Jennifer Lopez Drops Price Of Beverly Hills Mansion By $18 Million

In May 2023, Jennifer Lopez and Ben Affleck finally ended a nearly two-year house hunt by paying $60.85 million in cash for a massive estate in the Beverly Hills Post Office area of Los Angeles.

At the time, it looked like a win. The home had previously been listed for as much as $135 million, and the couple had reportedly toured it when it was asking around $85 million. By landing it for $60.85 million, Jen and Ben appeared to have scored a major discount on one of the most over-the-top mansions in Los Angeles.

Less than three years later, that "deal" looks very different.

Jennifer Lopez has now relisted the mansion for $49,995,000. That is roughly $18 million below the original $68 million asking price from July 2024 and nearly $11 million less than what she and Affleck paid for it in May 2023.

The $60.85 Million Mansion

The property, sometimes referred to as Crestview Manor, sits on 5.2 acres in the Beverly Hills Post Office area. That means it has a Beverly Hills mailing address but is technically located in Los Angeles.

The estate includes a roughly 38,000-square-foot mansion with 12 bedrooms and 24 bathrooms. There are two gated entrances, a 10-plus-car garage, overflow parking for dozens more vehicles, a 155-foot infinity pool, multiple guest and staff structures, and a large lawn.

The home's most memorable feature may be its 5,000-square-foot indoor sports complex, which includes a basketball court, pickleball court, boxing ring, gym, and lounge.

When Lopez and Affleck bought the home, they paid entirely in cash. No mortgage. No financing drama. Just a clean $60.85 million purchase by one of the most famous couples in the world. Here is a video tour of the sprawling estate:

The Breakup Listing

By July 2024, the mansion was back on the market for roughly $68 million.

On paper, that price would have given Lopez and Affleck a small profit before expenses. In reality, the math was much tougher. Between commissions, taxes, maintenance, insurance, security, and any improvements they made, even a full-price sale would not have produced a simple $7 million gain.

Then the divorce news changed the story completely.

Lopez filed for divorce in August 2024. Court filings later indicated that the couple had separated in April 2024, meaning the decision to sell the house happened right around the same time the marriage was falling apart. Their divorce was finalized in February 2025.

The house did not sell.

The White Elephant Problem

As the listing sat, the mansion developed a reputation as a potential "white elephant."

That does not mean it is not impressive. It obviously is. The problem is that a 38,000-square-foot house with 24 bathrooms and a giant sports complex appeals to a very narrow group of buyers.

At this level of the market, bigger is not always better. A house this large comes with huge monthly costs for property taxes, insurance, staffing, security, utilities, landscaping, and general upkeep. Reports have estimated the carrying costs at more than $280,000 per month.

The location may also be an issue. The property has a Beverly Hills mailing address, but it is not in Beverly Hills proper. For a buyer willing to spend $50 million or more, that distinction can matter.

Ben Walked Away

In April 2026, the saga took another strange turn.

According to reports, Affleck transferred his entire ownership stake in the mansion to Lopez. The move was described in court documents as a transfer of property between spouses, but the practical result is simple: Jennifer Lopez now owns 100% of the home.

There was no reported buyout. No public offset. No obvious compensation.

On the surface, that sounds shocking. But it may have been a clean way for Affleck to end his connection to a difficult asset. By walking away, he gave up any potential upside from a future sale, but he also escaped the monthly carrying costs, pricing decisions, sale delays, and lingering real estate entanglement with his ex-wife.

It also probably helped that just two weeks before he walked away from the mansion, Ben sold his AI filmmaking company to Netflix for $600 million.

The New $50 Million Price

Lopez has now cut the price to $49,995,000.

That is about $18 million below the original $68 million listing price and roughly $10.9 million below the $60.85 million purchase price.

And that is before the hidden costs. If the home sells anywhere near the current ask, the real loss could be much larger after maintenance, taxes, commissions, insurance, and Los Angeles' mansion tax.

The flip side is that Lopez now reportedly owns the entire property. So even if the sale price looks like a loss compared with what she and Affleck paid together, she may personally receive all of the eventual proceeds.

Still, the headline is brutal.

• In 2023, Jennifer Lopez and Ben Affleck bought a $60.85 million trophy mansion in cash.
• In 2024, it became part of a divorce.
• In 2026, Ben reportedly signed over his stake.

And now Jennifer Lopez is trying to sell the house for just under $50 million, nearly $11 million less than what they paid and $18 million below the original asking price.