Jennifer Lopez and Ben Affleck Take $60M Beverly Hills Mansion Off Market After One Year

Jennifer Lopez and Ben Affleck have jointly decided to pull their lavish Beverly Hills mansion off the market after it failed to attract a buyer for over a year. Sources tell People that the move was a strategic, mutual business decision aimed at avoiding a significant financial loss.

Price Cuts and Market Challenges

The couple initially listed the 12-bedroom, 24-bathroom estate, spanning 38,000 square feet, publicly in July 2024 with an asking price of $68 million, following a period of discreet off-market attempts. Despite a subsequent price reduction of $8.5 million—bringing it down to $59.5 million—the home remained unsold. Public real estate records as of July 2, 2025, confirm the property has been withdrawn from active listings.

A real estate insider described the current market as “rough,” especially for high-end properties like this one. “Taking it off the market until it’s more of a seller-friendly climate seems like the smartest decision,” the source said.

Home Highlights and Purchase Details

Affleck and Lopez purchased the mansion in May 2023 for approximately $60.8 million. The estate boasts recent renovations described as “the highest level of quality” and features a bar, sports lounge, gym, boxing ring, basketball and pickleball courts, a 12-car garage, a 5,000-square-foot guest penthouse, caretaker house, and a two-bedroom guardhouse—clearly tailored for luxury living and entertaining.

Personal Changes Following Divorce

The real estate developments follow the couple’s split in early 2025, two years after their July 2022 wedding. Lopez filed for divorce on August 20, 2024—their traditional wedding anniversary—with the divorce finalized January 6, 2025.

Post-divorce, Lopez purchased a new home near Los Angeles in March 2025 for around $18 million. Affleck also moved on, acquiring a five-bedroom Brentwood property last summer for $20 million. According to People, Affleck’s new neighborhood is known for its sophisticated, established entertainment community, suitable for both family life and bachelor living.

A Joint Decision

Despite their personal separation, Lopez and Affleck approached the sale of their shared home as a united front. “While they’ve been hoping to sell the property, they’ve also been hesitant to take a big loss,” a source said. “They lowered the price to get more interest and when this didn’t happen, they were advised to take it off the market. It was a business decision that they made together.”

With the mansion temporarily off the market, the iconic couple appears focused on their new individual chapters—both personally and in their real estate endeavors—while awaiting a more favorable market climate for their stunning Beverly Hills estate.