Real Estate

J.Lo and Ben Affleck List Beverly Crest Mansion for $65M Amid Divorce Rumors

J.Lo and Ben Affleck list 38,000 sq. ft. Beverly Crest mansion for $65M amid divorce rumors.

By Tal Alexander

6/10, 15:04 EDT

Key Takeaway

  • Jennifer Lopez and Ben Affleck list their Beverly Crest mansion for $65 million, a year after purchasing it for $60.85 million.
  • The 38,000-square-foot estate features 12 bedrooms, 24 bathrooms, a guesthouse, sports complex, and a massive zero-edge pool.
  • Despite significant investments in home improvements, the couple may incur losses due to broker commissions and Los Angeles' "mansion tax."

A Lavish Mansion on the Market

Jennifer Lopez and Ben Affleck, the iconic Hollywood couple, have decided to list their sprawling 38,000-square-foot mansion in Beverly Crest for $65 million. This decision comes just a year after they purchased the property for $60.85 million in cash, following an extensive search that saw them tour 80 different properties. The mansion, located at 2571 Wallingford Drive, is part of the exclusive Wallingford Estates and boasts a plethora of luxurious amenities, including a 5,000-square-foot guesthouse, a caretaker house, and a two-bedroom guardhouse. The sale, handled by broker Santiago Arana from The Agency, has sparked rumors of an impending divorce, as reported by TMZ and the San Jose Mercury News.

Financial Implications of the Sale

The sale of this opulent estate is expected to result in a significant financial loss for Lopez and Affleck. Despite listing the property for $65 million, the couple will have to cover the broker's commission, the "mansion tax" on luxury home sales in Los Angeles, and the substantial investments they made in home improvements. The mansion, which features 12 bedrooms, 24 bathrooms, a 12-car garage, and parking for 80 additional vehicles, was initially purchased by developer Gala Asher for $22 million in 2016 and later revamped. The financial strain of this sale is compounded by the couple's recent investments in the property, making it a costly endeavor.

The Mansion's Extravagant Features

The French-style Wallingford Estate, built in 2000 and modeled after Marie Antoinette’s private château, Le Petit Trianon, is a testament to luxury. It includes a 5,300-square-foot master suite, a cinema, a wine room, and a whisky lounge. The estate also boasts a spa with a hair and nail salon, sauna, massage room, and stylist area. For sports enthusiasts, the property offers basketball and pickleball courts, a gym, a boxing ring, and a sports lounge and bar within a unique indoor sports complex. The mansion's outdoor features are equally impressive, with a 155-foot-long zero-edge pool that may be the largest in town.

Relationship Strains and Public Speculation

The decision to sell their marital home has fueled speculation about the state of Lopez and Affleck's relationship. Despite recent public appearances together, reports suggest that Affleck has moved out and is renting a smaller mansion in Brentwood for $100,000 a month, close to his ex-wife Jennifer Garner's home. Meanwhile, Lopez has been spotted house-hunting around Los Angeles. The couple's public absence for 47 days and Lopez's social media activity discussing unhealthy relationships have further intensified rumors of marital discord. However, Lopez has been seen wearing her wedding ring, indicating that there may still be hope for reconciliation.

Broader Implications for the Luxury Real Estate Market

The sale of Lopez and Affleck's mansion highlights broader trends in the luxury real estate market, particularly in high-profile areas like Beverly Hills. The listing of such a high-value property underscores the challenges and financial risks associated with luxury home investments. The couple's experience reflects the volatility of the market, where even A-list celebrities can face significant financial losses. This sale also emphasizes the importance of strategic property investments and the potential impact of personal circumstances on real estate decisions.