Ben Affleck and J-Lo face blow after accepting provide on $68M mansion
Ben Affleck and estranged wife Jennifer Lopez‘s bid to sell their $68million former marital home has hit a devastating road block.
The stars, who are currently working on mediating their ‘tricky’ divorce with lawyer Laura Wasser, bought the lavish home in May 2023 for $60.8million – and had received and accepted a $64 million offer from a couple from New Jersey, per TMZ.
However, the sale of the home is under threat after the unknown buyers ‘pulled out of escrow’ following a death in their family.
When a property falls out of escrow, it means that something went wrong with the sale of the property or some other aspect of the transaction.
Once this happens, the property is no longer under contract and be relisted for sale.
The buyers were said to have fallen ‘in love’ with their 38,000-square-foot mansion, which the former couple listed on Zillow for a staggering $68 million in July.
Ben Affleck and estranged wife Jennifer Lopez ‘s bid to sell their $68million former marital home has hit a devastating road block; seen together in January
The stars, who are currently working on mediating their ‘tricky’ divorce with lawyer Laura Wasser, bought the lavish home in May 2023 for $60.8million – and had received and accepted a $64 million offer from a couple from New Jersey , per TMZ
Despite backing out of an escrow, the insider claimed that the New Jersey couple are ‘still interested in the property.’
Affleck, 52, and Lopez, 55, paid cash for the estate and ‘spent several million on renovations.’
Crucially the proposed sale of the home would mark an important division in the assets of the exes – who famously wed in 2022 without a prenuptial agreement.
Additionally, the two-time Oscar winner and superstar had to pay a 5.25 percent mansion tax and ‘hefty fee to the realtors,’ according to TMZ.
The property, known as Crestview Manor, includes a 12-bedroom, 24-bathroom main house as well as a 5,000 square foot guest penthouse, plus a two-bedroom guardhouse, a caretaker house and a 12-car garage.
Amenities include a bar, a home gym, a sports lounge, a bar, a boxing ring, basketball and pickleball courts and parking for 80 vehicles.
Earlier this month, a source revealed to People that the former couple were not on the same page when they purchased the property.
‘The $68 million mansion was Ben’s idea and a major compromise for her,’ a source told the outlet.
However, the sale of the home is under threat after the unknown buyers ‘pulled out of escrow’ following a death in their family (seen last year)
‘She agreed to it because of its spacious layout, accommodating both their families, a gym and a pickleball court, office space, plus it has two private entrances,’ the insider added, noting how the layout was ideal for accommodating Ben’s children —Violet, 18; Finn, 15; and Samuel, 12 — and JLo’s 16-year-old twins, Max and Emme.
According to the outlet’s source, the ultra-modern aesthetic of the mansion, didn’t exactly align with the style of the Jenny From The Block singer.
‘She loves the romantic, Spanish, European vibe,’ they said.
However, once they settled in, Ben wasn’t particularly excited about the place either.
The source claimed Ben found it inconvenient and time-consuming to deal with traffic from the house, as his life and children are based in Brentwood, and he never liked the location.
The Batman actor has since acquired a new bachelor pad for himself, costing $20.5 million.
As J.Lo and Ben divide up their assets, a source told People that their ongoing divorce ‘has the potential to get ugly’ since they did not sign a prenuptial agreement.
The source noted that ‘there are some sticking points over financials’ between the couple, who eloped at The Little White Chapel in Las Vegas.
In her divorce filing, Lopez, who listed their separation date as April 26, 2024, wrote that their assets were ‘unknown.’
According to California state law, only the income and assets they earned during their short-lived marriage are ‘considered community property and subject to division.’
Earlier this month, a source revealed to People that the former couple were not on the same page when they purchased the property
This includes the Beverly Hills mansion they purchased for $60.8 million last year and a number of the projects and endorsements they’ve done since tying the knot.
They are currently in mediation which is a less formal, faster alternative to a traditional divorce.
According to Wagner & Bloch’s website, ‘Divorce mediation is an alternative dispute resolution process where a third-party mediator guides a separating couple to resolve issues related to property distribution, child custody, alimony and other divorce matters.’
Amid the divorce, Jennifer also seems to be doing well as a source claimed ‘she still feels very fortunate’ despite ‘some bitterness’ surrounding the split.
‘The $68 million mansion was Ben’s idea and a major compromise for her,’ a source told People
‘She tried so hard to make things work and it didn’t matter to Ben. She’s surrounded by family, friends and her kids,’ the insider told People.
Jennifer and Ben legally separated April 26, with the actress then filing for divorce in LA County Superior Court on August 20, citing ‘irreconcilable differences.’
