Once BEYONCE he finished “Renaissance World Tour,” he now has a new home to return to — and a very luxurious one at that.
According to TMZBeyoncé and JAY-Z bought a 30,000-square foot home in Malibu for a record-breaking price tag of $200 million. Apparently that was the largest real estate transaction in California history, shattering the previous record of $177 million. It is also the second most expensive residential real estate deal in US history – behind a $238 million transaction for a property in New York City.
Surprisingly, Beyoncé and JAY-Z actually got something of a deal, as the property was originally listed at $295 million. But with a combined net worth of $2.5 billion, the power couple probably won’t have any trouble securing a mortgage.
The house was designed by Japanese architect Tadao Ando. Art collector William Bell, its former owner, spent 15 years building the concrete structure. It sits on an 8-acre property overlooking Malibu’s Paradise Cove. You can see photos of the property below.