Jennifer Lopez Reportedly Negotiating To Buy $55M Azria Estate

Studies say the luxurious $55 million Azria Property, nestled within the coronary heart of L.A., has caught the eye of the celebrity singer-actress, who’s rumored to be exploring its buy and will finalize a deal quickly.

Months earlier than Jennifer Lopez filed to divorce Ben Affleck, the estranged couple positioned their marital residence in the marketplace for $68 million however have but to safe a purchaser.

The “Jenny From The Block” singer is seemingly embracing a recent begin in additional methods than one following her choice to divorce Affleck final month.

In response to TMZ, sources declare Lopez has set her sights on a lavish new abode and is seeking to purchase the famed Azria Property within the luxe Los Angeles neighborhood of Holmby Hills.

A supply mentioned she is “near putting a deal” on buying the 30,000 sq. foot property, which has an inventory value of $55 million, however that she’s providing between $30 million and $39 million for the property.

Lopez’s curiosity within the property appears very excessive, because the insider mentioned she had toured the grounds a number of occasions over the previous few weeks.

The sprawling Azria Property, a crown jewel of Los Angeles’ ultra-exclusive actual property scene, is known as after its late proprietor, dressmaker Max Azria.

The 14-bedroom residence boasts luxurious facilities, together with a house theater, manicured gardens, a fitness center, a wine cellar, a greenhouse, a gaming room, a visitor residence, a tennis courtroom, an expansive motor courtroom, and an infinity pool with an adjoining sauna.

It additionally has a life-size chess board in its yard and affords breathtaking views of the better Los Angeles space.

The expansive property was designed by late structure icon Paul Williams within the Nineteen Thirties and is near houses of music mogul Jimmy Iovine, businessman Sean Parker, designer Tom Ford, and rapper Sean “Diddy” Combs, which he just lately positioned in the marketplace for $61 million.

In response to the information outlet, Lopez may have a small difficulty to resolve as she seems to be to purchase the Azria property. The property was put up for public sale earlier this yr, and billionaire Ron Burkle entered a $30 million profitable bid on it.

Burkle is reportedly locked in a authorized battle with the late Max Azria’s widow, Lubov Azria, over an alleged breach of contract.

The “Atlas” actress is alleged to have been negotiating with each Burke and Lubov to strike a deal, with the itemizing held by Branden and Rayni Williams of The Beverly Hills Estates.

Lopez already has a connection to the property because it served as a filming location for her “Atlas” film, and she or he and Affleck additionally inspected it sooner or later once they had been seeking to purchase a house.

The “Let’s Get Loud” singer reportedly made a significant compromise throughout her marriage to Affleck by agreeing to purchase their large marital residence for $60 million.

A supply advised Folks Journal that Lopez was by no means a giant fan of constructing the splurge for the Beverly Hills mansion and that it was all Affleck’s concept.

“The $68 million mansion was Ben’s concept and a significant compromise for her,” the supply mentioned of the estranged couple’s marital residence. “She agreed to it due to its spacious format, accommodating each their households, a fitness center and a pickleball courtroom, workplace area, plus it has two personal entrances.”

Lopez and Affleck had been understood to be seeking to develop their blended household within the 12-bedroom and 24-bathroom mansion which sits on a 38,000 sq. ft. footprint. Affleck has three kids, Violet, Fin, and Samuel, whom he shares with Garner, whereas Lopez shares twins Max and Emme with ex-husband Marc Anthony.

“She loves the romantic, Spanish, European vibe,” the supply famous about Lopez’s most popular style in a house.

In response to a West Coast actual property investor talking with Paula Froelich of NewsNation, Affleck and Lopez could face a major monetary loss on their Beverly Hills mansion, at present listed for $68 million, because it’s thought-about overpriced and poorly situated.

“That home is definitely value between $40 and $50 million,” Froelich mentioned, per the New York Post.

The investor criticized the 12-bedroom, 24-bathroom mansion: “It is in a horrible location. Wallingford Estates is a gated group with no guard. Most houses within the space are from the Seventies and are value between $5 to $10 million. That is simply an enormous white elephant.”

They added, “It is garish, too huge, and dated with facilities which might be simply foolish and never needed (like an indoor sports activities complicated).”