Ben Affleck, Jennifer Lopez might lose $25M on sale of mansion following high-profile divorce

Their real estate profits may be “Gone Baby Gone.”

Ben Affleck and Jennifer Lopez could lose $25 million on the sale of their Beverly Hills mansion, which is on the market for $68 million, because it’s overpriced, in a bad location and too big, said at least one real estate expert.

“That house is actually worth between $40 and $50 million,” a West Coast real estate investor told Paula Froelich of NewsNation.

Ben Affleck and Jennifer Lopez’s home is on the market for $68 million. GC Images

“It’s in a terrible location. Wallingford Estates is a gated community with no guard. Most homes in the area are from the 1970s and are worth between $5 to $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).”

The couple bought the sprawling 12-bedroom, 24-bathroom, 5-acre abode in 2023 for just over $60.8 million and put it on the market in July, before Lopez even filed for divorce.

The insider told Froelich that the house, which has been on the market for close to two months, according to its Zillow listing, isn’t aesthetically pleasing — and took a while to sell when it was new.

“The house is ugly. It was built in 2001 by a mediocre developer with just bad taste in architecture … it’s a mish-mosh of styles with a faux French roof,” the source said.

The couple bought the sprawling 12-bedroom, 24-bathroom, 5-acre abode in 2023 for just over $60.8 million. @CelebCandidly / MEGA

When it was built, it sat on the market for years and was listed at $100 million, so maybe [Affleck and Lopez] thought they got a deal for buying it at $61 million. But remember, they also put millions into renovating it to their tastes.”

The lavish residence — which boasts a 12-car garage, boxing ring and pickleball court – also comes with an astronomical tax bill.

“The property taxes alone on that house are $762,000 a year — and another $750,000 to insure it and maintain it. So, whoever buys it, they’re out at least $1.5 million per year just to keep the lights on,” the insider continued.

The celebrity couple eloped in Las Vegas in July 2022 and later filed for divorce in 2024. jlo/Instagram

The former spouses will also lose at least 10% on the proceeds from the sale of the house — which they will have to split — due to a California mansion tax and realtor fees.

“It’s just a big, flawed diamond,” the source continued.

“People with that kind of money would rather spend $10 million on a (smaller) perfect diamond, rather than dropping $5 million on a huge diamond with visible flaws.”

The Post reached out to reps for Affleck and Lopez.

Jennifer Lopez and Ben Affleck divorce just got a lot more complicated after a surprise turn of events

Lopez filed for divorce after two years of marriage

Divorce is thorny — especially when there are millions of dollars in assets at stake. That is where Ben Affleck and Jennifer Lopez find themselves now, with Lopez filing for divorce from Affleck on Aug. 20 after the celebrity power couple had been living separate lives for months.

Affleck and Lopez will finalize their divorce in Los Angeles County Superior Court, where Lopez filed without an attorney’s assistance earlier this month. However, the dissolution of Bennifer‘s marriage could be messier than initially anticipated.

A conflict of interest in the courtroom?

TMZ has revealed a unique wrinkle to the upcoming divorce proceedings between Affleck and Lopez that could change everything about the final agreement whenever it is brokered.

The presiding judge in Affleck and Lopez’s divorce is Bradley S. Phillips. That name alone might not mean anything, but Phillips has a familial connection to the unhappy couple: son-in-law Strand Conover, who is a partner at the talent agency WME. That agency represents former New York Yankees star Alex Rodriguez (Lopez’s ex-fiancee) and…Affleck himself.

This connection has led some to question whether Phillips presiding represents a conflict of interest in the divorce proceedings — and whether Lopez will get “shafted” when all is said and done. However, Phillips has no plans to recuse himself from the proceedings, with TMZ reporting that the experienced judge believes he can remain fair and impartial despite Conover‘s history with Affleck and Rodriguez — through whom he also got to know JLo.

In a sense, this is one of the realities of going through a divorce in Hollywood — everyone has a connection to everyone.