez paid $61 million for the home in May 2023 and spent thousands and thousands on renovations.
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Additionally they reportedly needed to pay a 5.25 percent mansion tax and a “hefty fee to the realtors,” meaning they’ve invested lots into the 12-bedroom, 24-bathroom home. So, at $64 million, the previous couple would have most definitely taken some loss.
Why Jennifer Lopez And Ben Affleck’s Home Will Take A While To Sell
Famous real estate broker and the star of “Selling Sunset,” Jason Oppenheim, previously shared that Affleck and Lopez should not be too bothered by the period of time it has taken to sell their mansion, noting that such massive properties are likely to take at the least six months to seek out a buyer.
While talking to Realtor.com, he shared, “It could have been surprising for the home to sell in lower than 100 days,” adding that “most homes of this magnitude are in the marketplace for six months, and in lots of cases significantly longer.”
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The outlet gave various aspects causing a delay within the sale of the mansion, noting that expenses related to the sale would end in a smaller pool of potential buyers. It also stated that individuals who could make such costly purchases are likely to delay in hopes of a price reduction.
One other significant factor is the estimated $283,666 the homeowner would likely spend every month on taxes, security, and homeowners association dues.
Lopez and Affleck’s home also competes with other luxurious properties in Los Angeles, making selling harder.
Ben Affleck And Jennifer Lopez Have Been Declared Legally Single
Lopez and Affleck were declared legally single by the Los Angeles County Superior Court on Friday, February 21, in keeping with documents obtained by People Magazine.
This comes after settling their divorce on January 6 after going through mediation. Neither Lopez nor Affleck received spousal support, and each were allowed to walk away from the wedding with all the assets they owned before tying the knot in 2022.
The singer reportedly got to maintain her 8.5-carat diamond engagement ring, value an estimated $5 million. She can even split the proceeds from her Beverly Hills mansion with Affleck at any time when they sell the property.
