Jennifer Lopez Splurges On $21M LA Compound After Ben Affleck Split

Jennifer Lopez has reportedly bought an expansive Los Angeles compound after she and her ex-husband, Ben Affleck, settled their divorce.

Nonetheless, regardless of their settlement, the previous couple nonetheless has their marital mansion conserving them linked as they’ve but to discover a purchaser for the Beverly Hills property.

Jennifer Lopez and Ben Affleck bought the mansion in Might 2023 for $61 million and attributable to renovations, they listed it for $68 million available on the market.

In keeping with TMZ, the singer purchased a Los Angeles compound positioned in Hidden Hills months after her ex-husband bought his personal place in Brentwood.

Lopez’s new property, a 2.5-acre property, incorporates a 10,046-square-foot most important home, a barn, stables, a using area, a pool, and a visitor home.

It additionally boasts a completely outfitted fitness center, a theater, and a chef’s kitchen, giving the surroundings a contemporary twist.

The information outlet notes that previous to Lopez’s latest buy, the house was initially owned by John Fogerty, who purchased it from actor Sylvester Stallone.

The precise quantity paid by Lopez for the LA compound stays unknown. Nonetheless, it has been confirmed that the asking worth for the property was $21 million and the actress bought a “nice deal.”

Earlier than Lopez filed for divorce from Affleck in August final yr, the ex-couple was already making an attempt to dump their large marital dwelling in Beverly Hills.

The luxurious property was bought in Might 2023 and was listed available on the market in July 2024 for $68 million.

Whereas it’s unclear when a sale will lastly happen, sources have revealed that purchasing the home within the first place was not Lopez’s concept, regardless of her investing a variety of time in looking for one on the time.

“The $68 million mansion was Ben’s concept,” defined an insider in regards to the marital dwelling buy, per People Magazine. Apparently, Lopez prefers the “romantic, Spanish, European vibe,” which made selecting the Beverly Hills mansion a “main compromise for her.”

They added, “She agreed to it due to its spacious structure, accommodating each their households, a fitness center and a pickleball court docket, workplace area, plus it has two personal entrances.”

In September 2024, the previous lovebirds reportedly accepted a suggestion on their marital dwelling, however the deal fell via.

In keeping with TMZ, a supply revealed {that a} couple from New Jersey fell “in love” with the 38,000-square-foot property and made a $64 million provide, which the A-list stars accepted.

Sadly, the potential patrons suffered a dying of their household and “pulled out of escrow.” The insider, nonetheless, famous on the time that they “are nonetheless within the property.”

Affleck and Lopez paid $61 million for the home in Might 2023 and spent hundreds of thousands on renovations.

In addition they reportedly needed to pay a 5.25 % mansion tax and a “hefty charge to the realtors,” which means they’ve invested loads into the 12-bedroom, 24-bathroom dwelling. So, at $64 million, the previous couple would have more than likely taken some loss.

Well-known actual property dealer and the star of “Promoting Sundown,” Jason Oppenheim, beforehand shared that Affleck and Lopez should not be too bothered by the period of time it has taken to promote their mansion, noting that such large properties are likely to take a minimum of six months to discover a purchaser.

Whereas talking to Realtor.com, he shared, “It could have been shocking for the home to promote in lower than 100 days,” including that “most properties of this magnitude are available on the market for six months, and in lots of instances considerably longer.”

The outlet gave a variety of components inflicting a delay within the sale of the mansion, noting that bills related to the sale would lead to a smaller pool of potential patrons. It additionally acknowledged that individuals who could make such pricey purchases are likely to delay in hopes of a worth discount.

One other vital issue is the estimated $283,666 the house owner would doubtless spend every month on taxes, safety, and owners affiliation dues.

Lopez and Affleck’s dwelling additionally competes with different luxurious properties in Los Angeles, making promoting tougher.

Lopez and Affleck had been declared legally single by the Los Angeles County Superior Court docket on Friday, February 21, in accordance with paperwork obtained by People Magazine.

This comes after settling their divorce on January 6 after going via mediation. Neither Lopez nor Affleck acquired spousal assist, and each had been allowed to stroll away from the wedding with all the belongings they owned earlier than tying the knot in 2022.

The singer reportedly bought to maintain her 8.5-carat diamond engagement ring, value an estimated $5 million. She will even break up the proceeds from her Beverly Hills mansion with Affleck each time they promote the property.