Jennifer Lopez and Ben Affleck, two of Hollywood's most recognizable faces, have left their mark on the luxury real estate scene once again, as their former Beverly Hills rental is now on the market for the staggering price of $85 million. This lavish estate is not just any property; it brims with celebrity history and architectural splendor, drawing attention from both fans and potential buyers.
Located deep within the exclusive enclave of Beverly Hills, this stunning residence provided Lopez and Affleck with shelter as they navigated their own home search after tying the knot. They eventually settled on another impressive property—a contemporary Georgian-style mansion—earlier this summer for $61 million. But for now, the luxurious home they temporarily called their own is ready to find new residents.
The estate, previously owned by Australian billionaire James Packer, encapsulates the epitome of opulence. Packer, son of the late media tycoon Kerry Packer, purchased the property for around $65 million back in 2018. Prior to Packer, the home was the beloved abode of Hollywood couple Danny DeVito and Rhea Perlman, who graced the premises for over two decades before selling it for $26.6 million. There’s enough celebrity pedigree here to make any potential buyer's head spin.
This magnificent compound stretches over 1.3 acres and boasts around 32,000 square feet of refined living space, all of which was substantially upgraded during Packer's ownership. The property holds the charm of its 1930 foundations, yet many modern amenities have been delicately interwoven—creating the perfect blend of old and new.
The main residence is particularly enticing, featuring numerous exquisite amenities engineered to captivate even the most discerning buyers. From gigantic walk-in closets and spacious living areas with elegant interiors to multiple fireplaces and wet bars—this estate truly has it all. For those who crave entertainment, the property includes its very own movie screening room with a sophisticated mechanized wall separating the screen from adjoining spaces!
The allure underlines not just within but also extends outdoors, showcasing sumptuous outdoor lounges, complete with serene seating areas. The extravagant pool and spa are complemented by multiple outdoor dining spaces—perfect for hosting lavish soirées. A fully-equipped outdoor kitchen adds to the charm, ensuring every summer barbecue is unforgettable.
For car enthusiasts, there's ample space too—two garages await, one capable of housing six cars, complete with three car lifts, and another for two vehicles. The estate is nothing short of remarkable.
Recent renovations focused significantly on landscaping, bringing the outdoor elements back to life, whilst aesthetics like the wine cellar, wood-paneled cigar room, and fitness room offer those little luxuries expected from such high-caliber living.
Despite reports of a shared cool-off period within the luxury real estate market, agents Santiago Arana and Jade Mills remain confident about the property’s prospects. This confidence stems from its prime location and the additional appeal of it being exempt from the new Los Angeles mansion tax, which could deter buyers from other listings.
“They’ve really invested quite significantly to improve the residence,” Arana stated, emphasizing how James Packer added personal touches to make it even more desirable. The listing, which combines features of historical significance with contemporary aesthetics, truly offers something for everyone drawn to elegance.
The market's fluctuation poses questions around luxury home sales; Arana and Mills, through their insights, still forecast favorable outcomes for properties with appealing pricing ratios. “The market is good—maybe not great, but it is good,” Mills remarked, reiteratively underlining the importance of positioning.
Meanwhile, the duo's acquisition within the elite Wallingford Estates, another opulent dwelling nearby, has also caught the public’s eye. Their new home offers approx. 38,000 square feet of living space, continuing their trend of choosing lavish spaces fit for silver screen royalty.
Lopez is also managing her real estate portfolio, as she simultaneously looks to sell her own eight-acre estate located in Bel Air, which was listed for $42.5 million earlier this year. The celebrity couple appears to be signalling growth, stability, and perhaps aspirations of continued luxury living.
For buyers interested not only in stylish living but rich Hollywood history, this former Lopez-Affleck residence beckons with its promise of glamour and comfort. The estate's undercurrents of star-studded lineage are amplified through its impressive amenities, sweeping spaces, and tranquil outdoor retreats. Not to mention, the reputation imbued within its walls from industry legends and modern-day power couples.
Real estate becomes far more than just property when interlaced with stories, emotions, and the dreams housed within its confines. This magical estate continues to captivate the imagination as it awaits its next chapter—a new family or figure itching to call the illustrious compound their own. Will they seek privacy like Lopez and Affleck or revel in the vast entertainment potential it holds? Only time will tell.
