Jennifer Lopez and Ben Affleck’s $68 million Beverly Hills estate has remained unsold for over 100 days since hitting the market. Despite the lengthy listing period, real estate experts like Jason Oppenheim of The Oppenheim Group say it’s typical for ultraluxury properties to take several months, or even longer, to find a buyer.
The 38,000-square-foot mansion, which the couple purchased for $60.8 million and renovated, features 12 bedrooms, a guest penthouse, and parking for 80 vehicles. However, with monthly carrying costs estimated at $283,666, the property is proving costly to maintain.
Oppenheim projects the property could sell for $58-60 million, potentially resulting in a multimillion-dollar loss, especially when factoring in Los Angeles’ mansion tax. Despite this, listing agent Santiago Arana remains confident that the estate will sell near the asking price before year-end.
