Inside Jennifer Lopez’s mission to sell $101m mansion
Jennifer Lopez has shared a virtual tour of the $101 million mansion she shared with ex-husband Ben Affleck.
Jennifer Lopez is still residing in the $US68 million ($A101 million) megamansion she shared with Ben Affleck, five months after the pair listed the property amid their shock divorce.
The “Ain’t It Funny” singer, 55, posted on Instagram photos and video of herself inside the Beverly Hills property, revealing that the pricey pad has been decked out for the Christmas season, despite still being on the market, Realtor reports.
It is thought that Lopez is living in the home alone; Affleck, 52, is understood to have snapped up a bachelor pad in Los Angeles for $US20.5 million ($A31.3 million), where he is said to have been living for the past five months.
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Back in September, Lopez was reportedly “in negotiations to buy” an opulent $55 million Beverly Hills estate. However, her latest Instagram posts reveal that she is still residing in her former marital home.
The social media posts show the “Jenny From the Block” singer strutting through the mansion in a black sequin dress, posing up a storm in front of an immaculately decorated Christmas tree, and cooking herself a midnight snack after a night on the town.
“MY FAVORITE PART about going out is coming home for the midnight snack,” she wrote alongside the image post, which also showed her striking a pose for the camera in her stunning dressing room.
The video post, which was set to a viral TikTok sound that features a dance instructor urging his pupil to “believe in yourself,” shows Lopez catwalking down a long hallway in the home, sashaying past art-covered walls while staring seductively at the camera.
Lopez and Affleck put their expansive 12-bedroom, 24-bathroom property on the market in July — one month before the singer and actress filed for divorce on the couple’s two-year anniversary.
The decision to list the property came amid furious speculation about the state of the duo’s romance — and was seen by many as a foreshadowing of their split.
After calling off their first engagement in the early 2000s, Lopez and Affleck rekindled their romance in April 2021.
The couple eloped in Las Vegas in July 2022. They tied the knot for a second time a month later during a lavish ceremony at Affleck’s Georgia estate.
But just two years later, J. Lo filed for divorce on August 20, 2024, the couple’s second wedding anniversary.
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Months later, the couple’s Beverly Hills mansion still languishes on the market, having undergone extensive renovations during the pair’s ownership in order to make it more suitable for their personal tastes.
Given the exorbitant cost of maintaining the home — which Realtor.com® estimates is around $US283,666 ($A440,543) per month — it may come as no surprise that Lopez has opted to enjoy the run of the property while it remains unsold.
The pair picked up the palatial digs, following a long house hunt, for $60.8 million ($A90 million) in May 2023.
The massive sum was a relative deal, compared with the mansion’s initial $US135 million price tag in 2018. However, they soon added to the expense by embarking on a months-long renovation.
Suitable for a power couple and their children — Lopez has two with her ex Marc Anthony, and Affleck has three with Garner — the 38,000-square-foot (3,530 sqm) mansion on a 5-acre lot has 12 bedrooms and 24 baths.
It comes with a guest penthouse, a caretaker house, a two-bedroom guardhouse, a 12-car garage, and parking for 80 vehicles.
There’s an indoor sports complex with basketball and pickleball courts, a fully equipped gym, a boxing ring, a sports lounge, and a bar.
Outside, there’s a zero-edge pool and spa, the listing notes.
Despite its many over-the-top amenities, the home has sat on the market for months now without finding interest from a buyer.
Celebrity real estate agent and “Selling Sunset” star Jason Oppenheim told Realtor that the lengthy listing time wasn’t unusual for a home with such a sky-high price tag.
“It would have been surprising for the house to sell in less than 100 days,” he told the outlet in October.
“Most homes of this magnitude are on the market for six months, and in many cases significantly longer.”
He went on to note that a property of this value, has a considerably smaller buyer pool. The number of people who have the funds for a $US50 million-plus ($A77 million) home is not that large.
Still, Oppenheim believes that when the duo do eventually sell the abode, they will do so at a loss, having poured millions of dollars into the property’s renovations on top of the $US60.8 million ($A90 million) they paid for it in the first place.
“It’s likely they will sell the house in the $58 million to $60 million ($A88 million to $A91 million range, thus they could lose several million dollars on the sale,” he predicted.
But there’s more bad news for Affleck and Lopez. There’s an extra expense associated with the estate’s lofty location.
“The house is located in the Beverly Hills Post Office area, which is technically in the city of Los Angeles (not the independent city of Beverly Hills), so the mansion tax applies,” Oppenheim explained.
“Therefore, they will have to pay a mansion tax of more than $3 million. So they could lose more than an additional $5 million after commissions, taxes, etc.”
Parts of this story first appeared in Realtor and were republished with permission.
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