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Jennifer Lopez and Ben Affleck have once again slashed the asking price for their sprawling Bel Air, California mansion, now reducing it by a staggering $8 million. The celebrity couple, who initially listed the luxurious estate for $68 million, have lowered the price to attract potential buyers, according to TMZ.
The couple purchased the opulent property in May 2023 for a hefty $60.85 million, and while the new price is still above their initial purchase cost, the significant reduction suggests they are eager to finalize a sale. Sources close to the couple have revealed that Affleck has been urging Lopez to lower the price, emphasizing the importance of selling the property.
The mansion, which has been on the market since July 2024, is a true showcase of luxury. Spanning over an expansive area, the estate boasts multiple bedrooms and bathrooms, a state-of-the-art home theatre, a gym, a spa, and a stunning pool area with panoramic views of the Bel Air landscape. It perfectly blends classic elegance with modern comforts, making it a dream residence for any high-profile buyer.
Real estate experts believe that the decision to cut the price is a strategic move in a competitive luxury market. With interest rates fluctuating and the market seeing a shift in buyer preferences, even high-end properties have faced challenges in securing quick sales.
Ben Affleck and Jennifer Lopez, often referred to as "Bennifer" by their fans, are no strangers to making headlines, both for their romantic relationship and their impressive real estate portfolio. This Bel Air mansion was initially a symbol of their fresh start after rekindling their romance, but it now appears to be a chapter they are ready to close.
While neither Lopez nor Affleck has publicly commented on the price cut, industry insiders suggest that the decision reflects their desire for a quick sale rather than a prolonged listing. Potential buyers now have the opportunity to acquire a celebrity-owned estate at a notably reduced price.
Only time will tell if this latest price cut will draw the right buyer and allow Bennifer to move on from their Bel Air investment.
