June 23, 2024

Brighton Journal

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Jay-Z and Beyoncé have bought the most expensive home in California history

Jay-Z and Beyoncé have bought the most expensive home in California history

Beyonce And Jay-Z broke California real estate price records by purchasing a sprawling 40,000-square-foot mansion overlooking the Pacific Ocean.

The musical couple reportedly paid $200 million for the property in Malibu, beating the previous record set by the billionaire venture capitalist. Mark Andreessenwho spent $177 million on the residence next door in 2021.

According to cited sources TMZThe originally simple concrete and glass structure was purchased for $14.5 million in 2003 by art collector William Bell. The previous owner enlisted Japanese architect Tadao Ando, ​​recipient of the prestigious Pritzker Prize, to transform the L-shaped mansion with wide aisles and an open floor plan over the course of 15 years.

The rarely photographed property—which features patios leading to a pool and cabana, and sprawling lawns perched on a cliff overlooking the beach—is made up of six distinct buildings and is located in the affluent Paradise Cove area, better known as Billionaires’ Row. .

Beyoncé and Jay-Z snapped up the property at a steep discount. Initially offered as a pocket listing valued at $295 million, it was shared exclusively with a select group of eligible buyers.

In 2017, the couple acquired a similar mansion in Bel Air for $88 million.

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