The sprawling property, which spans more than 38,000 square metres on a 5.2-acre promontory in the high-end enclave of Beverly Crest, has seen its price drop by $16 million from its initial July 2024 asking price of $68 million (AUD 102.6 million).
The former couple purchased the mansion in May 2023 for nearly $61 million (AUD 92 million), about a year into their marriage, before their subsequent divorce.
According to Mansion Global, the purchase was made through a trust connected to Affleck’s longtime business manager, Gary Kress.
After being temporarily removed from the market in July, the property has now been relisted with its new reduced price.
This follows an earlier price cut in May, when the asking price was reduced from $68 million to $59.95 million (AUD 90.4 million).
The mansion, built in 2000, has reportedly undergone renovations “within the last four months,” according to the listing with Santiago Arana of the Agency.
The main residence features 12 bedrooms and 24 bathrooms, with an additional 8,000 square metres of space not under air conditioning.
The property’s extensive grounds include a zero-edge pool with a hot tub and sun shelf.
Beyond the main house, the estate offers several additional structures, including a separate 5,000-square-metre “guest penthouse,” a caretaker house, and a two-bedroom guard house.
The double-gated property includes a 12-car garage plus parking for up to 80 vehicles.
The mansion boasts impressive amenities designed for both entertainment and wellness.
An indoor sports complex features basketball and pickleball courts, a fully-equipped gym, a boxing ring, and a sports lounge complete with a bar.
For entertainment purposes, the property includes a theatre, adding to its luxury appeal despite the significant price reductions it has experienced since first hitting the market.
The Beverly Hills location places the property in one of Los Angeles’ most prestigious neighbourhoods, though even this prime positioning hasn’t protected it from the price adjustments that have occurred over the past year.
This listing represents one of several high-profile celebrity real estate moves in recent months, as the luxury market continues to adjust to changing economic conditions and buyer preferences.
