Jennifer Lopez and Ben Affleck's attempt to sell their Beverly Hills mansion has hit another roadblock.
The couple, currently in the final stages of their divorce, had apparently found a buyer for their $68 million property, only for the deal to fall through at the last minute.
According to Realtor.com, a New Jersey couple had offered $64 million for the 38,000-square-foot property, which Lopez and Affleck purchased in May 2023 for $60.8 million. The offer was accepted and the sale went ahead. However, potential buyers backed out of escrow.
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The setback is costly, as the mansion has a monthly maintenance cost of $283,666, according to previous estimates by Realtors. The decision to put the mansion on the market in July of this year was seen as confirmation of their divorce, which Lopez officially filed for in August.
The Beverly Hills home has 12 bedrooms and 24 bathrooms and features a guest attic, a caretaker's house, a two-bedroom guardhouse and a 12-car garage. The estate also includes an indoor sports complex with basketball and pickleball courts, a fully equipped gym, a boxing ring, and a sports hall with a bar.
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The mansion's monthly maintenance cost of nearly $284,000 includes mortgage payments, property taxes, security, utilities and other expenses associated with maintaining the property.
The financial implications of the sale are complicated. Even if Lopez and Affleck get an offer close to the asking price, they may still incur losses.
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According to Realtor.com, the couple invested in extensive renovations after purchasing the property, and upon selling it, they will be responsible for agent fees and a 5.25% mansion tax.
While the divorce process continues, Lopez and Affleck appear to be moving on. Affleck reportedly purchased a $20.5 million home in Pacific Palisades, while Lopez is rumored to be in negotiations for another property in Los Angeles.
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The house's listing highlights its “cutting-edge technology” and “timeless elegance.” While the New Jersey couple who initially made the offer are said to still be interested, the future of the property remains uncertain.
The listing agent, Santiago Arana of The Agency, defended the $68 million asking price to FOX News, describing the home as “spectacular” and “really well priced.”
According to FOX News, the real estate agent expects the 5-acre property to sell for close to its current asking price before the end of the year, noting that it has attracted many serious buyers since it was listed.
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