Recently the music superstars Beyoncé and Jay-Z have reportedly purchased the most expensive home ever sold in California for $200 million. The 30,000-square-foot mansion, located in Malibu, boasts stunning views of the Pacific Ocean.
William Bell, renowned as one of the world’s most prominent art enthusiasts, both owned and constructed the house. The process of constructing the entirely concrete building spanned nearly 15 years under Bell’s guidance.
However, this exceptional architectural masterpiece was envisioned by Tadao Ando, a highly acclaimed Japanese architect known for his expertise. Notably, Ando is also the architect behind the residence that Kanye West acquired in Malibu.
The couple made an astounding purchase, acquiring the property for a staggering $200 million. This transaction not only set a new record as the most expensive home ever sold in California but also surpassed the previous record of $177 million. Remarkably, it stands as the second most expensive real estate deal nationwide, with the top spot held by a $238 million sale of a New York City apartment.
Interestingly, the couple managed to secure an incredible bargain considering that the property was initially listed for an astonishing $295 million. The house is situated on an expansive 8-acre bluff, providing breathtaking views of the Pacific Ocean in the esteemed Paradise Cove area, also known as Billionaires’ Row.
It waa noted that, Beyoncé and Jay-Z are known for their immense success in the music industry, have made several noteworthy investments in luxurious real estate. One of their most notable purchases includes a lavish mansion in Bel Air, Los Angeles, which they acquired for a reported $88 million. This stunning property spans over 30,000 square feet and boasts amenities such as a spa, a wellness centre, a basketball court, and a media room.
To this end, the power couple owns a sprawling estate in the Hamptons, New York, which they purchased for around $26 million. This expansive property sits on two acres of land and features a main house, a guesthouse, a tennis court, and a swimming pool. Their real estate portfolio reflects their penchant for high-end properties that offer privacy, luxury, and a touch of opulence.