JLo's Bel-Air property sells for approximately $34 Million to a mystery buyer | Hollywood - Hindustan Times
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Jennifer Lopez's Bel-Air property sells for approximately $34 Million to a mystery buyer

Oct 25, 2023 01:44 PM IST

Buyer of Jennifer Lopez's Bel-Air residence remains unidentified

Singer and actress Jennifer Lopez, alongside her husband, actor Ben Affleck, has reportedly sold her Bel-Air residence in Los Angeles for just under $34 million, as reported by the Wall Street Journal.

JLo initially purchased the property for $28 million in 2016 (File/Getty Images via AFP)
JLo initially purchased the property for $28 million in 2016 (File/Getty Images via AFP)

This news comes just months after the actress bought a house in Los Angeles with her husband.

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The 8-acre estate, complete with a private lake and a sandy beach, was originally listed for $42.5 million back in February.

Jennifer Lopez herself has not provided any comments to any outlets regarding the sale.

The buyer's representative, Lea Porter of Beverly Hills Estates, has refrained from revealing the clients' identities but noted that they are from out-of-state.

According to Porter, "My clients fell in love with the land."

Records show that JLo initially purchased the property for $28 million in 2016 from actress Sela Ward and her husband, entrepreneur Howard Sherman.

The gated estate boasts a sprawling 14,000-square-foot residence featuring nine bedrooms and a design influenced by French Country style.

Within the house, amenities include a home theater, a bar, and a wood-paneled library.

Beyond the lake, the estate encompasses a guest cottage, a pool, a putting green, and a pagoda with a fire pit. Furthermore, the grounds feature an outdoor amphitheater with seating for 100.

Jennifer Lopez and Ben Affleck, the Hollywood power couple, tied the knot in July 2022.

In May, they acquired a 5-acre estate in Wallingford Estates, a gated community situated in Los Angeles' Beverly Hills Post Office area, for approximately $61 million. Records indicate that Affleck sold his Pacific Palisades home for $28.5 million the previous year.

ALSO READ| Jennifer Lopez sheds ‘Ben’ necklace as Ben Affleck's ex Jennifer Garner controversy surfaces

Lopez, who recently starred in Netflix's ‘The Mother’ and announced her studio album "This is Me…Now," made this sale in a real estate market that has experienced a slowdown due to factors like higher interest rates, economic conditions, and the city's mansion tax.

Nonetheless, it's worth noting that a property located near the Playboy Mansion fetched $34 million earlier this month, and a spec house in the Bird Streets neighborhood is currently listed for $78 million.

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