Tuesday, February 27, 2024
601 ad

Jay-Z and Beyoncé purchase most expensive home

Beyoncé and Jay-Z have shattered California’s real estate price record with the purchase of a sprawling 40,000-square-foot mansion that overlooks the Pacific Ocean.

The musical power couple reportedly paid $200 million for the property in Malibu, surpassing the previous record set by billionaire venture capitalist Marc Andreessen, who spent $177 million on the neighboring residence in 2021.

According to sources cited by TMZ, the minimalist concrete and glass structure was originally purchased for $14.5 million in 2003 by the art collector William Bell. The former owner enlisted the Japanese architect Tadao Ando, a recipient of the prestigious Pritzker Prize, to transform the L-shaped mansion with expansive hallways and an open floor plan over 15 years.

The rarely photographed property — which boasts patios leading to a swimming pool, a cabana and a sprawling, lush lawn perched on a cliff overlooking the beach — consists of six distinct structures and is located in the affluent Paradise Cove enclave, known as Billionaires’ Row.

Beyoncé and Jay-Z snatched the property at a steep discount. It was initially offered as a pocket listing for $295 million, exclusively shared with a select group of qualified buyers.

In 2017, the couple acquired a similar mansion in Bel-Air for $88 million.

Kurt Rappaport from Westside Estate Agency represented both the seller and buyers in the most recent transaction, TMZ reported.

Ando is also designing a home for Kanye West in Malibu.

Reginald Chandar
Reginald Chandar
Head of News & Sports | news@fijilive.com

MORE FROM FIJILIVE

Vodafone employee testifies in Kish...

A third prosecution witness in the case against terminated school t...

Firefighters contain Defence Club f...

The Defence Club, located on the corner of Gordon and Hercules Stre...

Our peacekeeping reputation is harm...

Opposition Member of Parliament, Viliame Naupoto says Minister for ...

I am still atoning for my sins, say...

Prime Minister Sitiveni Rabuka says he is still atoning for his sin...
Fijilive Ad

trending

error: