Jennifer Lopez is reportedly on the verge of selling her sprawling Beverly Hills mansion after nearly two years on the market, bringing an end to one of Hollywood’s most closely watched real estate listings.
The luxury estate has entered escrow, meaning a buyer has been found and the sale is moving towards completion.
Although the purchaser’s identity has not been revealed, reports say the buyer is a prominent figure in the technology and finance industries.
The pending sale comes after Lopez repeatedly lowered the asking price amid a sluggish luxury property market.
The mansion was initially listed for US$68 million, but the asking price was later reduced to US$50 million. The final sale price has not yet been disclosed.
Lopez and her former husband, actor Ben Affleck, bought the estate in 2023 for about US$60.9 million before investing additional money in renovations and upgrades.
Following the couple’s divorce, which was finalised in early 2025, ownership of the property was transferred solely to Lopez.
Despite securing a buyer, the sale is not expected to generate a significant financial return.
In addition to accepting a lower price than originally sought, Lopez is expected to pay millions of dollars in costs, including real estate commissions and Los Angeles’ luxury property transfer tax, commonly known as the mansion tax.
Because the estate falls within Los Angeles city limits, it is subject to the tax. Reports suggest she would have avoided much of that expense had the property been located just beyond the city boundary in Beverly Hills.
She is also expected to pay estate agents’ commissions that could total around US$2.5 million.
One financial obligation already settled is the property’s annual tax bill, with public records indicating that approximately US$378,000 in property taxes has been paid.
The mansion spans approximately 46,000 square feet across more than five acres and includes 12 bedrooms and 14 bathrooms.
Among its standout features are a private cinema with seating for around 100 guests, a recording studio, a dance rehearsal room, a professional glam suite, extensive wardrobe storage, an indoor sports complex with basketball, pickleball and boxing facilities, and an infinity-edge swimming pool overlooking the surrounding landscape.
Reports also claim that Affleck recently transferred his ownership interest in the mansion to Lopez, making her the sole owner before the property entered escrow.
The sale represents another step forward for Lopez following the end of her marriage.
Speaking recently on Kareem Rahma’s Subway Takes podcast, the singer said she no longer views the end of relationships as failures.
“Breakups are not a failure. I honestly feel like it’s a launchpad into your next best self,” Lopez said.
She even joked that former couples should celebrate the end of a relationship with a party.
However, she added that repeatedly hurting people was a different matter.
“If you go around your life and you’re breaking hearts, let’s say, you’re the loser.”
As the sale nears completion, Lopez appears to be closing another chapter in both her personal life and her real estate portfolio.
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