When Hollywood power couple Jennifer Lopez and Ben Affleck purchased their sprawling $68 million estate in Beverly Hills last May, they envisioned turning the 38,000-square-foot mansion into their dream home.
But less than a year later, the former lovebirds find themselves in a messy divorce – and stuck with the high costs of maintaining the property until a buyer comes along.
According to data issued by Realtor.com last week, Lopez, 55, and Affleck, 52, are on the hook for a jaw-dropping $283,666 per month to keep the luxurious home running. Broken down, the fees include:
– Mortgage Payment: The couple took out a $20 million mortgage. Depending on the interest rate, their monthly mortgage payment could reach up to $200,000.
– Property Taxes: At California’s property tax rate of 0.75%, the annual bill is $476,000, or about $39,666 per month.
– Security and Maintenance: Privacy and security for the two stars cost roughly $340,000 a year, which is $28,333 per month.
– Homeowner Association (HOA) Fee: Just $667 per month.
– Electricity: Powering the estate, including heating, cooling, and other high-end features, could cost between $3,000 and $10,000 per month, Realtor said.
– Water: With 24 bathrooms, a heated pool, spa, and five acres of landscaping, water usage could run from $500 to $2,000 per month.
In May of last year, the superstar couple purchased the estate for $60.8 million. According to the Realtor report, they poured millions more into a renovation, transforming the already huge home into a 12-bedroom, 24-bathroom compound with a separate 5,000-square-foot guest penthouse, caregiver house, 12-car garage, and more.
Their romance unraveled just 12 months later. In July, they listed the property for sale at $68 million – but some industry insiders are questioning whether the asking price is too high.
“That house is actually worth between $40 and $50 million,” an anonymous source told NewsNation. “It’s in a terrible location.”
The source continued, “most homes in the area are from the 1970s and are worth between $5-10 million. This is just a huge white elephant. It’s garish, too big and dated with amenities that are just silly and not necessary (like an indoor sports complex).”
However, the property’s listing agent, Santiago Arana of The Agency, defended the $68 million asking price to FOX News, describing the home as “spectacular” and “priced really well.”
According to FOX News, the real estate agent expects the 5-acre property to sell near its current asking price before the end of the year, noting that it has attracted many serious buyers since it was listed.
He described the home as “unique,” with amenities and features that set it apart from other luxury properties. The home has an indoor sports complex with basketball and pickleball courts, a boxing ring, and additional recreational features.
News
Liam Hemsworth had never watched The Witcher show or read the books before Netflix cast him as Geralt, but he loved The Witcher 3 game
“When I’m not surfing I’m playing Xbox.” Liam Hemsworth may not have watched The Witcher show or read the original book series before being cast by Netflix as Geralt of Rivia, but he was a big fan of The Witcher…
The Rings of Power episode 5 finally does something with its Rings of Power
How did Sauron get there? Prime Video is glad you asked For a story built on temptation, The Lord of the Rings is largely defined by its clear-cut morality. The same can’t be said of The Rings of Power, which has leaned into the…
The Orc family in The Rings of Power offers a controversial perspective on LOTR lore
Season 2, Episode 3 of Prime Video’s The Lord of the Rings: The Rings of Power included what seemed to be a baby Orc. J. R. R. Tolkien did not explore Orc childhood or the dynamics between Orc families. The Rings of…
10 characters Tolkien never intended to appear in The Lord of the Rings: The Rings of Power
With The Hobbit and The Lord of the Rings, J.R.R. Tolkien’s historic tales ushered a new genre into the world. Fantasy sparked in countless imaginations, birthing new myths of dragons, knights and heroes. Magic rings, hobbits, dwarves, and elves became a foundation for…
Wait… Are there other planets in The Lord of the Rings?
With J.R.R. Tolkien‘s high-fantasy world of Middle-earth being so far removed from our own, it’s easy to get so caught up in what’s on the map itself that we rarely even think about what’s not on it. We know from The Lord…
The dark wizard identity in The Rings of Power sets up Gandalf to become the “White Gandalf”
The Rings of Power’s showrunners hinted at the Dark Wizard’s true identity in an interview, and the idea would heighten Gandalf’s virtues. Amazon Prime Video’s The Rings of Power introduced the Dark Wizard in season 2 as a mysterious antagonist who seems to…
End of content
No more pages to load