Jennifer Lopez and Ben Affleck took their $68 million Los Angeles marital home off the market after finalizing their divorce.
The “On the Floor” songstress and the “Argo” star made the financial move after not finding a buyer for the Beverly Hills estate since putting it up for sale in June 2024.
“While they’ve been hoping to sell the property, they’ve also been hesitant to take a big loss,” an insider told People Wednesday.
Jennifer Lopez and Ben Affleck took their $68 million mansion off the market.Getty Images for LACMA
The exes made the decision after not finding a buyer for the Beverly Hills estate.@CelebCandidly / MEGA
“They lowered the price to get more interest and when this didn’t happen, they were advised to take it off the market,” the source continued.
“It was a business decision that they made together.”
The real estate insider told the outlet that “it’s a rough sellers market and especially for that price point.”
“While they’ve been hoping to sell the property, they’ve also been hesitant to take a big loss,” a source told People.Golden Globes 2024 via Getty Images
“They lowered the price to get more interest and when this didn’t happen, they were advised to take it off the market,” the insider added.Thecelebrityfinder/MEGA
“Taking it off the market until it’s more of a seller friendly climate seems like the smartest decision,” the source added.
Reps for the duo weren’t immediately available to Page Six for comment.
Lopez, 55, and Affleck, 52, tried to sell their property off-market in June 2024 before listing it publicly that July.
The pop star and the actor had dropped the 12-bedroom, 24-bathroom home’s price to $59.95 million before officially pulling it off the market.
“It was a business decision that they made together,” the source continued.Thecelebrityfinder/MEGA
The former couple initially attempted to sell the home in June 2024.Getty Images for LACMA
Lopez filed for divorce from Affleck in August 2024 after two years of marriage.
They had waited to officially pull the plug on their relationship despite having been separated since April of that year.
Their divorce was finalized in January.
They slashed the home’s price to $59.95 million but still failed to find a buyer.Getty Images
Lopez filed for divorce from Affleck in August 2024.Getty Images
Affleck, meanwhile, purchased a $20.5 million mansion in the Pacific Palisades in July 2024.
His new pad is close to his kids — Violet, 19, Seraphina, 16, and Samuel, 12 — whom he shares with his ex-wife Jennifer Garner.
For Lopez’s part, she picked out a $18 million home in Los Angeles in March.
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