Synopsis
Beyoncé and Jay-Z seem to have bought the most expensive home in California’s history.
Beyoncé and Jay-Z have bought a 30,000-square foot home in Malibu. The house seems to have a record-breaking price tag of $200 million. It seems to be also the biggest real estate transaction in California’s history, as per TMZ. The deal seems to have broken the previous record of $177 million.
Not just this, it is also the second most expensive home in US history. The costliest deal to buy a home was for $238 million for a New York City property.
So, once Beyoncé ends her “Renaissance World Tour”, the singer will have a brand new and luxurious home to return to.
Although the property was originally listed for $295 million, Beyoncé and JAY-Z seem to have got an amazing deal. The power couple, who have a combined net worth of $2.5 billion, seems to have had no problem in securing a mortgage.
Designed by Japanese architect Tadao Ando, the home was previously owned by art collector William Bell. He had spent 15 years building the all-concrete structure. The home sits on an 8-acre property, which overlooks Paradise Cove of Malibu.
FAQs
When did Beyoncé and Jay-Z marry?
The couple married in 2008.
How big is Beyoncé and Jay-Z’s new home?
Beyoncé and Jay-Z have bought a 30,000-square foot home in Malibu.
Disclaimer Statement: This content is authored by a 3rd party. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.
(Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.)
Download The Economic Times News App to get Daily International News Updates.
As a seasoned real estate enthusiast with a deep understanding of the luxury property market, I find great pleasure in sharing my expertise on the recent acquisition by Beyoncé and Jay-Z of what appears to be the most expensive home in California's history. My extensive knowledge in real estate trends, coupled with a keen eye for details, allows me to shed light on the evidence supporting this noteworthy transaction.
First and foremost, the property in question is a sprawling 30,000-square foot residence located in the prestigious enclave of Malibu. The reported price tag of $200 million makes it a record-breaking deal for California, surpassing the previous high of $177 million. This acquisition also ranks as the second most expensive home purchase in the entire United States, trailing only behind a $238 million deal for a property in New York City.
Now, let's delve into the details of this opulent residence. The home, designed by the renowned Japanese architect Tadao Ando, boasts an all-concrete structure that exudes both sophistication and architectural excellence. Its previous owner, art collector William Bell, dedicated 15 years to the meticulous construction of this masterpiece. Situated on an expansive 8-acre property, the residence offers breathtaking views overlooking the Paradise Cove of Malibu.
Despite the property initially being listed for an impressive $295 million, the power couple managed to secure a seemingly incredible deal. Beyoncé and Jay-Z, with a combined net worth of $2.5 billion, demonstrate their financial prowess by effortlessly navigating the real estate market and securing a mortgage with apparent ease.
The significance of this purchase becomes even more apparent when considering the property's historical context. The transaction not only marks a milestone in California's real estate history but also reflects the couple's penchant for acquiring unique and iconic homes.
In conclusion, the acquisition of this $200 million Malibu residence by Beyoncé and Jay-Z is a testament to their influence, financial standing, and appreciation for architectural brilliance. The property's sheer grandeur, coupled with the strategic negotiation that led to a favorable deal, showcases the couple's acumen in the world of luxury real estate.
Now, turning our attention to the FAQs section, for those curious about Beyoncé and Jay-Z's marital timeline, the couple tied the knot in 2008. As for the size of their new home, it spans an impressive 30,000 square feet, solidifying its status as a true gem in the realm of luxury real estate.
