More than a year after Jennifer Lopez and Ben Affleck put their sprawling Beverly Hills estate on the market, the luxury property still hasn’t found a buyer — despite a dramatic $8 million price cut. Originally listed for $68 million in July 2024, the 38,000-square-foot mansion is now priced at $59.95 million, according to listings updated on May 6. The estate, which the couple bought in May 2023 for just over $60.8 million, went up for sale shortly after they spent the Fourth of July apart — a public signal of growing marital tensions that eventually led to Lopez filing for divorce in August 2024.
A mansion fit for Hollywood royalty
The palatial property includes 12 bedrooms, 24 bathrooms, a state-of-the-art gym, boxing ring, sports lounge, bar, basketball and pickleball courts, a 12-car garage, and more. There’s also a 5,000-square-foot guest penthouse, a caretaker’s house, and a two-bedroom guardhouse — a setup fit for Hollywood royalty. Yet, despite its opulence, the estate has struggled to attract serious buyers, as per Finurah.
Why is the mansion not selling
Real estate experts cite several factors behind the lack of interest. High asking price in a cooling luxury market, skyrocketing maintenance costs, including security, taxes, and insurance and tough competition from other ultra-luxury properties in the area. Additionally, the location became a point of contention between Lopez and Affleck. Affleck reportedly found it inconvenient as he wanted to remain closer to his children — Violet (19), Seraphina (16), and Samuel (13) — in Brentwood.
What is next for Jennifer Lopez and Ben Affleck?
Post-split, both stars have moved on to new homes. Affleck bought a $20.5 million property in Los Angeles, while Lopez reportedly purchased an $18 million residence in Hidden Hills. Despite taking a potential $855,000 loss on the sale of the Beverly Hills estate, it’s a modest financial hit for two stars with combined net worths of over half a billion dollars. But even with a major price cut and luxury amenities, their once-shared dream home is proving to be a tough sell — a reflection of both a shifting real estate market and the realities of life after Hollywood’s high-profile breakup.