Beyoncé, JAY-Z Purchase Most Expensive Home in California History

As soon as Beyoncé concludes her “Renaissance World Tour,” she’ll have a model new house to return to — and a really luxurious one at that.

In accordance with TMZ, Beyoncé and JAY-Z have bought a 30,000-square foot house in Malibu for a record-breaking price ticket of $200 million. Apparently that’s the largest actual property transaction in California historical past, smashing the earlier document of $177 million. It’s additionally the second most costly actual property deal in US historical past — behind solely a $238 million transaction for a property in New York Metropolis.

Extremely, Beyoncé and JAY-Z really bought one thing of a deal, because the property was initially listed for $295 million. However with a mixed web price of $2.5 million, the facility couple probably had no drawback securing a mortgage.

The house was designed by Japanese architect Tadao Ando. Artwork collector William Bell, its earlier proprietor, spent 15 years constructing the all-concrete construction. It sits on an 8-acre property overlooking Malibu’s Paradise Cove. You may see photographs of the property under.