In LA’s ultra-luxury housing market, the bigger the mansion, the bigger the markdown.

Recent sales and listings show marquee properties once priced like art pieces are being slashed by tens of millions of dollars, as noted by Mansion Global .

Jennifer Lopez and her now-estranged husband, Ben Affleck, for instance, bought a sprawling Beverly Hills estate for around $61 million in 2023. Within a year, amid their split, the couple put the property back on the market at $68 million. It didn’t move.

By this fall, the ask had been trimmed to $52 million — a $16 million haircut in barely over a year. 10

They aren’t alone.

Kanye West bought an oceanfront Malibu house designed by Japanese architect Tadao Ando and listed it for $53 million in 2024. It sold for $21 million , a nearly

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