After divorcing Ben Affleck, Jennifer Lopez is in negotiations to purchase the renowned Azria Estate. The sale of Max Azria’s opulent property is currently being negotiated by her.
Highlights
• Jennifer Lopez is in negotiations to purchase the $55 million Azria Estate in Holmby Hills, Los Angeles.
• The 30,000 square foot home has an infinity pool, gardens, a guest house, and fourteen bedrooms, among other amenities.
Jennifer Lopez, who just divorced Ben Affleck, is thinking about making a big investment in her real estate holdings. The singer-actress is in talks to purchase the famed Holmby Hills home Azria Estate, which is a magnificent estate with a rich history of celebrities. But there are financial and legal obstacles to go past, so the acquisition is not as easy as it seems. Lopez is reportedly in negotiations to buy the $55 million, 30,000-square-foot Azria Estate, according to TMZ. J Lo, on the other hand, is supposedly trying to drive down the asking price considerably, hoping to close a transaction for between $30 and $39 million.
Situated on three acres of excellent Los Angeles real estate, this opulent mansion was once owned by the late Max Azria, a fashion magnate and founder of the BCBG brand. It boasts fourteen bedrooms. It has a game room, an in-home theatre, a guest house, a greenhouse, expansive grounds, and an infinity pool with a sauna. Even with the estate’s opulent amenities, it might not be easy to secure.
Even though Lopez seems to be nearing an agreement, things are made more difficult by the existing ownership arrangement. When the estate went up for auction earlier this year, $30 million was the winning price made by billionaire investor Ron Burkle. Burkle and Max Azria’s widow, Lubov Azria, are presently engaged in a legal dispute, though, regarding an alleged breach of the terms of the transaction. There are several obstacles in the way of Lopez’s possible purchase because of the current legal issue, which dates back to May. J Lo has reportedly taken multiple tours of the estate in recent weeks after rekindling her interest in it in August. To resolve the matter and complete the sale, she is currently negotiating with Lubov Azria and Burkle.
Jennifer Lopez may be motivated to buy the property since she has some personal ties to the Azria Estate. In addition to being the setting for her movie Atlas, Lopez visited the property in March of this year while on a house hunt with Affleck. Lopez is clearly drawn to the lavish residence, even though the pair has since split up. In addition, the home is situated in a highly desirable area and shares a boundary with Sean “Diddy” Combs’s mansion, which was put up for sale recently for $61 million. Designer Tom Ford, software entrepreneur Sean Parker, and music executive Jimmy Iovine are among the other well-known neighbours.
