According to TMZ, Beyoncé and Jay-Z have recently purchased a 30,000-square foot house in Malibu for what appears to be a record-breaking price tag of $200 million. This transaction reportedly marks the largest real estate deal ever made in California’s history, surpassing the previous record of $177 million.
Moreover, the purchase makes their new home the second most expensive in US history, with the highest being a $238 million New York City property. Once Beyoncé finishes her “Renaissance World Tour,” she will have a lavish new home in California to return to.
Despite the initial listing price of $295 million, it appears that Beyoncé and JAY-Z managed to secure a fantastic deal on the property. The couple, whose combined net worth is estimated at $2.5 billion, did not face any difficulties obtaining a mortgage. The impressive all-concrete structure, designed by Japanese architect Tadao Ando, was previously owned by art collector William Bell, who spent 15 years constructing the home. It is situated on an 8-acre property that boasts a stunning view of Paradise Cove in Malibu.
