Jennifer Lopez and Ben Affleck make a HUGE cut to $68M asking price for marital mansion after money 'feud'
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Jennifer Lopez and Ben Affleck have made a huge cut to their $68million listing price for their Bel Air, California mansion.
According to a Thursday report from TMZ the exes have dropped the hefty price by $8M.
That is a massive reduction and one that will likely hit their pocket book as they snapped up the massive home for $60,850,000 in May 2023.
The site added that Ben had been pressuring the Unstoppable actress to drop the price because he wants it to sell.
After the Grammy-winning singer reportedly dragged her feet for a while, she gave in and let him chop the price.
The house has been on the market since July 2024, it has been claimed.
Insiders have told DailyMail.com that at $68M the dwelling was overpriced and there was an added issue with how high the insurance is for a home located in the hills where vegetation is lush and a potential fire hazard.
DailyMail.com has reached out to Jennifer's rep for comment.
The mansion, which Ben and Jennifer purchased for just over $60million, was first listed in July 2024.
Earlier this month it was reported by TMZ that Affleck was eager to lower the price of the house while Lopez is not ready to do so, despite there not being much interest in the abode.
'Jennifer thinks they can get more money for the home, so she wants to keep the price as is. But the real estate market is not there and it’s not selling,' an insider told the site.
Meanwhile Affleck was prepared to sell, no matter the final offer.
'Ben wants to get rid of it because their divorce is over and he wants to cut all ties and have it be done,' the insider stated. 'He just wants it over and to sell it. He wants to reduce the price.'
Some realtors have also informed TMZ that the $68M asking price is too high and needs to be dropped by at least 15% if the pair want to offload their marital home.
An agent told the publication that the two stars had overpaid for the estate - which consists of 12 bedrooms and 24 bathrooms.
But buyers who do have the finances to purchase a home around that price range are currently searching for deals in the market.
Insurance costs are also on the rise - with insiders telling the outlet that insurance for the Beverly Hills mansion is estimated to be around $500,000 annually.
Earlier this year in January, deadly wildfires spread throughout Southern California which has also resulted in fire insurance costs catapulting .
Last year in August - one month after the house was put on the market - Lopez and Affleck struggled to find a buyer, despite the renovations made .
The following month, the stars faced a devastating blow after they accepted an offer on the estate.
TMZ reported at the time that Ben and Jennifer received a $64 million offer from a New Jersey couple. However, they 'pulled out of escrow' due to a death in the family.
Selling Sunset star Jason Oppenheim told Realtor.com in October 2024: 'It would have been surprising for the house to sell in less than 100 days.'
In November she showed off her back yard.
The singer was promoting her new album This Is Me... Now as she walked on the lawn at the Bel-Air, California property that has views of the surrounding mountains.
The swimming pool costs around $150,000 because it is extra large - it is about three times larger than the average pool - and also has two costly features: infinity and zero edge.
Infinity means the water falls down into a lower pool and then is pumped back up - this creates a look like the pool never ends. Zero edge means the water comes right to top when you enter the pool, as in there is no lip. There is also a built-in hot tub at the far edge.
Her pool was also accented by several long white lounge chairs that were placed in the shallow end.
The siren from the Bronx was in one of the outfits for the album cover. She had on a beige hat, white tank top, layers of gold jewelry and baggy jeans with construction boot as she held onto a glass of her alcoholic beverage, Delola.
Her new album This Is Me... Now is about her rekindled love for Affleck after they ended their engagement about 20 years ago. There will also be a film to go with the new tracks which will come out on February 16, 2024.
She has been showing off her decadent new home on social media for months.
Often she poses around the impressive grounds.
This comes after the Maid In Manhattan movie star presented her Thanksgiving table not located in her dining room, but rather in the backyard of her home.
The table was long and rustic wood with green eucalyptus leaves everywhere along with lemons and oranges and hurricane lamps with white candles.
She also had Hermes gold-and-white plates which start at $200 for a salad plate and go up to $500 for a dinner plate. Lopez used two per person.
The Mother actress was promoting her alcohol brand Delola and she noted that the beverage is great because the products are already mixed inside so there is no need to blend.
She had in her hand the L'Orange Spritz which was Premium Amaro, Orange, and Passionfruit.
'An ode to the Italian spritz with notes of bright, delicious fruit perfectly balanced with the bitterness of amaro. Delola will set you free – free from cutting, squeezing and mixing. Simply pour Delola over ice and experience a world-class crafted cocktail,' she says online.
Lopez wore a belted khaki dress with black buttons. Her hair down in soft waves as she added hoop earrings.
The diva revealed a glimpse of the lush interior while posing in her hallway, as she was getting ready for the splashy LACMA Gucci event in Los Angeles.
Her home is filled with white surfaces with hints of silver and gold for a modern twist.
It's not the first time she has been seen in her supersized dwelling - the Bronx native has also taken videos in her kitchen, and posed in her living room and on her patio with views of her infinity pool.
The Hollywood power couple purchased the home with JLo overseeing all the decorating.
This summer the married couple handed over $60.85 million for the 46,000 square-foot mansion, according to TMZ.
The deal took just one week and the pair paid nearly $15 million under the $75 million asking price.
It first hit the market in 2018 for $135 million but that price was slashed nearly in half when it was re-listed this year.
The home — referred to as the 'Wallingford estate' — sits on a 5-acre promontory and boasts 12 bedrooms and 24 bathrooms.
The listing reveals that it was 'newly rebuilt and expanded' and features a 12-car garage and parking for 80.
There is also a 'one-of-a-kind' indoor sports complex, a 5,000 square-foot guest penthouse, a caretaker house and a two-bedroom guard house on the grounds.
With the indoor sports facility, Jennifer has a full gym at her disposal as well as courts for basketball, pickleball, and a boxing ring.
There is also a sports lounge and a bar.
TMZ reports that there is also a full hair and nail salon, a home theater, wine cellar, whiskey lounge, as well as sauna and massage rooms.
A zero edge pool is located behind the main house and overlooks the area.
There are two private, gated entrances to the property.
Brett Lawyer — who has worked with Katy Perry and Madonna — represented the couple in the sale.
Meanwhile, JLo Beauty has a surprise for fans.
There is a new Fresh and Flawless Skincare Kit which has been launched just in time for Mother’s Day.
'The perfect routine for glowing skin, this kit features six formulas to brighten, firm and hydrate with lasting results,' the rep shared.
The special subscription price for the kit is USD $59.95 and includes 6 JLo Beauty products along w/ 3 free gifts: A jar of the brand’s popular Beso Balm Ultra-Hydrating Lip-Mask and 2 That Limitless Glow Sheet Mask.
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