Beyoncé and Jay-Z reportedly splashed out a whopping $200 million for a Malibu oasis designed by the identical architect who’s crafting Kanye West’s oceanfront home.
That worth makes it the costliest residence ever to promote in California. Nevertheless, it’s not the priciest residence to promote within the nation. That honor belongs to hedge fund titan Ken Griffin, who shelled out about $238 million in 2019 for a four-level residence inside 220 Central Park South in New York Metropolis.
In line with TMZ, the couple bought the 40,000-square-foot Malibu residence set on 8 acres from William Bell Jr. — one of many largest artwork collectors on this planet.
Bell took nearly 15 years to construct the all-concrete construction — concrete being a staple materials of the architect behind the design — with practically $100 million in loans. It appears like he’s strolling away with a revenue.
In line with the development firm, the house options Bell’s personal artwork assortment.
Design options additionally embody a water characteristic and a pool — all whereas using 7,645 cubic yards of concrete.
However it appears just like the couple walked away with a cut price.
The property was quietly shopped round for $295 million initially.
Overlooking the Pacific Ocean within the unique Paradise Cove enclave, the house was designed by the Pritzker-winning Tadao Ando, one of many world’s most revered architects.
The house is perched atop the Malibu cliffs.
That is Jay-Z and Beyoncé’s second large actual property buy within the state.
In 2017, they purchased a Bel-Air mansion for $88 million, and invested thousands and thousands extra into the house for it to be value near $100 million right this moment.
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Mega-celebrity dealer Kurt Rappaport repped either side of the deal.
