MALIBU, USA – A new California record has been set, and it has nothing to do with earthquakes or wildfires. Music industry power couple Jay-Z and Beyoncé have purchased a 30,000-square-foot Malibu mansion for a whopping $200 million, making it the most expensive home ever sold in the state, TMZ reports.
The purchase also ranks it the second priciest home transaction in the U.S.
Despite the eyebrow-raising figure, the billionaire pair managed to secure the minimalist dwelling for a significant markdown — the property was privately listed for nearly $295 million.
The colossal abode, a product of esteemed Japanese architect Tadao Ando’s vision, took nearly 15 years to construct. It stands as a testament to Ando’s renowned minimalist design ethos, enveloped in his signature concrete styling.
Sprawled across eight acres, the mansion offers unobstructed views of the Pacific, making it a prime example of luxury real estate. The details of the mansion’s interior have not been disclosed, but considering Ando’s reputation for harmonizing space with elements of light and water, one can anticipate an equally mesmerizing experience indoors.
The sale underscores the power couple’s wealth and influence, already amplified by their illustrious music careers and diverse business ventures. While the house’s price tag is staggering, it’s hardly a dent in the couple’s combined estimated net worth of over $1 billion.
This recent acquisition adds to Jay-Z and Beyoncé’s impressive property portfolio, which includes an $88 million modern mansion in Bel-Air and a historic $26 million estate in the Hamptons.
The deal demonstrates that the ultra-luxury real estate market is flourishing even in an economy recovering from a global pandemic, especially for those at the pinnacle of financial prowess.