In a surprising turn of events, Ben Affleck and Jennifer Lopez are facing complications in their attempt to sell their lavish Beverly Hills home, valued at an eye-popping $68 million.
The couple, who are currently navigating a challenging divorce with the assistance of attorney Laura Wasser, originally purchased the property in May 2023 for approximately $60.8 million.
They had recently accepted a $64 million offer from a couple from New Jersey, but the deal has now hit a roadblock.
The sale fell through after the anonymous buyers withdrew from escrow due to the unfortunate passing of a loved one.
When a property exits escrow, it typically signals that something has gone awry in the transaction, meaning the house is back on the market.
This setback leaves the future of the property uncertain, as it was initially listed on Zillow in July with a staggering price tag.
Despite the hiccup, sources close to the situation suggest that the New Jersey couple remains interested in the mansion, which boasts an impressive 38,000 square feet of luxury living space.
Affleck and Lopez, both 52 and 55 respectively, had paid cash for the estate and invested millions more into renovations.
Additionally, Affleck faced a substantial 5.25 percent mansion tax alongside other significant fees.
The stakes are high for Affleck and Lopez, as the potential sale of this property represents a crucial aspect of dividing their estimated $550 million in assets.
With Lopez’s wealth estimated at around $400 million and Affleck’s at approximately $150 million, the financial implications of their divorce are considerable, especially since they married in 2022 without a prenuptial agreement.
Known as Crestview Manor, the sprawling estate features a main house with 12 bedrooms and 24 bathrooms, a 5,000-square-foot guest penthouse, a two-bedroom guardhouse, a caretaker’s house, and a garage capable of housing 12 cars.
The property is equipped with luxurious amenities including a bar, home gym, boxing ring, basketball and pickleball courts, and ample parking for up to 80 vehicles.
Earlier reports indicated that the purchase of this mansion was somewhat contentious.
A source revealed that the idea to buy the $68 million property originated with Ben, while Jennifer had reservations.
She ultimately agreed to the purchase due to its spacious layout, which was designed to accommodate their blended family, including Ben’s three children and J.Lo’s twins.
However, it seems that the ultra-modern design of Crestview Manor didn’t quite align with Lopez’s personal style, which leans more towards romantic Spanish and European aesthetics.
Moreover, Ben reportedly found the location inconvenient, especially since he and his kids lived in Brentwood, leading to frustrations about traffic and travel time.
In light of their ongoing separation, Affleck has already moved on to a new bachelor pad, shelling out $20.5 million for a residence that suits his needs better.
As the couple continues to untangle their lives and assets, sources suggest that their divorce could become contentious, especially given the absence of a prenuptial agreement.
With financial disagreements looming, the path forward for Affleck and Lopez remains fraught with challenges.
Their journey from a whirlwind romance to a complicated divorce highlights the difficulties of blending families and managing substantial wealth.
As they navigate these turbulent waters, fans are left wondering what the next chapter holds for this high-profile pair.