Jennifer Lopez’s love may not “cost a penny,” but her mansion sure does. The 38,000-square-foot Los Angeles home she once shared with Ben Affleck has been on the market for 100 days as of October 21, and doesn’t appear to be disappearing from the busy real estate market anytime soon.
Lopez and Affo filed for divorce in August after two years of marriage and purchased the home, Crestview Manor, in May 2023 for a casual price of $60.8 million. 24 bathrooms, mountain views, 12 bedrooms. The couple listed their home on Zillow in July for an eye-popping $68 million, but as one can imagine, not that many people were clamoring to shell out nearly $70 million for a home house.
September, TMZ Reports say the couple almost closed the deal, but the potential buyer backed out of the deal after making a $64 million offer for the property, which the “Let’s Get Loud” singer and her ex-husband accepted. The house is still on the market. Meanwhile, Affleck reportedly purchased a $20.5 million Los Angeles home over the summer, while J.Lo is said to be considering purchasing the historic home of late BCBG founder Max Azria.
Although Crestview Manor has been on the market for more than three months, for sale sunset Star Jason Oppenheim told Realtor.com that in his professional opinion, the former couple shouldn’t be worried.
The couple put their home on the market in July 2024.
(Image source: Getty Images)
“It’s amazing that this house sold in less than 100 days,” said the Oppenheim Group co-founder, adding that in his experience, “most homes of this size sold. Homes have been on the market for six months, and cases have been significantly longer in many places.
That being said, the luxury real estate expert noted that he doesn’t think the former power couple will get what they ask for. “They’re probably going to sell the house for $58 million to $60 million, so they’re probably going to lose millions of dollars on the sale,” Oppenheim said.
Another issue is the location of the house, which requires a special “mansion tax.” The reality star noted that since Crestview Estates is “located in the Beverly Hills Post Office District, which is technically within the city of Los Angeles (as opposed to the independent city of Beverly Hills),” Lopez and A. Fleck “will have to pay more than $3 million.”
Oppenheim told Realtor.com that this means the predecessor “may have lost over an additional $5 million after commissions, taxes, etc.” Luckily, J.Lo is reportedly up for an Oscar and planning a major comeback in 2025, including a tour and a new album, so it seems like she’ll be fine.
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