Lifestyle

J. Lo and Ben Affleck Secure Impressive Deal on Beverly Hills Estate

After a whirlwind romance, two weddings, and several real estate rumors, celebrity couple Ben Affleck and Jennifer Lopez may have finally found their forever home.

According to TMZ, the duo recently pᴜгchased an extravagant mansion in Beverly Hills. The property reportedly sold at the end of May for $60,850,000.

At first glance, the price tag may seem astonishing, considering that the property was listed for $135 million back in 2018. How did they manage to acquire such a luxurious home at over half the original asking price?

We spoke with industry insiders to uncover the details of this intriguing deal.

No strangers to high-end real estate, both Affleck and Lopez have made significant property moves in recent times. Affleck sold his Pacific Palisades bachelor pad for $28.5 million in 2022, while Lopez listed her Bel Air estate for $42.5 million earlier this year. Despite reducing the price to just under $40 million, her property has yet to find a buyer.

The couple has been actively searching for a new home in the Los Angeles area since 2021. They were previously eyeing a $64 million Pacific Palisades property. Throughout their search, Lopez and Affleck have enjoyed luxurious residences in various locations, including Miami Beach, Montana, and the Hamptons.

So, where have they likely chosen to settle down? Let’s take a closer look at their new Beverly Hills estate.

Known as the Wallingford estate, this impressive mansion spans 38,000 square feet and sits on 5 acres of land. With 12 bedrooms and 24 bathrooms, it has been marketed as one of the most iconic estates in Beverly Hills. The property is accessed through two private and gated entrances.

Notable features include a 5,000-square-foot guest penthouse, a caretaker house, a two-bedroom guardhouse, and parking for over 80 cars. The grounds feature a stunning zero-edge pool, which serves as the centerpiece of the landscaped surroundings.

Originally owned and designed by developer Gala Asher, the mansion was pᴜгchased for $22 million in 2016 and underwent extensive renovations. Despite its impressive amenities, including a sports facility with a pickleball court, boxing ring, sports lounge, and bar, the property struggled to find a buyer. Over the past few years, the price was reduced multiple times, eventually reaching $75 million in March. Lopez and Affleck managed to secure an even better deal.

According to luxury real estate agent Myra Nourmand, the couple made a smart pᴜгchase at $60 million. “They got great value at this price,” she says. The property offers the privacy and security that high-profile individuals like Ben and J. Lo seek, making it difficult for paparazzi to intrude.

Real estate agent Cara Ameer suggests that the couple may have chosen a turnkey property with no need for renovations. This aligns with their desire for a hassle-free living experience.

In the end, it seems that taking their time to find the perfect home paid off for J. Lo and Ben Affleck. They secured a remarkable deal on an exquisite property that aligns with their high-profile lifestyle and privacy needs.