Beyoncé and Jay-Z Just Bought the Most Expensive House Ever in California

Table Of Content

• Beyoncé And Jay-Z Buy Malibu Estate For $200 Million—The Most Expensive Home In California
• Inside Beyoncé And Jay-Z's New $200 Million Home In Malibu
• The power of Beyoncé’s ‘Cowboy Carter’ isn’t its country twang. It’s her imagination, unlocked
• Mauricio Umansky purchases condo, moves out of home shared with Kyle Richards amid split: report
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• For the first time ever, ‘Blood In Blood Out’ will be available for streaming
• Jay-Z and Beyoncé’s Houses: Inside Their Real Estate Portfolio Worth Hundreds of Millions

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 seller is renowned art collector William Bell, son of the creator of American soap operas The Young and the Restless and The Bold and the Beautiful. Bell, who bought the property in 2003 at $14.5 million, spent over 15 years completing the 30,000 square feet compound–designed to showcase his legendary art collection.

Beyoncé And Jay-Z Buy Malibu Estate For $200 Million—The Most Expensive Home In California

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. One week after welcoming twins Rumi and Sir in June 2017, the elated parents (they also share 12-year-old daughter Blue) opted to temporarily move into an estate in Malibu to recoup and get to know the latest additions to their family.

Inside Beyoncé And Jay-Z's New $200 Million Home In Malibu

After building the architect’s vision 15 years later, the Bells used it as both a home and gallery for their famed art collection, most notably their collection of Jeff Koons. The house is a minimalist masterpiece, a modern concoction of concrete and glass envisioned by art collector William Bell, who bought the property for $14.5 million in 2003. For the design, he brought in Japanese architect Tadao Ando, a Pritzker Prize winner responsible for impressive concrete structures across Asia, Europe and North America. In addition to their new mansion, the couple also owns homes in Lower Manhattan, the TriBeCa loft, where they shared their nuptials and an $88 million mansion in the Bel Air section of Los Angeles.

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This is not the first expensive home purchased by the billionaire couple in California, as they bought a Bel-Air mansion in 2017 for $88 million. Later, the 53-year-old and his wife increased the property’s value by investing more into it and it is now worth over $100 million, per TMZ. Although the price tag is steep for most, for Jay-Z and Beyonce it’s simply another commodity to add to their over $2 billion fortune. The “Empire State of Mind” rapper is worth an impressive $2.5 billion, per his official Forbes profile. The music industry power couple’s new home is also the second most pricy real estate purchase in the United States.

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Originally listed for $100 million, “Opus,” a Trousdale mansion developed by Niami and designed by McClean, is now $85 million. Jay-Z and Beyoncé’s 30,000-square-foot compound also features a minimal design and multiple pools. “Opus,” a Trousdale mansion originally listed for $100 million and developed by Niami and designed by McLean, is now $85 million. Has passed several anti-“mansionization” ordinances, some which restrict a home’s size based on the percentage of its lot it occupies. Residents of Bel Air even formed a homeowners alliance to dissuade the development of mega-properties such as “The One,” which is three times the size of the Taj Mahal. And naturally, local realtors and architects have resorted to name-calling, many referring to McClean as the dreaded developer-architect.

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But California has been repeatedly breaking its own records in recent years. Beyoncé and Jay-Z are the latest to shell out an exorbitant sum of straight cash for one of the Pritzker Prize-winning architect’s few residences in the United States. Supplanting their new neighbor, the Knowles-Carters’ nine-figure closing now takes the cake as the second-most expensive home purchase in American history (the top being $238 million for an NYC apartment). The historic deal redefines the luxury market in Southern California, which has slowed down so far this year in the wake of the red-hot pandemic housing market.

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The “Crazy In Love” collaborators reportedly got a great deal on the structure, as it was actually listed for $295 million. On Reddit, a thread about the mysterious property concluded that “every Malibu mansion looks like a supervillain lair”. The mansion been described as “massive”, “minimalist” and “echoey”, and reportedly includes both a pool and a “water feature”, as well as an award-winning concrete driveway. Ando, who also designed Kanye West’s Malibu beachfront home, built the digs in collaboration with award-winning architect (and protégé) Kulapat Yantrasast, who runs the firm WHY out of New York and Los Angeles.

Two days after she was born in 2012, her father, Jay-Z, released the song “Glory,” which featured her cries and coos. Since she was individually credited on the track, she became (and remains) the youngest person to appear on a Billboard chart. On Thursday, the Wall Street Journal reported that homes designed by Ando — who’s based in Osaka, Japan — are supremely rare with a cult following. Newly popular among the A-list set, with clientele also including Kim Kardashian and her ex-husband Kanye West, there are fewer than 20 Ando-designed residences in the US.

Jay-Z and Beyoncé’s Houses: Inside Their Real Estate Portfolio Worth Hundreds of Millions

Plus, it seems the Knowles-Carters got a bit of a deal on the home, originally listed for an eye-watering $295 million. Beyoncé, who’s on track to net $2 billion from her international Renaissance tour alone, has yet to announce the family’s move-in date. Beyoncé and Jay Z’s private collection is extensive, including works from Damien Hirst, Jeff Koons, Mark Rothko, and a Tiffany-blue Basquiat. A Midwestern boy at heart, he was raised in St. Louis and studied journalism at the University of Missouri. Before joining The Times as an intern in 2017, he wrote for the Columbia Missourian and Politico Europe.

Incredibly, Beyoncé and JAY-Z actually got something of a deal, as the property was originally listed for $295 million. But with a combined net worth of $2.5 billion, the power couple likely had no problem securing a mortgage. Entertainment news outlet TMZ reported on Friday that the music icons had paid $200 million for a 40,000-square-foot property in the Paradise Cove area, citing sources in the real estate industry.

“[It] came on the market right around the same time that Lehmann Brothers crashed, and it sold for a lot of money,” McClean says. The address sold in 2005 for $2.6 million; in 2009, after McClean’s work, it went for $10 million. “That made people take notice of the house.” A slew of requests for projects in the area began, and they’ve never really stopped.

With its steep green cliffs overlooking the Pacific Ocean, Malibu is a top contender in America’s ultra-luxury real estate market. Its rise in the rankings of the favorite spots of the super-rich was solidified again in past weeks, with reports that Beyoncé and Jay-Z purchased a 40,000 sq ft oceanfront mansion in the coastal enclave. Beyoncé and Jay-Z also own an $88 million Bel Air estate, though it’s unclear if they intend to hold onto the similarly contemporary pad. It’s anchored by a 48-foot-long sunlit corner living and dining room with eight oversize windows, and is well proportioned for entertaining. The 30,000-square-foot property was designed by Japanese master architect Tadao Ando, who was also behind the $57.3 million mansion that Kanye West acquired during his divorce from Kim Kardashian.

Given that the Knowles-Carter couple amassed their fortune in no small part through Jay-Z’s investment in blue-chip artists like Warhol and Basquiat, the property offers ample room to let their own collection shine. The $200 million dollar property was designed by Japanese master architect Tadao Ando. Ando is also the architect behind Kanye West’s $57.3 Malibu home, which he purchased in 2021 amid his divorce proceedings with billionaire ex-wife, Kim Kardashian. Jay-Z and Beyoncé just shattered California’s price record, paying $200 million for a striking concrete compound overlooking the ocean in Malibu, according to TMZ.

“Beyoncé now literally owns a house in the shape of her favorite number & the most expensive house ever sold. “some of y’all are mad that they’re spending THEIR money the way that THEY want to??? It’s clear y’all are insanely jobless,” wrote a supporter of the couple. “Who tf buys a house that costs this much bro that’s so useless you could buy SO much land to save the earth but you rather spend it on a f–king house…💀,” wrote another. It comes as no surprise that Queen Bey’s home comes with a basketball court, given that the Carters are known fans of the sport and are often seen attending NBA games.

“I felt like a little kid in a big haunted house there,” Jay-Z told New York magazine at the time. The Italianate stucco house sat on 8.5 acres and featured an indoor-outdoor pool and a 120-seat screening room, which was used for an intimate yet star-studded premiere of End of Watch starring Jake Gyllenhaal. Celebrities like Madonna and Jennifer Lopez have also been known to rent the property. Unlike the more formal sitting room seen above, Beyoncé and Jay-Z's casual family room channels a more relaxed vibe. Mahogany hardwood floors, cream-coloured curtains, an abstract rug in shades of yellow, blue and beige, and a comfy taupe couch bring this room to life.