Beyonce and Jay-Z Purchase the Most Expensive Home in California for $200 Million

Beyoncé and Jay-Z Buy California’s Most Expensive Home for Staggering $200 Million

Beyoncé and Jay-Z have made a historic real estate purchase, shattering 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 whopping $200 million, making it the most expensive home ever sold in the state of California.

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.

The purchase of the 30,000-square-foot concrete compound is also the second most expensive real estate deal in the country, right after a $238 million apartment in Central Park South in New York City, bought by hedge fund giant Ken Griffin in 2019.

Once Beyoncé 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.

Despite paying the exuberant price, the duo 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.

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.

The oceanfront home never even hit the market and was only shown to a select group of buyers.

Since marrying in 2008, the couple has invested in a number of different real estate purchases, including homes in New York City, New Orleans, the Hamptons, Miami Beach, and Los Angeles.

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 luxurious compound includes a 15-car garage, multiple outdoor entertaining areas, and a media room.

The property features tranquil views at nighttime and boasts an impressive design.

Overall, this purchase marks another significant investment in the couple’s expanding real estate portfolio.