Jennifer Lopez and Ben Affleck’s $68 million Beverly Hills pad is still high and dry … sitting unsold after more than a month on the market.
We spoke to multiple L.A. real estate sources who tell us there’s been no movement on the mansion — so seems like even the drama of the pair’s recent divorce news isn’t enough to nudge things along.
We’re told the 12-bedroom, 24-bathroom palace has had plenty of showings since it was listed publicly in July … but no serious offers or deals are in place.
One agent believes the house might be on the market for a while because it’s tough to flip a place so soon after buying it at a much higher price — just like what’s happening with Jen and Ben’s place.
They snagged the house for just over $60 million last year, and put a ton of money into renovations … but even with all those upgrades, we’re told it’s a tough sell to explain why it’s worth $8 million more … less than a year later.
Plus, the pool of potential buyers who can afford a $60-million-plus mansion is probably pretty small.
Meanwhile, another agent added it’ll take a while for any big deals to happen, thanks to the tough market with high interest rates.
TMZ broke the news … J Lo headed straight to L.A. County Superior Court to file for divorce, and our sources told us there was no prenup in sight.
Ben’s since bought a new $20.5 million Brentwood mansion … firmly closing the door on the divorced couple’s empty house.
Despite their best efforts, Jennifer Lopez and Ben Affleck’s $68 million Beverly Hills mansion continues to remain unsold after more than a month on the market. Real estate sources in Los Angeles have confirmed that there has been little to no movement on the 12-bedroom, 24-bathroom property, despite multiple showings. It appears that even the recent news of the couple’s divorce is not enough to attract serious offers.One of the reasons for the lack of interest could be the difficulty in convincing potential buyers that the mansion is worth $8 million more than what J Lo and Ben originally paid for it just a year ago. Despite the extensive renovations that were done to the house, the market conditions and high interest rates are proving to be major obstacles in closing a deal.Another factor that might be contributing to the slow sale of the property is the limited pool of buyers who can afford such a high-priced mansion. With a price tag of over $60 million, the number of potential buyers is significantly reduced, making it a challenge to find the right match for the lavish estate.It seems that Jennifer and Ben’s real estate woes are a reflection of the current market conditions, where high-end properties are taking longer to sell due to economic uncertainties. However, as the market stabilizes and interest rates potentially decrease, there may be more opportunities for big deals to happen in the future.In the meantime, both Jennifer Lopez and Ben Affleck have moved on to new properties, with Ben purchasing a $20.5 million mansion in Brentwood. As we continue to monitor the latest developments in the real estate market, stay tuned for more updates and insights on valuable information to guide your own real estate decisions. We are committed to providing you with reliable and relevant content to support your journey in the world of real estate.
Follow us to see more useful information, as well as to give us more motivation to update more useful information for you.
Source: Tampa Bay Times
