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

Table Of Content

• What Ye was expected to do with the property
• Purchase Most Expensive Home Ever in California
• A Gustav Klimt Portrait, Presumed Lost for Decades, Sets a New Record at $32 Million
• Beyoncé and Jay-Z Just Bought the Most Expensive House Ever in California
• Beyoncé and Jay-Z’s New California Home Doubles As An Art Museum
• Beyoncé And Jay-Z Buy Malibu Estate For $200 Million—The Most Expensive Home In California

The colossal home spans nearly eight acres and has a private beach, infinity pool that seems to stretch off into the ocean, and Zen water features. 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. 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.

What Ye was expected to do with the property

Beyoncé, Jay-Z purchase of Malibu beach mansion most expensive real estate sale of 2023 - Fox Business

Beyoncé, Jay-Z purchase of Malibu beach mansion most expensive real estate sale of 2023.

Posted: Sat, 06 Jan 2024 08:00:00 GMT [source]

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. Apparently that’s the biggest real estate transaction in California history, smashing the previous record of $177 million.

Purchase Most Expensive Home Ever in California

Last month, the news finally broke—Beyoncé had reportedly given birth to her two new babies. However, unlike her initial announcement, not a word about them has been heard from Bey. And finally, late last night, Rumi and Sir Carter made their Instagram debut. Overlooking the Pacific Ocean in the exclusive Paradise Cove enclave, the home was designed by the Pritzker-winning Tadao Ando, one of the world’s most respected architects. Bell took almost 15 years to build the all-concrete structure — concrete being a staple material of the architect behind the design — with nearly $100 million in loans. This monolith gets its dose of openness with floor-to-ceiling glass panels.

Beyoncé, Jay-Z's Malibu mansion was 2023's most expensive home purchase - The Atlanta Journal Constitution

Beyoncé, Jay-Z's Malibu mansion was 2023's most expensive home purchase.

Posted: Tue, 06 Feb 2024 08:00:00 GMT [source]

A Gustav Klimt Portrait, Presumed Lost for Decades, Sets a New Record at $32 Million

Before joining The Times as an intern in 2017, he wrote for the Columbia Missourian and Politico Europe. His style is on full display here, as the L-shaped mansion opens to vast, open spaces marked by concrete hallways and floor-to-ceiling walls of glass. Out back, patios lead to a swimming pool, cabana and a flat, grassy lawn perched on a cliff overlooking the beach below. “This is the Oscars of real estate,” Alexander Ali, a public relations official, told me that night.

Celebrity Homes

There are also rumors that the Carters own a mansion in New Orleans, as they listed it for sale and took it off the market in 2021. We’re sure the 32-time award-winning Grammy artist looks forward to returning to sunny Los Angeles to luxuriate at her new mansion with her family. Multiple sources have now reported that Beyoncé and Jay-Z are living, for the time being, at a Malibu mansion known as La Villa Contenta. And if Beyoncé's beautifully staged Instagram is any indication, this was also the location for her twin-revealing photo shoot. The ocean-front property was once for sale for a whopping $75 million, which made it one of the most expensive homes on the market in the area. The home was specifically designed to double as a showcase for the Bells’ impressive art collection.

With a sale tag of $200m, the acquisition appears to break the record for the most expensive home in California. The colossal concrete compound sits on 8 acres of pristine land off the Southern California coast and has its own private beach, swimming pool, and a water feature in addition to the 40,000 square foot residence. And while it’s true that luxury home prices—and the number of transactions—are generally trending upward, we’re still experiencing a tale of two markets.

It reportedly took Bell over a decade and a half to finish construction on the concrete property. The concrete home overlooks the Pacific Ocean and has striking features, an expansive lawn on either side, and plenty of privacy for the ultra-famous family of five. The sale was brokered by Kurt Rappaport, a celebrity real estate agent of the Westside Estate Agency, who represented both the buyer and the seller in the sale.

Of course, the home comes with some envious architectural significance. It is one of the very few American homes designed by Japanese master-architect Tadao Ando. Designer Tom Ford was among the first Americans to commission Ando to design a home. A certain controversial rapper infamously bought an Ando home in Malibu that has now reportedly fallen into disrepair. That rapper’s ex-wife Kim Kardashian is rumored to have recently flown to Japan to meet with Ando to consult about the design of her own future dream home. The house was reportedly owned and built by William Bell, a soap opera producer and one of the biggest art collectors in the world.

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. In May 2023, Beyoncé and husband Jay-Z purchased a $200 million dollar Malibu home overlooking the Pacific Ocean, inking the most expensive real estate deal in California history, according to TMZ. According to TMZ, Beyoncé, and Jay-Z 'got an unbelievable deal' as the home, which is situated on 'Billionaires' Row', was initially listed for $295 million. Stevie Nicks, Pamela Anderson, Matthew McConaughey, and Betsy Johnson are among the stars who are also said to own property in the neighborhood. Last year, nearby in Malibu, Kanye West also purchased a $57.3 million vacation home, also designed by the Japanese-born architect.

Jay, whose real name is Shawn Carter, and Beyoncé purchased an $88 million Bel-Air mansion back in 2017, which is now worth about $100 million due to reported changes. TMZ says the home is the second most expensive real estate deal in the U.S., only behind a $238 million New York City apartment. According to the construction company, the home features Bell’s private art collection. Beyoncé and Jay-Z continue to prove that they’re Hollywood’s most iconic couple.

With 6.3 acres of Pacific coast property and a more than 12,000-square-foot main house, it is admittedly huge. Guests first enter through an initial gateway to the house, before passing through a motor court surrounded by lush palm trees. Inside, double living rooms, a library, and a media center provide ample interior areas where residents can relax.

(Another being fashion designer Tom Ford’s Santa Fe ranch, Cerro Pelon, which Aldo completed in 2012.) Ando is credited with popularizing the "haiku" effect, using empty space to emphasize the beauty of zen aestheticism and pure geometry. His non-residential work in the U.S. includes the Pulitzer Arts Foundation in Missouri and the Modern Art Museum of Fort Worth. Billionaire media mogul and proprietor Rupert Murdoch earlier this month had to slash the price of his Manhattan penthouse nearly 40% to $38.5 million. And even more recently, rapper Ye, formerly known as Kanye West, cut the price of his Malibu mansion from $53 million to $39 million, a more than 26% decrease, according to a San Francisco Chronicle report.

The broker for the deal was Kurt Rappaport of Westside Estate Agency, whose other clients include Tom Cruise, Brad Pitt, and Madonna. 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. 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.