The luxurious estate boasting stunning views, features, and a rich history.
Jennifer Lopez and Ben Affleck have relisted their former Beverly Hills estate for $59.95 million, reflecting an $8 million price drop since its initial listing. This price reduction follows the couple’s recent divorce, raising questions about the future of the property. Despite its high asking price, the estate, boasting extensive luxury features, may attract interest from affluent buyers despite annual insurance costs of $500,000. Real estate experts suggest the significant price cut signals a motivated seller amid industry trends in luxury real estate.
Jennifer Lopez and Ben Affleck have relisted their former Beverly Hills estate for $59.95 million, marking an $8 million reduction from the original asking price of $68 million when it was first listed in July 2024. This significant cut comes shortly after the couple’s tumultuous personal circumstances raised questions about the future of their property.
The luxurious estate is situated on a five-acre promontory within the gated Crestview Manor enclave and encompasses an impressive 38,000 square feet of living space. The mansion features 12 bedrooms and 24 bathrooms, making it one of the largest residential properties in the area. Among the numerous high-end amenities are a 5,000-square-foot guest penthouse, an indoor sports complex complete with a boxing ring and basketball court, a 12-car garage, and a zero-edge pool that offers stunning mountain views.
Lopez and Affleck, married since 2022, filed for divorce in August 2024, just two years later, which spurred rising speculation around the sale of their estate. The couple finalized their divorce settlement in January 2025, with neither party entitled to spousal support. The quick turnaround in their relationship status has contributed to a growing curiosity about the estate and its future.
Despite the property’s high asking price, potential buyers may be deterred by the annual insurance premiums, which are estimated to be around $500,000. The combination of high costs and the couple’s recent split may have further dampened interest in the estate.
Real estate insiders note that even with the price reduction, the estate is regarded as one of the most exclusive offerings in Beverly Hills, conveniently located near the iconic Beverly Hills Hotel and the Van Nuys private airport. The property is currently listed with Realtor Santiago Arana of The Agency, who is managing the sales discussions as the couple seeks to offload the estate.
Originally purchased for approximately $61 million in May 2023, the estate has undergone a considerable transformation and has been tailored to include a variety of luxurious features. The drop in price could attract attention from affluent buyers looking for a unique property in a prestigious locale, despite the complications surrounding its ownership.
As the listing continues to attract interest, it remains uncertain how long the estate will stay on the market. The significant reduction in price suggests a motivated seller, particularly considering industry trends in luxury real estate in Beverly Hills. The combination of the estate’s opulence and its reduction in price will likely play a crucial role in its ultimate sale.
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