BeIn a record-breaking deal, music royalty Beyonce and Jay-Z have snapped up a palatial Malibu mega-mansion for an astounding $200 million, establishing a brand new high-water mark for California house costs, as reported by TMZ.
Already homeowners of a gorgeous mansion in Bel Air’s unique enclave, the ‘Loopy in Love’ songstress, 41, and her rapper husband, 53, have eclipsed the earlier report held by their new neighbor, enterprise capitalist Marc Andreessen.
Marc set the previous bar along with his $177 million buy in 2021. This dazzling acquisition by the powerhouse duo, a 30,000-square-foot architectural masterpiece, can be the nation’s second priciest, following a $238 million Central Park South house bought by hedge fund tycoon Ken Griffin in 2019.
Their new sprawling residence, situated on an 8-acre bluff overlooking the Pacific Ocean within the Paradise Cove space – fittingly nicknamed Billionaires’ Row – would be the retreat Beyonce returns to after her ongoing Renaissance World Tour.
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Regardless of the breathtaking price ticket, the couple, dad and mom to Blue, 11, and twins Rumi and Sir, 5, bagged the property beneath its preliminary asking value of a whopping $295 million.
Crafted by the lauded Japanese architect Tadao Ando, a Pritzker Prize winner recognised for his distinctive concrete edifices, the modernist, L-shaped mansion gives panoramic ocean views through its floor-to-ceiling glass panels.
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The house’s design boasts expansive concrete hallways, an enormous yard with a pool, and culminates in a cliff overlooking the seaside.
This minimalist paradise was initially constructed and owned by famend artwork collector William Bell, who spent almost 15 years developing the concrete construction after buying the property for a mere $14.5 million in 2003, in response to the Los Angeles Times.
© Picture: Getty PicturesThe mansion homes Bell’s spectacular personal artwork assortment, the New York Submit studies.
Following their 2008 nuptials, Beyonce and Jay-Z have undertaken a sequence of considerable actual property investments. Their portfolio contains properties in New York Metropolis, New Orleans, the Hamptons, Miami Seashore, and Los Angeles, as detailed by Architectural Digest.
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In 2017, they acquired an $88 million mansion in Bel Air, their first important actual property endeavour in Los Angeles.
This house, now valued near $100 million as a result of renovations and enhancements, options 4 swimming swimming pools, a spa and wellness centre, and a 15-car storage, amongst different luxuries.
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Following this, the couple bought an East Hampton mansion, dubbed the Pond Home property, for $26 million – a Stanford White-designed property that includes hand-carved heated marble tubs and a full house automation system.
The dynamic duo’s penchant for distinctive properties led to their 2015 acquisition of a Spanish Baroque type, a 13,300-square-foot historic residence in New Orleans’ Backyard District. This property had beforehand served as a church, a ballet college, and finally, a non-public house.
Finishing their enviable actual property portfolio, Beyonce and Jay-Z personal a property in Miami’s coveted Indian Creek Island, rubbing shoulders with high-profile neighbours corresponding to Julio Iglesias, Adriana Lima, and billionaire Carl Icahn.
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