Couple, Jay-Z and Beyoncé have bought the most expensive home ever in California, a 30,000-square-foot home in the prime area of Malibu.
Real estate sources say the couple paid $200 million for the property, making it the most expensive home ever sold in the entire state of California. Before this purchase, the previous record of the most expensive home in the area was $177 million.
It is also the second most expensive real estate in the United States with the top being $238 million for New York City apartment.
“They actually got an unbelievable deal; the home was quietly listed for a whopping $295 million” a source revealed.
The house sits on an 8-acre bluff overlooking the Pacific Ocean in the Paradise Cove area. It is also an architectural jewel, designed by Tadao Ando, a Japanese master architect, who is also designing the house Kanye West bought in Malibu.
The house was owned and built by William Bell, one of the biggest art collectors in the world. It took Bell almost 15 years to build the all-concrete structure.
The home is the couple’s second massive real estate purchase in the Los Angeles area. They purchased a Bel-Air mansion for $88 million, and pumped millions more into the home to push it over the $100 million mark.