Jennifer Lopez refuses to budge on mansion price, leaving Ben Affleck in real estate ‘stalemate’

The ongoing story of Jennifer Lopez and Ben Affleck after their divorce has taken another turn. This time focusing on the sale of their luxurious Beverly Hills home. Priced at a steep $68 million, the massive 38,000-square-foot house has not drawn any serious buyers, creating a major problem for the former couple.

According to TMZ, The issue comes down to a disagreement over the price. Affleck reportedly wants to lower it significantly, while Lopez firmly believes the home is worth the full amount. They bought the mansion in May 2023 for $60.85 million, but it has quickly become a point of conflict. Both Affleck and Lopez reportedly regret the purchase.

Affleck thought the location was too far from his kids, and Lopez felt the house was much bigger than she needed. These regrets and the current state of the real estate market have made selling the property much harder than expected.

Ben Affleck and Jennifer Lopez can’t agree on a mansion sales price

The high asking price is the main reason for the lack of serious offers. Several real estate agents agree that the price must drop by at least 15% to attract buyers in today’s luxury market. One serious offer of $64 million was made, but the deal fell apart during the closing process. While Lopez was reportedly open to this offer, she has been unwilling to accept any bigger price cuts.

Another complication is the huge annual insurance cost, which is estimated to be around $500,000. This cost has gone up because of the recent wildfires in Los Angeles, and it is scaring away potential buyers, making the sale even more difficult. The combination of high insurance costs and the steep asking price creates a major financial obstacle for anyone interested.

The mansion is the last big asset Affleck and Lopez shared after their divorce earlier this year. The details of their divorce settlement are private, but their ongoing argument over the sale price shows that there are still unresolved issues between them, even after legally separating. Their inability to agree on a price has led to a standoff, leaving both of them in a tough spot.

The large amount of money involved, along with the emotional ties they have to the property from their shared past, has turned the sale of the mansion into both a financial and emotional challenge. For now, the $68 million Beverly Hills mansion stands as a reminder of their unresolved past, rather than a step toward a financially settled future.