Ben Affleck and Jennifer Lopez were supposed to be the endgame. The two dated each other way back in the early 2000s and even got engaged in 2004. However, their happily ever after could not last too long as they soon went their separate ways.
After starting families with other people and finding love a couple of times, the duo were linked again in 2021. Well, this time around, it did not take long for love to blossom, and soon they were married in July 2022. But as we all know, their second go at life together ended rather disappointingly, and by January 2025, they were divorced.
Now that things are done and they both have gone their separate ways, one thing continues to tie them together: their sprawling Beverly Hills mansion, which they purchased in 2023 for over $60 million. The acquisition came at the peak of their rekindled romance, dubbed Bennifer 2.0. However, the mansion has now become a symbol of contention between them.
Ever since they went their separate ways, the two have been trying to sell it as the property has become a huge financial and emotional albatross. A poignant reminder of their failed romance, read on to learn more about it, why it is not selling, and the significant financial risks the couple faces as they attempt to offload this extravagant property.
Ben Affleck and Jennifer Lopez’s former home: A mansion of unparalleled luxury
When Ben Affleck and Jennifer Lopez got back together after decades, they were looking forward to living the rest of their lives together in their own home. Their search finally ended when, after two years of looking, they settled on the Beverly Hills estate, previously owned by billionaire Ron Burkle. It is a masterpiece of modern architecture nestled in the exclusive Wallingford Estates.
Purchased for $60.85 million, in cash by Ben and Jen, the property spans 6 acres and offers an array of amenities that cater to the elite clientele. The main residence features soaring ceilings, floor-to-ceiling windows, and a seamless indoor-outdoor flow. The 12 bedrooms, 24 bathrooms, and 15 fireplaces are complemented by a 5,000-square-foot sports facility that even has an indoor pickleball court and boxing ring apart from a sports lounge (via TMZ).
With a 2-bedroom guard house, the security in the house is unmatched, and the entire estate is double-gated. Offering a breathtaking view, the estate is situated at the top of a five-acre promontory. It even features a 5,000 sq. ft. guest penthouse with 12-car garage space and parking for over 80 vehicles (via Page Six). Often described as a ‘white elephant’ due to its exorbitant upkeep and lack of buyer interest, the mansion offers the best of Los Angeles, complete with incredible panoramic views. Yet, the house remains on the market, unable to attract potential buyers.
Despite being a steal, Ben Affleck and Jennifer Lopez’s former mansion remains unsold
Despite its grandeur, the Beverley Hills mansion has struggled to attract buyers since being listed for $68 million in July 2024. By May 2025, the couple slashed the price by $8 million, bringing it to $60 million, yet it remains unsold (via Realtor.com). Several factors contribute to this lack of interest. The Los Angeles luxury real estate market has cooled, with high interest rates and economic uncertainty deterring ultra-wealthy buyers.
Moreover, it is not uncommon for properties in the $50 million-plus range to linger on the market, given that the buyers for such properties are limited. Given its nickname, the mansion’s sprawling size, the numerous amenities and facilities, and the staff required to maintain it make it a more expensive investment to upkeep and highly difficult to sell. When comparable estates are available in the market at lower prices, the prospect of inheriting such a financial burden is obviously not of interest to potential buyers.
Furthermore, there is also a chance that, given the mansion’s association with Ben Affleck and Jennifer Lopez and their high-profile divorce, any potential buyer may be deterred from purchasing the property due to unwanted publicity and excessive media attention. The mansion has been featured extensively in tabloids and on X, with outlets speculating on Affleck’s motivations for selling at a loss, making the estate less appealing to buyers who value their privacy.
Moreover, the house remains unsold largely because of the difference of opinion between the former couple. While the Batman star is ready to sell their palatial house, even if it means incurring some losses, his ex-wife isn’t too keen on the proposal. Reportedly, the major reason why the house is still on the market is that the Gone Girl star is not ready to lower the price and wants her money’s worth.
According to an insider, via RadarOnline.com, J.Lo is not ready to sell the mansion until she gets all the money she spent on the property.
When they first got divorced, J.Lo made it very clear to Ben that she expected to make all her money back, or as near to it as possible, from the mega-millions she invested in this property. The issue is that nobody’s bitten because of the insanely high asking price, so Ben wants to cut his losses and get what they can instead of paying a fortune in property taxes while it’s still on the market.
The insider further added:
But from J.Lo’s point of view, he’s forgetting how much she spent on him and their lifestyle when they were together. She feels he owes her and that’s a big reason why she’s digging in hard and making this house sale a point of principle. But Ben thinks she’s being petty and delusional, since the market’s changed so much and it’s bleeding them both dry the longer they hold onto it.
The unsold mansion is reportedly adding to their woes because of the expenses and upkeep the property requires every month. Reportedly, Affleck has been getting hot and bothered as Lopez is not ready to lower the price despite having asked her nicely. Well, the former couple remains on a standstill, and their former home remains unsold as they continue to incur severe losses from the property.
Potential financial losses for Ben Affleck and Jennifer Lopez
Ben Affleck and Jennifer Lopez’s former home has been on the market for quite some time now. The former couple’s inability to sell the mansion poses substantial financial risks for them both. As News Nation reported, the couple is still paying for their white elephant of a mansion. According to a source, the property taxes alone on that house are reportedly $762,000 per year, and an additional $750,000 is required for insurance and maintenance. So, whoever buys it, they’re out at least $1.5 million per year just to keep the lights on.
Hence, the former couple must be spending around $63,000 per month, which is $125,000 split evenly, to keep the house in shape and running. Maintenance costs since the purchase likely add another $2-3 million, based on the property’s size and amenities. After the $8 million reduction, the current $60 million asking price is already below their purchase cost, and further cuts may be necessary to attract a buyer.
Moreover, given that the house is situated in Los Angeles, which was recently struck by deadly fires that wiped out entire neighborhoods, the insurance costs have been skyrocketing. According to TMZ, the insurance cost for the ‘white elephant’ is reportedly so high that it deters any prospective buyer. As per TMZ and earlier mentioned estimates, the duo has to pay $500,000 a year, which is another reason why buyers are not inclined to purchase the property.
One a testament to Ben Affleck and Jennifer Lopez’s reunion, the Beverly Hills mansion now remains a cautionary tale of overambition in both romance and real estate. A ‘white elephant,’ the Beverly Hills estate will likely linger in Hollywood lore as a reminder that even the grandest homes cannot guarantee lasting happiness.
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