Jennifer Lopez and Ben Affleck to Split $68M Beverly Hills Mansion After Divorce.

Jennifer Lopez and Ben Affleck have concluded their divorce and reached a settlement regarding their $68 million mansion in Beverly Hills, which has been on the market for nearly six months. Court documents obtained by PEOPLE reveal that the couple officially separated on January 6, following the judge's approval of Lopez's divorce filing from August.

The official records show that Lopez filed for divorce on August 20, 2024, stating that their separation occurred on April 26 of the same year. Following the divorce, Affleck moved into a bachelor residence in Los Angeles, which he purchased for $20.5 million in July, while Lopez remains in their previous marital home. It remains uncertain whether Lopez is currently seeking a new residence.

Reports indicate that the Grammy-nominated artist was in the process of finalizing a transaction for a $55 million property in Beverly Hills; however, she has remained discreet regarding her intentions. Court documents obtained by Us Weekly disclose that the former couple has come to a consensus regarding the distribution of their assets, which includes their luxurious residence.

According to the terms of the agreement, both Lopez and Affleck will keep all personal possessions and any income accrued since their separation, along with a fair division of their financial accounts. Lopez will retain ownership of her clothing, jewelry, and various personal items that are currently in her possession or under her control.

Lopez will maintain ownership of all assets that she possesses individually or through entities where she has sole proprietorship, membership, or shareholder status. Affleck will keep control over his stakes in Artists Equity, the production company he co-established with Matt Damon in 2022.

The former couple acquired the Beverly Hills mansion in June 2023 for $60.8 million after an extensive two-year search for a home, and it will now be divided equally between them. However, the financial viability of this arrangement is uncertain, considering the property's ongoing presence in the market. The mansion, featuring 12 bedrooms, a lavish 5,000-square-foot guest penthouse, a two-bedroom guardhouse, and a caretaker's residence, exemplifies the luxury that aligns with the grand personas of Lopez and Affleck.

The property includes parking for 80 vehicles and a garage accommodating 12 cars; however, this has not generated any significant offers since it was listed earlier last year. Celebrity real estate expert Jason Oppenheim indicated that the couple may need to adjust their expectations regarding the sale of the mansion, as completing a sale within six months would be considered "unusual."

The upkeep of such a property incurs substantial monthly expenses, including taxes, security, and other costs, amounting to approximately $283,666. Oppenheim projected a final sale price in the range of $58 million to $60 million, which could result in a considerable financial loss for the couple, particularly in light of the substantial sums they reportedly invested in renovations.

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The couple invested significantly in enhancing the mansion, transforming it into an opulent retreat complete with a sports complex that includes basketball and pickleball courts, a gym, a boxing ring, and a sports lounge featuring a bar. However, these extravagant features appeal to a limited pool of potential buyers, complicating the sale of the property.

Additionally, the estate's prestigious location in the Beverly Hills Post Office area, which is technically part of Los Angeles, subjects it to the city's mansion tax. Consequently, the couple faces a tax liability exceeding $3 million, and when considering commissions and other expenses, they may be confronted with losses exceeding $5 million.

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Despite the challenges surrounding the sale of their $68 million Beverly Hills mansion, Jennifer Lopez and Ben Affleck have reached an amicable divorce settlement. Both have retained valuable assets, with Lopez keeping her personal possessions and Affleck maintaining control over his production company.

The mansion, though facing a tough market, remains a symbol of their shared journey. As they move forward with their individual lives, their ability to amicably divide their assets and maintain a level of respect for each other's successes is a testament to their maturity and commitment to positive outcomes for themselves and their families.