Jennifer Lopez is no longer a Bel-Air homeowner – that we know of! The singer-actress recently sold her property for nearly $34 million, per The Wall Street Journal.
She’s reportedly walking away with about $6 million in profit after purchasing the mansion for $28 million in 2016.
The identity of the new owners remains undisclosed, but WSJ spoke to their rep, Lea Porter of Beverly Hills Estates. Porter revealed that the new owners are from out-of-state but “fell in love with the land.”
An Outside & Inside Look At Jennifer Lopez’s Former Home
And land is something the property definitely isn’t lacking. Besides the 14,000 square-foot home on it, the 8-acre land also features a private lake and sandy beach.
Fit for an entertainer, Jennifer previously enjoyed multiple spaces to unwind. Inside the home, the list includes a home theater, multiple fireplaces, a gym, and a library. On the outside, Jenny was far from the block with spaces like an infinity-edge pool, putting green, and an outdoor amphitheater with 100 seats. Guests also have the luxury of a separate cottage.
The new owners walked away with an estimated $8 million-dollar discount. When Jennifer first listed the Bel-Air property, the asking price was $42.5 million.
It’s unclear why Lopez dropped the price tag, but WSJ reports that the Los Angeles luxury home market has slowed as of 2022, citing “the economy and city’s mansion tax.”
As for where Jennifer is now kicking it, reports say she and her husband, Ben Affleck, are now living in Beverly Hills after purchasing an almost $61 million property earlier this year.
And the upgrade is REAL. Their new double-gated home reportedly has 12 bedrooms, 24 bathrooms, a hair and nail salon inside a spa, wine and whiskey rooms, and a 5,000-square-foot sports facility with a boxing ring and sports lounge inside.
