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Outside, there’s a 1,000 rose bushes, 2 pools, and stunning ocean views. All this space and opulence is exactly why the home is currently on the market for $54,500,000. After the birth of their twins in June 2017, Beyoncé and Jay Z rented this massive Malibu estate for a reported $400,000/month. The home was designed by home whisperer and spec-home genius, Paul McClean. Developer Tyrone McKillen bought the lot and previous home for $15 million in 2015.
Beyoncé & Jay-Z Make Real Estate History with Malibu Home
The seller is renowned art collector William Bell, son of the creator of American soap operas The Young and the Restless and The Bold and the Beautiful. Bell, who bought the property in 2003 at $14.5 million, spent over 15 years completing the 30,000 square feet compound–designed to showcase his legendary art collection. The couple moved into their mansion in August 2017, marking the highest-selling transaction in LA in 2017. Just this year, the songstress, who is currently traveling across Europe on her Renaissance World Tour, claimed the title for most Grammy wins of all time. Now, the power couple can count a groundbreaking real estate record as one of their own, after the purchase of a $200 million Malibu home—the priciest in the history of The Golden State, TMZ reports.
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Apparently that’s the biggest real estate transaction in California history, smashing the previous record of $177 million. It’s also the second most expensive home real estate deal in US history — behind only a $238 million transaction for a property in New York City. The concrete home overlooks the Pacific Ocean and has striking features, an expansive lawn on either side, and plenty of privacy for the ultra-famous family of five. The sale was brokered by Kurt Rappaport, a celebrity real estate agent of the Westside Estate Agency, who represented both the buyer and the seller in the sale. The colossal home spans nearly eight acres and has a private beach, infinity pool that seems to stretch off into the ocean, and Zen water features.
Beyoncé and Jay-Z Drop $200 Million on Most Expensive Home in California History
Beyoncé Drops New Single ‘My House’ Following Release of ‘Renaissance’ Film - Variety
Beyoncé Drops New Single ‘My House’ Following Release of ‘Renaissance’ Film.
Posted: Thu, 30 Nov 2023 08:00:00 GMT [source]
The media mogul, actress and philanthropist reportedly paid $52 million for her Montecito mansion, which covers 23,000 square feet and sits on 70 landscaped acres. It is now worth significantly more — its 2022 assessment record in Santa Barbara County put the home’s value at more than $100 million, with taxes alone topping $1 million. Prince Harry and Meghan Markle are said to be regular guests, although their March 2021 bombshell interview with the talk-show queen wasn’t filmed in her backyard.
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Back in 2017, they purchased a Bel-Air mansion for $88 million, and pumped millions more into the home to push it over the $100 million mark. According to TMZ, Beyoncé and Jay-Z secured their Malibu property for $95 million under the asking price. The news outlet also reported that the couple paid the $200 million for the mansion in cash. Entertainment news outlet TMZ reported on Friday that the music icons had paid $200 million for a 40,000-square-foot property in the Paradise Cove area, citing sources in the real estate industry.
Beyoncé and Jay Z's lavish lounge inside $88m mansion is exactly what you'd expect
The wealthy couple once lived in a 13,000 sq ft home in New Orleans, which was once a Presbyterian church, with towering 10-metre (26-foot) ceilings and vast windows, according to Love Property. Call them perfectionists or difficult to impress, but the 53-year-old record executive and his 41-year-old American singer wife spent no less than three years looking for their dream home. They lived in a string of ultra-expensive rentals till they found and zeroed in on their US$88 million newly-built Bel Air estate, per CNBC. It was featured in the 1998 cult-classic The Big Lebowski as Jeffery Lebowski’s mansion. It was last on the market for $65 million when Jamie McCourt decided to sell the home.
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Media outlets began reporting that Beyoncé and Jay Z made an astronomical offer on the hillside mansion at the end of a secluded street in Bel Air. The Los Angeles Times Hot Property section confirmed this news on August 18th of 2017. Beyoncé and Jay-Z’s $88 million offer was accepted and the purchase was official. Half a decade after she returned to film in the live-action remake of The Lion King, Beyoncé has signed on to appear in another, similar movie. The Parisian fest was just one of many Club Renaissance parties the “Alien Superstar” singer had thrown in secret around the globe.
With its steep green cliffs overlooking the Pacific Ocean, Malibu is a top contender in America’s ultra-luxury real estate market. Its rise in the rankings of the favorite spots of the super-rich was solidified again in past weeks, with reports that Beyoncé and Jay-Z purchased a 40,000 sq ft oceanfront mansion in the coastal enclave. Beyoncé and Jay-Z’s purchase of the monumental home marks the most expensive residential real-estate deal in California history. It is also the second-most expensive home price in U.S. history; Citadel founder Kenneth Griffin’s penthouse on New York’s Billionaires’ Row went for $238 million in 2019—although, to split hairs, that is an apartment, not a house. Beyoncé and Jay-Z even got a deal on their new digs overlooking the Pacific Ocean, paying $95 million under the original ask. His style is on full display here, as the L-shaped mansion opens to vast, open spaces marked by concrete hallways and floor-to-ceiling walls of glass.
An ‘unbelievable deal’? The $200m mansion reportedly bought by Beyoncé and Jay Z - The Guardian
An ‘unbelievable deal’? The $200m mansion reportedly bought by Beyoncé and Jay Z.
Posted: Fri, 02 Jun 2023 07:00:00 GMT [source]
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Reps for the singers did not immediately return our request for comment. In 2017, the couple — who tied the knot in 2008 and share three children — bought a home in Bel-Air for $88 million, according to TMZ. “some of y’all are mad that they’re spending THEIR money the way that THEY want to??? It’s clear y’all are insanely jobless,” wrote a supporter of the couple. Kurt Rappaport of Westside Estate Agency handled both ends of the deal, TMZ reported.
The Pond House is a 12,000-square-foot behemoth designed by renowned architect Stanford White, situated just off Georgica Pond. The estate includes 203 feet of waterfront property and is adjacent to a massive 17-acre meadow preserve, ensuring that the Carters have the utmost privacy. In 2017, they shelled out $88 million for an impressive Bel-Air pad, and they also own homes in New York City and the Hamptons. The Carters’ recent purchase surpassed the former record of a $177 million Malibu compound purchased by billionaire Marc Andreessen in 2021, TMZ reported. Still, however, the most expensive sale in the nation still belongs to billionaire hedge-fund manager Ken Griffin, who purchased a New York City penthouse for $238 million. The married moguls’ new Pacific Coast Highway abode was designed by architect Tadao Ando and measures in at 30,000 square feet, plenty of space for their three children to enjoy.
The nine-figure transaction shatters Marc Andreessen’s former record in California, set with his $177 million purchase in 2021, also in Malibu. Ando, the architect, is a Pritzker prize winner, whose exposed concrete and glass homes have become status symbols for American superstars. Kim Kardashian announced earlier this spring that she was working on a “dream project” with Ando, and in 2021 Kanye West reportedly purchased a comparatively modest beachfront Malibu home designed by Ando for $57.3m. The Carters then began their search for a home base in Los Angeles, but they had a surprisingly hard time locking one down. They were outbid on a number of properties (once by Minecraft creator Markus Persson), so they opted to rent first instead.
Yep, news broke today that the A-list celebrity couple just bought a brand spankin' new 30,000 square foot home in Malibu. The house was owned and built by William Bell, one of the biggest art collectors in the world. Hedge fund founder Ken Griffin still holds the title for the biggest real estate purchase in the nation, putting down a whopping $238 million for his Central Park South high-rise in 2019. Celebrity real estate agent Kurt Rappaport, who reportedly brokered the deal, did not immediately respond to Fortune’s request for comment. Superstar couple Beyoncé and Jay-Z smashed a real estate record with the purchase of their new Malibu home.
Soon after her album drop, she threw a secret party in New York City, which reportedly had a Studio 54 theme, in tribute to the city’s iconic disco club. Donald Glover, Chloë and Halle Bailey, Kendrick Lamar, Janelle Monae and Questlove were all in attendance. The mastermind behind the “Star Wars” and “Indiana Jones” franchises has reportedly spent more than $100 million to develop a 4,700-acre property in secluded Nicasio, Calif., a rural patch north of San Francisco. Aptly called Skywalker Ranch, the property includes a man-made lake, a restaurant and a fire station, as well as sound-mixing and recording facilities.
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