The Bronx singer/actress and the Hollywood actor face a setback in the sale of their $68 million Beverly Hills mansion after prospective buyers withdraw from escrow due to a family tragedy.
- September 25, 2024
AceShowbiz - Jennifer Lopez and Ben Affleck have encountered an obstacle in their efforts to sell their Beverly Hills mansion amid their ongoing divorce. A New Jersey couple had offered $64 million for the 38,000-square-foot property, but they have since withdrawn from escrow following a death in the family.
Despite the setback, sources close to the couple say that the prospective buyers are still eager to purchase the home. Affleck and Lopez initially listed the mansion for $68 million, reflecting the renovations they made after buying it for $60.85 million in May 2023.
The property features 12 bedrooms, 24 bathrooms, a 5,000-square-foot guest penthouse, a caretaker house and a two-bedroom guardhouse. It also boasts amenities such as a 12-car garage, a sports lounge, pickleball and basketball courts, a boxing ring and a home gym. There is also parking space for up to 80 vehicles.
At $64 million, Affleck and Lopez would still face financial losses due to the 5.25% mansion tax, realtor fees and the millions spent on renovations. They had initially paid cash for the house but later took out a $20 million mortgage.
The sale of the property would represent a significant milestone in the division of the couple's combined assets of $550 million. However, their divorce remains "tricky" as they failed to sign a prenuptial agreement before marrying in July 2022.
Affleck has since purchased a $20.5 million bachelor pad, while Lopez is reportedly in negotiations to buy a $55 million mansion in Los Angeles.
