Jennifer Lopez and Ben Affleck Finalize Divorce—and Agree To Split $68 Million Beverly Hills Mansion That Remains On the Market

Jennifer Lopez and Ben Affleck have finalized their divorce—and reached an agreement about what they will do with their $68 million Beverly Hills, CA, mansion, which has been on the market for nearly six months.

Lopez, 55, and Affleck, 52, split in summer 2024, after just two years of marriage and just one year after they purchased their sprawling marital home for the sky-high price of $60.8 million. “Let’s Get Loud” singer J.Lo filed for divorce from the actor on Aug. 20, 2024, noting the date of their separation as April 26, 2024.

Now, according to court documents obtained by Us Weekly, the former couple have reached an agreement to divide their many assets—including their enormous property. Both Lopez and Affleck will “keep all of their personal belongings and earnings from the date of their separation as well as half their bank accounts,” the outlet reported.

As for their Los Angeles home, they will divide it equally. It remains to be seen whether that arrangement will net either of them any profits, given that it has yet to find a buyer.

Lopez will also retain her clothes, jewelry, “miscellaneous personal effects in her possession, custody or control,” and all assets that she owns “individually or by entities of which she is the sole owner, member or shareholder,” according to the agreement.

Affleck will keep control of his interests in his production company, Artists Equity, which he co-founded with close friend Matt Damon in 2022.

News of the divorce terms came just hours after Lopez was seen visiting her former spouse at his Los Angeles bachelor pad, which he purchased for $20.5 million in July. Affleck is understood to have been living in the property ever since, while his ex-wife revealed in December that she has been residing in their former marital home.

The singer shared a series of images of herself in the property on her Instagram account, including photos of herself whipping up a snack in the opulent kitchen.

It remains to be seen whether Lopez is hunting for a new abode. In September, rumors emerged that she was “in negotiations” to buy an opulent $55 million Beverly Hills estate. She has yet to confirm or deny her interest in that property.

As for when she and Affleck might expect to see a sale of their lavish property, Jason Oppenheim, celebrity real estate agent and co-founder of The Oppenheim Group, told Realtor.com® in October that it would have been “surprising” for the mansion to have sold in less than six months.

“Most homes of this magnitude are on the market for six months, and in many cases significantly longer,” he said.

A property of such high value, with its separate 5,000-square-foot guest penthouse, caretaker house, two-bedroom guardhouse, 12-car garage, and parking for 80 vehicles, has a considerably smaller pool of potential buyers, he added.

Such a grand property comes with monthly costs such as taxes, security, mortgage payments, and homeowners association fees. According to Realtor.com estimates, those total around $283,666 per month.

Unfortunately for J.Lo and Affleck, Oppenheim predicted that their home would likely not achieve the asking price, and instead might end up fetching somewhere between $58 million and $60 million.

Should this prediction come true, the former couple will take a loss on the home, particularly after they poured millions of dollars into renovating the property.

Thanks to the extensive work carried out on the home, it boasts a wealth of top-end amenities, including an enormous indoor sports complex, complete with basketball and pickleball courts, a fully equipped gym, a boxing ring, a sports lounge, and a bar.

But there’s more bad news for Affleck and Jenny from The Block. There’s an extra expense associated with the estate’s lofty location.

“The house is located in the Beverly Hills Post Office area, which is technically in the city of Los Angeles (not the independent city of Beverly Hills), so the mansion tax applies,” Oppenheim explained.

“Therefore, they will have to pay a mansion tax of more than $3 million. So they could lose more than an additional $5 million after commissions, taxes, etc.”