Ben Affleck and Jennifer Lopez reduce asking price of Beverly Hills home to below their purchase price.
After nearly a year of attempting to sell their expansive Beverly Hills estate, notable actors Ben Affleck and Jennifer Lopez have significantly reduced the asking price of their property. The couple, recently divorced, has lowered the listing from million to just under million, a price point that is slightly less than what they initially paid for the home in May 2023.
Insiders informed Media News Source that Affleck, 52, was instrumental in pushing for the price reduction, although it remains unclear what factors prompted Lopez, 55, to consent to the decision. It is noteworthy that the current real estate market conditions have influenced the valuation of the property, which boasts a spacious 38,000 square feet. Real estate experts have cited rising insurance costs as a key issue; prospective buyers would be responsible for approximately 0,000 annually for insurance alone, which has diminished the property’s appeal.
Affleck and Lopez acquired the mansion for just under million and have placed it back on the market a little over a year later, coinciding with ongoing speculation regarding their relationship status. The couple officially tied the knot in the summer of 2022 during two ceremonies. However, Lopez filed for divorce in August 2023, marking the second anniversary of their second wedding. They reached a divorce settlement in January 2024, which stipulated no spousal support for either party.
While both Affleck and Lopez remained relatively reticent about the details of their split in the months following their divorce, they have recently begun to speak more candidly about their experiences. Affleck characterized the end of their marriage as “drama-free,” asserting that there was “no scandal, no soap opera, no intrigue.” Conversely, Lopez has expressed feeling more liberated since the divorce and described her current state as one of newfound strength and resilience.
As the Hollywood duo navigates their post-marital landscape, the sale of their Beverly Hills mansion represents a significant chapter in their lives. With the asking price now adjusted and the property on the market, both Affleck and Lopez seem poised to move forward, closing a prominent chapter in their intertwined narratives.
