In a striking move that has sent ripples through Los Angeles's luxury property market, A-list couple Ben Affleck and Jennifer Lopez have been forced to take a razor to the asking price of their palatial marital home.
The megastars have slashed a staggering $17 million (approx. £14.5M) from the original price tag, now seeking $61 million (approx. £54M) for the sprawling Bel Air estate after it failed to sell for over a year.
A Year on the Market With No Takers
The 12-bedroom, 24-bathroom compound, a symbol of their high-profile reunion, first hit the market in May 2023 for a colossal $68 million. Despite its A-list pedigree and unparalleled opulence, the property has languished without a serious offer, prompting the significant price reduction.
This decision highlights the growing challenges even the most illustrious sellers face in a shifting high-end real estate landscape, where soaring interest rates and economic uncertainty are causing buyers to hesitate.
Inside Bennifer's Lavish Estate
The property is nothing short of extraordinary. Set on over 5 acres of meticulously manicured grounds, the compound offers absolute privacy and every conceivable amenity.
- A vast 38,000 square feet of living space spread across multiple structures.
- State-of-the-art security ensuring complete discretion for its famous residents.
- A professional sports bar, a sprawling library, and a massive gym for ultimate entertainment and relaxation.
- An outdoor oasis featuring a championship baseball field, a pickleball court, and a resort-style pool with a cabana.
- A dedicated guardhouse and a separate two-bedroom apartment for staff or guests.
Purchased for $60 million shortly after their 2022 wedding, the estate was intended to be the shared dream home for the reunited couple and their blended family.
What This Means for the Luxury Market
This major price cut is being seen by industry experts as a bellwether for the premium property sector. The cooling market is compelling even the biggest names to adjust their expectations significantly.
For Affleck and Lopez, the price reduction is a pragmatic step to stimulate interest and finally close this chapter, potentially allowing them to seek a more private residence away from the public eye.
