(Daily Mail) 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.
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.
New digs! Beyonce, 41, and her husband Jay-Z, 53, have made a historic real estate purchase. The billionaire pair bought a lavish Malibu mansion for a whooping $200 million, making it the most expensive home ever sold in the state of California
The most expensive home: Despite paying the exuberant price the duo actually got a deal on the home, which was first listed for a hefty $295 million
Record breakers: 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
Living lavish: The deal on the 30,000-square-foot home is also the second most expensive real estate deal in the country, right after a $238 million apartment in New York City; The duo pictured in 2019
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.
Billionaires’ Row: The luxury property is located on an 8-acre bluff that overlooks the Pacific Ocean in the Paradise Cove area, also known as Billionaires’ Row
Breathtaking views: The home has plenty of space and a minimalistic high concrete wall design
Rare design: The L-shaped compound features vast concrete hallways as well as floor-to-ceiling glass panels
Pool: The mega mansion has a pristine pool perfect for the family-of-five to relax in
Unique: The mansion was designed by Japanese master architect Tadao Ando, who is also working on Kanye West’s Malibu home
Luxury property: The house was originally built and owned by William Bell, a famed art collector. Bell spent almost 15 years building the concrete structure of the house
Expanding their portfolio: The lavish property is the pair’s second large real estate purchase in the Los Angeles area
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.
