Tuesday, April 30, 2024

Beyoncé, Jay-Z's New Malibu Home Is CA's Most Expensive Ever: Report Malibu, CA Patch

beyonce jay z new house

The couple reportedly paid cash for the 40,000-square-foot concrete mansion by the Japanese architect. The family’s new SoCal spread stands on 8 acres in the famed affluent beach enclave. Spanning a massive 42,000 square feet, they bought it from Bill Bell, who’s one of the world’s largest art collectors. Images of the new home can be found on many pages dedicated to Ando’s work, if you use the keywords Bell and Malibu. Be sure you are looking at the right one, because Ando built another beachside Malibu home for financier Richard Sachs in 2013, which was purchased in 2021 by Kanye West for $57.3 million.

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A Bel Air mansion by McClean that sold for just shy of $30 million in 2012. A Beverly Hills home features the terracing and glass walls common to McClean’s projects. His first Bird Streets home, on Blue Jay Way, was purchased by Aviici in 2014. A view of McClean’s first Bird Streets mansion, which sold for $10 million in 2009. A rare look at the entrance of the $120 million Bel-Air home purchased by Jay-Z and Beyoncé, which boasts bulletproof windows and a helipad. Beyoncé Knowles and Jay-Z are known for breaking records, and now, they’ve broken the record for purchasing the most expensive home in California’s history.

Beyoncé and Jay-Z Join the $100 Million Home Club

Beyoncé and Jay-Z reportedly just bought a house that—between the price, the size, and the world-class architectural pedigree—would break any design lover’s soul. In May 2023, Beyoncé and husband Jay-Z purchased a $200 million dollar Malibu home overlooking the Pacific Ocean, inking the most expensive real estate deal in California history, according to TMZ. The colossal concrete compound sits on 8 acres of pristine land off the Southern California coast and has its own private beach, swimming pool, and a water feature in addition to the 40,000 square foot residence. The music industry power couple’s new home is also the second most pricy real estate purchase in the United States. The penthouse at 220 Central Park South cost Kenneth Griffin, founder and CEO of Citadel, $238 million in 2019. There is a really, really good Italian ice vendor just steps away from Griffin’s pad.

Jay-Z and Beyoncé drop $200 million on Malibu mansion, setting a record in California

Plus, it seems the Knowles-Carters got a bit of a deal on the home, originally listed for an eye-watering $295 million. Beyoncé, who’s on track to net $2 billion from her international Renaissance tour alone, has yet to announce the family’s move-in date. The $200 million dollar property was designed by Japanese master architect Tadao Ando. Ando is also the architect behind Kanye West’s $57.3 Malibu home, which he purchased in 2021 amid his divorce proceedings with billionaire ex-wife, Kim Kardashian. Jay-Z and Beyoncé just shattered California’s price record, paying $200 million for a striking concrete compound overlooking the ocean in Malibu, according to TMZ. Commissioned by soap opera legends William and Maria Bell in 1999, the structure was designed by the Japanese architect Tadao Ando.

“Opus,” a Trousdale mansion originally listed for $100 million and developed by Niami and designed by McLean, is now $85 million. Has passed several anti-“mansionization” ordinances, some which restrict a home’s size based on the percentage of its lot it occupies. Residents of Bel Air even formed a homeowners alliance to dissuade the development of mega-properties such as “The One,” which is three times the size of the Taj Mahal. And naturally, local realtors and architects have resorted to name-calling, many referring to McClean as the dreaded developer-architect.

The couple also call a US$88 million Bel-Air mansion their home

The address sold in 2005 for $2.6 million; in 2009, after McClean’s work, it went for $10 million. “That made people take notice of the house.” A slew of requests for projects in the area began, and they’ve never really stopped. His office of no more than a dozen people is still based in Orange County, in the retro downtown of the city of Orange, and now designs around a dozen homes a year. Nearly all are in Southern California, most between 4,000 and 12,000 square feet.

beyonce jay z new house

The eye-watering price tag makes the house the most expensive property ever to be sold in the state of California, dethroning a Malibu estate bought by venture capitalist Marc Andreessen for $177 million in 2021. Ando, who also designed Kanye West’s Malibu beachfront home, built the digs in collaboration with award-winning architect (and protégé) Kulapat Yantrasast, who runs the firm WHY out of New York and Los Angeles. Beyoncé and Jay Z’s private collection is extensive, including works from Damien Hirst, Jeff Koons, Mark Rothko, and a Tiffany-blue Basquiat. Because the home was listed privately, it’s not known how many bedrooms and bathrooms are inside or the types of amenities—but we can only imagine the home’s features are fit for the couple’s extravagant tastes. The calming retreat is both simple and tranquil—surely a respite from both of the musician’s busy lifestyle. Knowles is currently in Europe on her Renaissance World Tour, which is estimated to rake in nearly $2 billion.

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An ‘unbelievable deal’? The $200m mansion reportedly bought by Beyoncé and Jay Z - The Guardian

An ‘unbelievable deal’? The $200m mansion reportedly bought by Beyoncé and Jay Z.

Posted: Fri, 02 Jun 2023 07:00:00 GMT [source]

Aerial images reveal ample parking space outdoors in addition to a garage, which means the celebrity couple’s alleged US$29 million convertible Rolls-Royce will have a commodious parking to itself. The big difference — West's property sits right on the busy highway, sandwiched between other homes in one of Malibu's densest areas. Morley Construction's website shows photos of the home's exterior, which took 7,645 cubic yards of concrete to erect. In 2017, they bought a Bel-Air mansion for $88 million, and invested millions more into the home for it to be worth close to $100 million today. The “Opus” property features a basement-level pool, billiards room, champagne room, wine room, and a movie theater. Originally listed for $100 million, this Trousdale mansion is now $85 million.

Dirt reported that the purchase was even more eye-watering — Mr. Spiegel also snapped up a $25 million parcel next door, bringing to total value to $145 million. Beyoncé and Jay-Z, who have bought and sold multimillion-dollar homes in Miami, New Orleans and the Hamptons, are now in a rarefied club of celebrities who own properties worth $100 million or more. It is the work of renowned Japanese architect Tadao Ando, who collaborated with LA-based Why Architects to deliver the billionaire family a dream home. Commissioned in the late 1990s, this contemporary design took nearly 15 years to plan and build.

Times, Bell purchased the property in the late 1990s for $14.5 million and enlisted Ando to create a modernist glass-and-concrete structure. He’s considered one of the biggest art collectors in the world, with numerous works of art by Jeff Koons, Andy Warhol, Damien Hirst, Marcel Duchamp, and many more. Although Beyoncé is currently on the first leg of her widely popular Renaissance World Tour, it didn’t stop her from selecting her newest home. The power couple snagged the record from their new neighbor, venture capitalist Marc Andreessen, who bought his home next door for a staggering $177 million in 2021. The Knowles-Carter estate in Malibu was designed by the self-taught Pritzker Prize-winning Japanese architect Tadao Ando, best known in the U.S. for building the Fort Worth Modern Art Museum. Even though Jay-Z’s 2009 hit “Empire State of Mind” referenced a “stash spot” at 560 State Street, an address in Brooklyn’s Boerum Hill neighborhood, the rapper’s first big real estate purchase was actually in Lower Manhattan.

The couple recently paid a whopping $200 million for the estate, located on a bluff overlooking the Pacific Ocean in Malibu's Paradise Cove — AKA Billionaire's Row. The pair also famously rented a home in nearby Wainscott, located just off Georgica Pond, with friend and Roc-A-Fella Records CEO Damon Dash for two weekends that July. “I felt like a little kid in a big haunted house there,” Jay-Z told New York magazine at the time. The Italianate stucco house sat on 8.5 acres and featured an indoor-outdoor pool and a 120-seat screening room, which was used for an intimate yet star-studded premiere of End of Watch starring Jake Gyllenhaal. Celebrities like Madonna and Jennifer Lopez have also been known to rent the property. According to Morley Construction Co., the project's contractor, design qualities include a water feature and a pool while utilizing 7,645 cubic yards of concrete.

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