A little more than eight months after it first popped up for sale with an impressive $42.5 million ask, a sprawling Bel Air estate owned by multi-hyphenate entertainer Jennifer Lopez has officially traded hands for the heavily slashed yet still pricey sum of $34 million. But that’s still $6 million more than she paid actress Sela Ward for the place back in spring 2016.
Property records reveal the buyers are Taiwanese businessman Walter Wang, president and CEO of JM Eagle, the world’s largest manufacturer of plastic and PVC pipe, and his wife Shirley, founder and CEO of Plastpro, a top fiberglass door manufacturer. The couple, who regularly fund various philanthropic projects through their family foundation and Los Angeles-based companies, happen to have long owned two Bel Air homes just a few doors away from their big new spread.
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When combined with their additional $2.1 million and $3.9 million estates on the same street, this purchase gives the Wangs over 9 acres of land just minutes from the Bel Air Hotel, plus three homes—for a total of 18 bedrooms, 23 baths and more than 23,000 square feet of living space between them.
Originally designed by architect Samuel Marx, and built in 1940, the Wang’s recently acquired residence was transformed during Lopez’s tenure into what the listing describes as a “one-of-a-kind multi-structure French Country refuge.”
Tucked away behind a gated driveway, on a nearly 8-acre parcel, the creamy stucco and wood-accented dwelling features nine bedrooms and 13 baths in a little more than 12,800 square feet of living space that opens throughout to expansive terraces. There also are plenty of snazzy amenities—a guest cottage, gym, 100-seat amphitheater, pagoda with fire-pit, putting green, an infinity-edge pool and spa, and a private lake with its own sandy beach, just for starters.
Other standout features include a soaring wet bar-equipped living room boasting a fireplace and curving wrought-iron staircase, along with a formal dining room, wood-paneled library, and gourmet kitchen outfitted with a stone fireplace and cozy breakfast nook. A spacious family/game room has yet another wet bar, while the lower-level holds a plush movie theater, and an upstairs master bedroom wing comes complete with a fireplace, library/sitting room, and dual dressing rooms and baths.
Lopez and her actor husband Ben Affleck—who sold his Palisades bachelor pad in October 2022 for $28.5 million—had planned to renovate and live in her Bel Air mansion after they were married a little over a year ago, per TMZ. But they went on to reside in a rental, before ultimately doling out $61 million in cash this past May for a massive compound in the Benedict Canyon neighborhood of Beverly Hills.
Between them, the pair also owns an 87-acre Georgia estate that’s currently on the market for $8.9 million, as well as a New York City penthouse, mansion in the Hamptons and petite cottage in L.A.’s Encino neighborhood.
Click here for more photos of Jennifer Lopez’s Bel Air house.
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