What's happened
Ben Affleck's former estate in the Palisades Riviera is back on the market at $49.99 million after his brief marriage to Jennifer Lopez ended in 2025. The property, once loved by Affleck more than JLo, features extensive luxury amenities and city-to-ocean views. Meanwhile, Gal Gadot lists her Malibu condo for $8.75 million, reflecting a trend of high-profile real estate moves. Arizona's rising appeal for wealthy buyers is also noted, with prices reaching new heights.
What's behind the headline?
The real estate market for high-net-worth individuals is shifting significantly. Affleck's estate's price drop from $64 million to $49.99 million indicates a cooling in ultra-luxury property valuations, possibly influenced by changing market dynamics or the end of high-profile relationships. The listing of Gadot's Malibu condo at $8.75 million underscores the continued demand for celebrity-owned beachside properties, especially those with modern renovations and ocean views. Arizona's rising appeal, driven by its affordability relative to California and the influx of wealthy buyers, signals a strategic diversification of luxury markets. This trend will likely accelerate as more affluent individuals seek exclusive, spacious properties outside traditional markets, with Arizona positioned as a new frontier for luxury real estate investment.
What the papers say
Jennifer Gould of the NY Post provides detailed insights into Affleck's estate, highlighting its features and history, including its previous consideration by the couple and its recent relisting. Her reporting emphasizes the property's luxury amenities and its significance in celebrity real estate trends. The same author reports on Gal Gadot's Malibu listing, illustrating the ongoing demand for celebrity beach homes and the design elements that appeal to high-profile buyers. Business Insider UK adds context by noting Arizona's rising status among wealthy buyers, citing the influx of millionaires and the appeal of Paradise Valley near Scottsdale. This broader market trend underscores the shifting landscape of luxury real estate, with Arizona emerging as a key player.
How we got here
Affleck and JLo considered multiple properties during their relationship, with this estate being one of their favorites before their divorce in 2025. The property was purchased by Gregory Milken in 2009 and has since been relisted at a lower price. Separately, Gal Gadot and her husband Yaron Varsano recently listed their renovated Malibu condo, highlighting their ongoing real estate investments. The broader trend shows a shift of wealthy buyers toward Arizona, which is gaining popularity as a new luxury hub, especially in Paradise Valley near Scottsdale.
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Common question
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Why Are Celebrities Buying and Selling Homes Now?
Celebrity real estate moves often grab headlines, but what's driving these high-profile transactions today? From luxury estate sales to new property investments, stars like Ben Affleck and Gal Gadot are making headlines with their property choices. Understanding these moves can reveal broader trends in the luxury market, including where wealthy buyers are focusing their attention. Curious about how celebrity activity impacts property prices or where the hottest markets are right now? Keep reading to find out.
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