Jay-Z and Beyonce purchase most expensive home ever in California
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, eclipsing the previous record of $177 million. It’s also the second most expensive real estate deal in the country — the top being $238 million for an NYC apartment.
The house sits on an 8-acre bluff overlooking the Pacific Ocean in the Paradise Cove area AKA Billionaires’ Row.
It’s also an architectural jewel, designed by Tadao Ando, a Japanese master architect, who is also designing the house Kanye West bought in Malibu.
The house was owned and built by William Bell, one of the biggest art collectors in the world. It took Bell almost 15 years to build the all-concrete structure.
The home is the couple’s second massive real estate purchase in the Los Angeles area that is publicly known 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.