Tuesday, April 30, 2024

An unbelievable deal? The $200m mansion reportedly bought by Beyoncé and Jay Z The super-rich

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In addition to world-class amenities, there are elements in the home that make the design stand out. Everything is spectacular, from sculptural limestone stairs lined with leather to its 10,000 sq ft of outdoor space. The glass windows are all bulletproof and guarantee protection without interrupting the panoramic views of Los Angeles.

beyonce new house

Jay-Z and Beyoncé drop $200 million on Malibu mansion, setting a record in California

Kurt Rappaport, the Malibu “alpha agent” who reportedly arranged the record-breaking $200m sale, has previously worked with Tom Cruise, Brad Pitt and Ellen DeGeneres. TMZ first reported that the star couple had snapped up a modernist mansion designed by the celebrity Japanese architect Tadao Ando. With a sale tag of $200m, the acquisition appears to break the record for the most expensive home in California. Images of the new home can be found on many pages dedicated to Ando’s work, if you use the keywords Bell and Malibu. Be sure you are looking at the right one, because Ando built another beachside Malibu home for financier Richard Sachs in 2013, which was purchased in 2021 by Kanye West for $57.3 million. (Peanuts compared to what Beyoncé and Jay-Z paid.) The 4,000-square-foot home is reportedly in a state of disrepair right now, with unfinished remodeling projects dragging on.

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He’s considered one of the biggest art collectors in the world, with numerous works of art by Jeff Koons, Andy Warhol, Damien Hirst, Marcel Duchamp, and many more. Although Beyoncé is currently on the first leg of her widely popular Renaissance World Tour, it didn’t stop her from selecting her newest home. The power couple snagged the record from their new neighbor, venture capitalist Marc Andreessen, who bought his home next door for a staggering $177 million in 2021. The Knowles-Carter estate in Malibu was designed by the self-taught Pritzker Prize-winning Japanese architect Tadao Ando, best known in the U.S. for building the Fort Worth Modern Art Museum. According to TMZ, Beyoncé and JAY-Z have purchased a 30,000-square foot home in Malibu for a record-breaking price tag of $200 million.

beyonce new house

Oprah Winfrey $100 million estate Montecito

Knowles and Jay-Z, who’s real name is Shawn Carter, purchased a sprawling $200 million Malibu, California estate. They reportedly got a discount, as the home was privately listed for $295 million. Designed by renowned Japanese architect Tadao Ando, the mansion spans 30,000 square feet and reportedly took more than a decade and a half to finish. The seller is notable Los Angeles art collector Bill Bell, Jr., who is the heir to a soap opera fortune. His father, William J. Bell, created the iconic soap operas The Young and the Restless and The Bold and the Beautiful. Times, Bell purchased the property in the late 1990s for $14.5 million and enlisted Ando to create a modernist glass-and-concrete structure.

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According to Dirt, more than 22,500 square feet of polished pervious concrete was used for the estate’s driveaway and motor courts alone. For the home, it’s estimated that more than 7,645 cubic yards of concrete was used. Even though Jay-Z’s 2009 hit “Empire State of Mind” referenced a “stash spot” at 560 State Street, an address in Brooklyn’s Boerum Hill neighborhood, the rapper’s first big real estate purchase was actually in Lower Manhattan. In 2004, several years before he and Beyoncé tied the knot, Jay-Z shelled out $6.85 million for an impressive Tribeca penthouse. The seventh-floor unit was situated in a converted 1929 brick warehouse building and measured 8,000 square feet, with an additional 3,000 square feet of outdoor terraces. The couple would later hold their private, 40-person wedding at the penthouse, reportedly with 70,000 Dendrobium orchids flown in from Thailand.

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It's also the second most expensive real estate deal in the country -- the top being $238 million for an NYC apartment. The concrete compound, which overlooks the Pacific Ocean, naturally comes with a swimming pool, and sits on eight acres of land. Designed by famed Japanese architect Tadao Ando, the property was commissioned and owned by soap opera veterans turned renowned art collectors William and Maria Bell, with the project reportedly taking 15 years to complete. The couple continued their landmark year in 2017 with the purchase of a seven-bedroom, seven-and-a-half-bathroom mansion in East Hampton the following month.

The hip-hop power couple stole the record from their new neighbor, billionaire venture capitalist Marc Andreessen, who paid $177 million for the home right next door in 2021. Beyoncé, Jay-Z and their three children now live in the US$88 million mansion boasting six separate structures and spanning 30,000 sq ft. The avant-garde estate includes eight bedrooms and 11 bathrooms and was developed by Dean McKillen, according to the Los Angeles Times. More than the sprawling space and constructions, the house is defined by an array of exceptional amenities. The 20,637 square foot home sits on the grounds of a pristinely-kept property.

Beyoncé and Jay-Z Just Purchased the Most Expensive Home Ever Sold in California for $200 Million

Featuring an Olympic-sized swimming pool, a dedicated room for massages, a spa and a steam room, the amenities are like that of a 5-star resort. It has all the decadence you’d expect from a home owned, or rented, by the musical power-couple. Plenty of trees, lush vegetation, and tall hedges surrounding the home also offer lots of privacy, something of which celebrities tend to seek out when looking for a place to call home. The Mediterranean-inspired home and its surrounding structures total a whopping 16,107 square feet of living space. It boasts 10-bedrooms and 14-bathrooms (what do you even do with 10 bedrooms?!).

Jay-Z, Beyoncé buy most expensive home ever in California for $200M

The big hall-like space when you enter the house has this beautifully placed dining room on one side. The dining room has been adorned with a crimson scheme on the walls and seats around the table. The chairs are covered with velvet, and the dining table is big enough to accommodate multiple families at once. Later on, this Presbyterian Church was converted into a studio for ballet dance. Now a well-known structure, you will often hear it referred to as Garden District Palace.

The US$200 million brutalist-style estate is set high above Paradise Cove beach. The massive 3.2-hectare space is encompassed by ocean and coastline views, along with being directly connected to Malibu’s most breathtaking beach. After making music history, Beyoncé and Jay-Z made a real estate record. The not-so-humble-abode that Queen Bey and the hip-hop mogul will share costs a cool US$200 million, making it the most expensive home ever sold in California, as per TMZ. According to TMZ, the couple purchased the 40,000-square-foot Malibu home set on 8 acres from William Bell Jr. — one of the largest art collectors in the world. A representative for Beyoncé did not immediately comment on the reports about the mansion purchase.

There is also a mirror taking up an entire wall, framed with large spotlights. Much like their living room, it has floor-to-ceiling windows, which open out onto a large terrace with grey tiles and glass railings offering an incredible view over the neighbourhood. It features brushed grey carpets, walls with silver glass panels and frames, and what seems to be a wooden panel at one side.

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