Affleck-Lopez Mansion: A $22M Loss?

Ben Affleck and Jennifer Lopez are reportedly facing a substantial financial loss on their Beverly Hills marital mansion, with an estimated shortfall of $22 million. The couple originally purchased the lavish property for $60.8 million in July 2023, less than a year after their wedding. However, the home has remained on the market for over a year, enduring multiple price reductions.

Initially listed at higher prices, the mansion's asking price has been slashed, now standing at $52 million. This represents a significant decrease from the original purchase price, and experts suggest that a further reduction to around $49 million might be crucial to attract buyers. The property, once intended as their marital home after extensive renovations, has become a persistent financial challenge for the now-divorced couple.

The financial strain is compounded by substantial ongoing carrying costs. These include an estimated $17,000 per month for utilities, property taxes, and maintenance for the 38,000-square-foot estate, which features numerous amenities. Additionally, Los Angeles imposes a 'mansion tax' on sellers of high-value properties, further impacting the net proceeds from any eventual sale. Real estate professionals note that a stagnant listing can also lead to depreciation in market value.