Beyoncé and Jay-Z Just Bought the Most Expensive House Ever in California

Table Of Content

• Drake wants $88 million for Beverly Crest mega-mansion he bought last year for $75 million
• Beyoncé and Jay-Z Drop $200 Million on Malibu Home
• Inside ultrarich home shopping: Celeb architects, all-cash whisper deals, and the hunt for more, more, more.
• Former Google CEO Eric Schmidt Is Selling His Silicon Valley Estate for $24.5 Million
• Brittany Mahomes trades cutout dress for $1,320 crystal-covered jeans after husband Patrick's charity gala

The couple reportedly paid cash for the 40,000-square-foot concrete mansion by the Japanese architect. McClean landed first in Orange Country in the 1990s, not exactly the time or place for architectural innovation. In 2000, he designed a house in Laguna Beach, and began picking up local clients. He cut his teeth in an area with an active design board, where any development requires a public presentation. The experience likely prepared McClean for dealing with L.A.’s lengthy approvals processes, which can take as long as building a house, as well as its high-profile clientele.

Drake wants $88 million for Beverly Crest mega-mansion he bought last year for $75 million

Originally designed for a client who ran into money trouble, it became an accidental spec. This house, on Blue Jay Way, was McClean's first Bird Streets home, and was purchased by Aviici in 2014. Inside the Bird Streets mansion purchased by Calvin Klein for $25 million in 2015. “Beyoncé now literally owns a house in the shape of her favorite number & the most expensive house ever sold.

Jay-Z calls out Grammys for snubbing Beyoncé in acceptance speech: "We want y'all to get it right" - CBS News

Jay-Z calls out Grammys for snubbing Beyoncé in acceptance speech: "We want y'all to get it right".

Posted: Mon, 05 Feb 2024 08:00:00 GMT [source]

Beyoncé and Jay-Z Drop $200 Million on Malibu Home

The historic deal redefines the luxury market in Southern California, which has slowed down so far this year in the wake of the red-hot pandemic housing market. It also marks another feather in the cap for the affluent enclave of Paradise Cove, which has emerged as one of the most valuable stretches of land in the entire country. Rumors about the property have swirled for years, with several Reddit users likening the monolithic design to a supervillain’s lair. Instead, it was quietly offered at $295 million as a pocket listing, which means it was shown only to a select group of qualified buyers. Ando is currently designing a home with Kanye West, The Daily Mail reported, though the project has stalled and fallen into disrepair.

Inside ultrarich home shopping: Celeb architects, all-cash whisper deals, and the hunt for more, more, more.

Per TMZ, Beyoncé and Jay-Z recently paid $200 million for a Malibu mansion, which makes it the most expensive home to ever be sold in California. According to the Los Angeles Times, their new L-shaped property is a minimalist combination of concrete and glass designed by award-winning architect Tadao Ando. The mansion reportedly spans almost 40,000 square feet, and the Carters will be able to enjoy outdoor patios that lead to a swimming pool, cabana, and a lawn with a cliff view of the Pacific Ocean. Per W Magazine, the massive property was originally built for noted art collectors Maria and William Bell, with construction taking 15 years. Let’s just hope that the floor plan doesn’t include a secret underground bunker fit for a Parasite. Knowles and Jay-Z, who’s real name is Shawn Carter, purchased a sprawling $200 million Malibu, California estate.

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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. A Midwestern boy at heart, he was raised in St. Louis and studied journalism at the University of Missouri. Before joining The Times as an intern in 2017, he wrote for the Columbia Missourian and Politico Europe. 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.

California’s Paradise Cove fortress is America’s most expensive property after record-shattering $200m sal... - The US Sun

California’s Paradise Cove fortress is America’s most expensive property after record-shattering $200m sal....

Posted: Tue, 27 Feb 2024 08:00:00 GMT [source]

Given that the Knowles-Carter couple amassed their fortune in no small part through Jay-Z’s investment in blue-chip artists like Warhol and Basquiat, the property offers ample room to let their own collection shine. The mega-mansion spans nearly 40,000 square feet and required 7,645 cubic yards of concrete, according to Morley Construction Co., the project’s contractor. The hip-hop power couple stole the record from their new neighbor, billionaire venture capitalist Marc Andreessen, who paid $177 million for the home right next door in 2021. In the last few months, the stars have reportedly toured several notable properties in their desired neighborhoods of Beverly Hills, Bel Air and Holmby Hills, including the Aaron Spelling mansion.

Brittany Mahomes trades cutout dress for $1,320 crystal-covered jeans after husband Patrick's charity gala

But homeowners in exclusive enclaves like these don’t like change, especially 30,000 square feet of it. McClean’s homes come with fantastic views, and, like the classic midcentury L.A. The owners of these homes can certainly see you, though you can’t see them. A McClean could easily appear in leveled celebrity enclaves like barren Calabasas or the flats of Beverly Hills, but that’s not where you will find them.

Jay-Z and Beyoncé’s 30,000-square-foot compound also features a minimal design and multiple pools. My next stop with McClean is a secluded stretch known as Billionaire’s Row, in the hillside Beverly Hills micro-neighborhood of Trousdale. Here, one is as likely to see a vintage Thunderbird or a house with a crest—or, for that matter, a McClean—as a human being.

In 2017, they shelled out $88 million for an impressive Bel-Air pad, and they also own homes in New York City and the Hamptons. The Carters’ recent purchase surpassed the former record of a $177 million Malibu compound purchased by billionaire Marc Andreessen in 2021, TMZ reported. Still, however, the most expensive sale in the nation still belongs to billionaire hedge-fund manager Ken Griffin, who purchased a New York City penthouse for $238 million. The compound is made up of six structures with approximately 30,000 square feet of interior space.

Its rise in the rankings of the favorite spots of the super-rich was solidified again in past weeks, with reports that Beyoncé and Jay-Z purchased a 40,000 sq ft oceanfront mansion in the coastal enclave. Celebrity real estate agent Kurt Rappaport, who reportedly brokered the deal, did not immediately respond to Fortune’s request for comment. According to TMZ, Beyoncé and Jay-Z secured their Malibu property for $95 million under the asking price.

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. Beyoncé and Jay-Z have just bought a new home, according to TMZ and Architectural Digest. The digs, boasting 30,000 square feet along the Pacific Ocean in Malibu, cost the couple $200 million.

The home was also designed and built by art collector, William Bell, who spent almost 15 years creating the all-concrete mansion. Not only does the home feature what appears to be multiple pools, but it also boasts a massive driveway for plenty of cars. When it comes to living a lavish lifestyle, Beyonce, 41, is no stranger!

They are nestled in the mountains of the Hollywood Hills and Bel Air, where large-scale construction is notoriously difficult for about a hundred reasons. McClean designs for people who want both understatement and ostentatiousness—taste and tastelessness in the same package. His clients want the clean lines of Richard Neutra, but with a hair salon on site, please. The all-concrete home was previously owned by art collector William Bell and took him 15 years to build, per the outlet. According to TMZ, the pair has splashed out $200 million for a sprawling mansion designed by Pritzker prize–winning architect Tadao Ando perched amid the star-studded bluffs in Malibu, California.