Jennifer Lopez Reveals Details of $68 Million Bel Air Mansion Still on Market Amid Separation
Jennifer Lopez recently revealed that she is still living in her $68 million Bel Air mansion, which was formerly shared with ex-husband Ben Affleck, despite it being on the market for seven months. The couple purchased the estate in 2023 and listed it for sale in July. Meanwhile, Lopez has been searching for a new home since their separation in April, citing irreconcilable differences. Affleck has already moved into a new residence.
Jennifer Lopez recently gave insight into her ongoing situation with Ben Affleck following their split, inadvertently disclosing details through a recent Instagram post. Posing in a chic Dior outfit outside her former shared home, Lopez's current life circumstances raising eyebrows among fans.
Lopez Still Resides in the Former Couple’s Mansion
In a recent Instagram photo, Jennifer Lopez showcased her stylish black-and-white Dior outfit while standing at the entrance of her luxurious Bel Air mansion, which boasts a price tag of $68 million. Although the estate has been on the market for seven months, Lopez continues to live in the property, a decision that diverges from the typical pattern seen following a breakup. The mansion remains officially listed for sale, but its continued listing raises questions among observers about potential reasons for the prolonged stay.
Details of the Mansion and Previous Ownership
According to reports, Lopez and Affleck purchased the massive estate in 2023 for $60 million, significantly upgrading its features since then. The residence, known as Crestview Manor, spans an impressive 38,000 square feet, including 12 bedrooms and 24 bathrooms. The property also features additional structures, such as a 5,000-square-foot guest penthouse and a separate guardhouse, giving it an air of exclusivity and grandeur.
Real Estate Market Challenges
Real estate experts note that the mansion has seen interest, with several showings reported, though no offers have materialized. Factors contributing to this slow movement may include a lack of buyers in the luxury market and the high mortgage rates currently dominating the market. With a 30-year fixed mortgage rate hovering around 7.12 percent, many potential buyers might be deterred from making multi-million dollar investments. An anticipated decrease in interest rates could, however, catalyze market activity in the near future.
Divorce Filing and Future Plans
Lopez filed for divorce from Affleck on August 20, marking two years since their wedding. She indicated that their separation date was April 26, attributing the split to irreconcilable differences. Since the filing, she has been searching for new properties but has yet to finalize a new residence. Notably, Lopez also completed the sale of her condo in New York City on the same day as her divorce filing. Meanwhile, Affleck has already transitioned to a new home, acquiring a $20 million property in July.
