By Pop star and actress Jennifer Lopez is reportedly in negotiations to purchase the Azria Estate, a renowned piece of Los Angeles real estate located in the exclusive Holmby Hills neighborhood, according to sources close to the matter.
The 30,000-square-foot mansion, formerly owned by late BCBG fashion mogul Max Azria, is currently listed at $55 million. However, sources indicate that Lopez is attempting to negotiate the price down to between $30 million and $39 million.
The luxurious estate boasts 14 bedrooms and sits on a sprawling 3-acre lot. It features extensive amenities including gardens, a greenhouse, a guest house, an infinity pool with a sauna, an in-home theater, and a game room.
The potential purchase is complicated by an ongoing legal dispute. Earlier this year, the estate was put up for auction, with billionaire investor Ron Burkle placing the winning bid at $30 million. Burkle is now reportedly embroiled in a lawsuit with Max Azria’s widow, Lubov Azria, over an alleged breach of contract.
Sources say Lopez began showing renewed interest in the property in August, having previously toured it in March 2023 with then-partner Ben Affleck. In recent weeks, she has reportedly taken several tours of the estate.
The singer and actress is said to be negotiating with both Burkle and Lubov Azria in an attempt to reach a deal. Lopez has prior connections to the property, which served as a filming location for her movie “Atlas.”
The Azria Estate is situated in a star-studded neighborhood, sharing a property line with music mogul Diddy’s recently listed $61 million home. Other notable neighbors include fashion designer Tom Ford, tech entrepreneur Sean Parker, and music producer Jimmy Iovine.
Representatives for The Beverly Hills Estates’ Branden and Rayni Williams, who hold the listing, have not yet responded to requests for comment.
This potential real estate move comes in the wake of Lopez’s recent separation from actor Ben Affleck, suggesting the singer may be seeking a fresh start in a new home. The ongoing negotiations and legal complexities surrounding the Azria Estate underscore the intricate nature of high-end real estate transactions in Los Angeles, particularly those involving celebrity buyers and historically significant properties.
As the situation develops, it remains to be seen whether Lopez will successfully acquire the Azria Estate, adding another chapter to the property’s storied history in the entertainment and fashion worlds.
TMZ
