Jennifer Lopez Reportedly Negotiating To Buy $55M Azria Estate In L.A. Amid Ben Affleck Divorce
Singer and actress Jennifer Lopez is preparing to secure a new L.A. home following her recent split from Ben Affleck.
Jennifer Lopez is preparing to secure a new L.A. home following her recent split from Ben Affleck.
Reports say the luxurious $55 million Azria Estate, nestled in the heart of L.A., has caught the attention of the superstar singer-actress, who is rumored to be exploring its purchase and could finalize a deal soon.
Months before Jennifer Lopez filed to divorce Ben Affleck, the estranged couple placed their marital home on the market for $68 million but have yet to secure a buyer.
Jennifer Lopez Is Negotiating To Buy The Azria Estate
The "Jenny From The Block" singer is seemingly embracing a fresh start in more ways than one following her decision to divorce Affleck last month.
According to TMZ, sources claim Lopez has set her sights on a lavish new abode and is looking to buy the famed Azria Estate in the luxe Los Angeles neighborhood of Holmby Hills.
A source said she is "close to striking a deal" on purchasing the 30,000 sq. foot estate, which has a listing price of $55 million, but that she's offering between $30 million and $39 million for the property.
Lopez's interest in the property seems very high, as the insider said she had toured the grounds several times over the past few weeks.
All About The Famous Azria Estate
The sprawling Azria Estate, a crown jewel of Los Angeles' ultra-exclusive real estate scene, is named after its late owner, fashion designer Max Azria.
The 14-bedroom home boasts luxurious amenities, including a home theater, manicured gardens, a gym, a wine cellar, a greenhouse, a gaming room, a guest home, a tennis court, an expansive motor court, and an infinity pool with an adjacent sauna.
It also has a life-size chess board in its backyard and offers breathtaking views of the greater Los Angeles area.
The expansive property was designed by late architecture icon Paul Williams in the 1930s and is close to homes of music mogul Jimmy Iovine, businessman Sean Parker, designer Tom Ford, and rapper Sean "Diddy" Combs, which he recently placed on the market for $61 million.
A Potential Complication Could Stall The House Deal
According to the news outlet, Lopez could have a small issue to resolve as she looks to buy the Azria estate. The property was put up for auction earlier this year, and billionaire Ron Burkle entered a $30 million winning bid on it.
Burkle is reportedly locked in a legal battle with the late Max Azria's widow, Lubov Azria, over an alleged breach of contract.
The "Atlas" actress is said to have been negotiating with both Burke and Lubov to strike a deal, with the listing held by Branden and Rayni Williams of The Beverly Hills Estates.
Lopez already has a connection to the property as it served as a filming location for her "Atlas" movie, and she and Affleck also inspected it at some point when they were looking to buy a home.
Jennifer Lopez Made A Huge Compromise For Her Marital Home With Ben Affleck
The "Let's Get Loud" singer reportedly made a major compromise during her marriage to Affleck by agreeing to buy their huge marital home for $60 million.
A source told People Magazine that Lopez was never a big fan of making the splurge for the Beverly Hills mansion and that it was all Affleck's idea.
"The $68 million mansion was Ben's idea and a major compromise for her," the source said of the estranged couple's marital home. "She agreed to it because of its spacious layout, accommodating both their families, a gym and a pickleball court, office space, plus it has two private entrances."
Lopez and Affleck were understood to be looking to grow their blended family in the 12-bedroom and 24-bathroom mansion which sits on a 38,000 sq. ft. footprint. Affleck has three children, Violet, Fin, and Samuel, whom he shares with Garner, while Lopez shares twins Max and Emme with ex-husband Marc Anthony.
"She loves the romantic, Spanish, European vibe," the source noted about Lopez's preferred taste in a home.
The Former Couple's Home Is Still On The Market
According to a West Coast real estate investor speaking with Paula Froelich of NewsNation, Affleck and Lopez may face a significant financial loss on their Beverly Hills mansion, currently listed for $68 million, as it's considered overpriced and poorly located.
"That house is actually worth between $40 and $50 million," Froelich said, per the New York Post.
The investor criticized the 12-bedroom, 24-bathroom mansion: "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."
They added, "It's garish, too big, and dated with amenities that are just silly and not necessary (like an indoor sports complex)."
