Over the last week, reunited lovers Ben Affleck and Jennifer Lopez have been spotted all over Los Angeles touring the city’s most-fabulous real estate listings. The pair was followed by TMZ photographers on Tuesday as they visited two especially stunning houses. The first was the old home of Bob Hope in the San Fernando Valley’s Toluca Lake area. That house, which is currently owned by grocery billionaire Ron Burkle (who also owns Neverland Ranch), sits on five acres and has a private 1-hole golf course. It is being offered for $40 million.
After leaving the valley, they immediately made their way to Beverly Hills, where they visited a recently constructed, incredibly beautiful mountain mansion. It’s asking price?
So, for $85 million, what do you get?
First of all, you’re looking at 5.2 acres of newly built space totaling 38,000 square feet. The house is 46,000 square feet, including the outside spaces. An indoor sports complex including a boxing ring, basketball court, pickleball court, and full gym is a feature of the property.
A 10 vehicle garage, but according to the MLS listing, “parking for 80” Do you mean parking for 80 cars or 80 people, I’m not sure. In either case, if guests choose to drive themselves to your pool party, you can fit a lot of automobiles.
Speaking of the pool, the residence has Beverly Hills’ biggest “zero edge” pool.
The house has been up for sale for more than 130 days. The builders bought land and the former home in November 2016 for $22 million. The average price per square foot to construct a mansion of this class is $500. Construction costs for 46,000 square feet are therefore $23 million.
The owners spend roughly $500k before taxes only on property taxes each year. If they used a mortgage for the $22 million, they’ve probably burned another couple hundred grand in carrying costs.
I would estimate that the total cost of construction, transportation, and maintenance for this monstrosity is $50 million. Because of this, they really, really, really want someone to pay $85 million to purchase it. However, I guarantee they’d take $70 million after 130 days on the market in one of the most active real estate markets ever.
And with a combined net worth of $550 million, I think Jennifer Lopez and Ben Affleck could swing it. Just so you know, Ben Affleck has a net worth of $150 million compared to J-$400 Lo’s million.
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