Beyonce and Jay-Z have made a historic real estate purchase and shattered previous California home price records in the process.
The Crazy in Love singer, 41, and the hip hop mogul, 53, bought a lavish Malibu mega-mansion for a whooping $200 million, making it the most expensive home ever sold in the state of California, as per TMZ.
The power couple — who also own a mansion in the swanky Bel Air neighborhood — took the record from their new neighbor, venture capitalist Marc Andreessen, who bought his home next door for a staggering $177 million in 2021.
The purchase of the 30,000-square-foot concrete compound is also the second most expensive real estate deal in the country, right after a $238 million apartment in Central Park South in New York City, bought by hedge fund giant Ken Griffin in 2019.
Once Beyonce finishes her Renaissance World Tour, she will be able to return to her new luxury home, located on an 8-acre bluff that overlooks the Pacific Ocean in the Paradise Cove area, also aptly nicknamed Billionaires’ Row.
Despite paying the exuberant price, the duo — who share three children: daughter Blue, 11, and five-year-old twins Rumi and Sir— actually got a deal on the home, which was first listed for a hefty $295 million.
The L-shaped compound features vast concrete hallways as well as floor-to-ceiling glass panels as shown in photo taken by Morley Construction.
The expansive backyard boasts a pool and ends with a cliff that overlooks the beach.
The home, built with high concrete walls and offering plenty of space, was designed by Japanese master architect Tadao Ando, who is also working on Kanye West’s Malibu home.
Ando is a Pritzker Prize winner known for his unique concrete structures in Asia, Europe and North America.
The minimalist modern house was originally built and owned by William Bell, a famed art collector, who bought the property for $14.5 million in 2003, according to the Los Angeles Times.
Bell spent almost 15 years building the concrete structure of the house.
The home also features Bell’s vast private art collection, as per the New York Post.
The ocean-front home never even hit the market and was only shown to a select group of buyers according to the publication.
Kurt Rappaport of Westside Estate Agency reportedly handled the record-shattering deal for Beyonce and Jay.
Since marrying in 2008, the couple have invested in a number of different real estate purchases.
In the following years they have owned and sold homes in New York City, New Orleans, the Hamptons, Miami Beach and Los Angeles according to Architectural Digest.
The house is the pair’s second large real estate purchase in the Los Angeles area. They previously bought a similar-looking mansion for a staggering $88 million in Bel-Air.
The home is now reportedly worth close to about $100 due to changes the couple have invested in making.
Their off-market purchase was the highest sale of 2017 in Los Angeles County, beating out music mogul David Geffen’s $85 million deal for his Carbon Beach compound.
Developed by Dean McKillen, the modern mansion sits on two acres of land high up in the hills with six different structures on the property.
The over-the-top gated property features four outdoor swimming pools, a spa and wellness center.
Glass-walled common areas offer expansive panoramic views of Los Angeles. The pocketing glass doors and windows are bulletproof.
Amenities also include a media room, multiple outdoor entertaining areas, a full-sized basketball court and staff quarters.
The luxurious compound is complete with a 15-car garage.
After purchasing their first home in LA, the pair then bought a sprawling seven-bedroom, seven-and-a-half-bathroom mansion in East Hampton the next month.
The home is 12,000-square-feet and was designed by famed architect Stanford White.
According to TMZ, the musical duo bought the Pond House estate for $26million after originally being put on the market in 2009 for $39.5million.
The property was the second most expensive to be sold this summer in the Hamptons, with the first being Hillary and Bill Clinton’s estate, which went for just a few million more at $29million.
The home is a Jeffery Collé design. All the stone floors have radiant heat. The home is fully pre-wired for home automation including lighting systems, multi-line phone systems, audiovisual and security.
The main home has seven bedrooms and nine bathrooms, some of which are outfitted with hand-carved heated marble tubs.
The guest house is a 1,800 square foot cottage with two full bedrooms, a living room, kitchen and bath.
In 2015 the pair bought a 1920s Spanish Baroque style 13,300-square-foot historic home — a former church, then turned ballet school, and eventually transformed into a residence — in New Orleans in the Garden District.
In 2008 they also bought a property in Miami on Indian Creek Island, with famous neighbors including Julio Iglesias, Adriana Lima, and billionaire Carl Icahn.
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