The purported deal is the most expensive ever in the Golden State, hitting an amount other homes have strived for but missed…by a lot
Beyoncé and Jay-Z topped the charts over the weekend—not with a secret album drop or new date for Queen Bey’s world tour, but with news that the A-list couple had splashed out $200 million for a 40,000-square-foot mansion in Malibu, California.
Designed by Pritzker Prize-winning architect Tadao Ando, the contemporary concrete building has far-reaching views of the Pacific Ocean, plus voluminous spaces suitable for the sellers, art collector Bill and Maria Bell, according to TMZ, which first reported news of the sale. The Bells had the likes of Jeff Koons and Cy Tymbley on the walls of the waterfront residence, according to an Instagram post from Koons.
The residence was quietly listed for $295 million, according to reports. Mansion Global could not independently confirm the sale, and records were not yet public. Representatives for Beyoncé and Jay-Z did not immediately respond to a request for comment. Representatives for the Bells did not immediately respond to a request for comment.
The deal is also the most expensive home ever sold in California—though not for lack of trying—and the second-priciest residential property ever sold in the U.S., according to property records. Another Malibu estate had the record for the Golden State’s most expensive home at $177 million, records show, while the 2019 sale of a New York penthouse to billionaire Ken Griffin for $238 million is the most expensive U.S. sale on record. Kurt Rappaport of Westside Estate Agency had the listing. He did not immediately return a request for comment.
Plenty of properties have vied for the spot as the state’s most expensive home, but fallen short of the $200 million mark. For example, the One, the enormous Bel Air estate started out with an ask of nearly $300 million (and was floated around during construction for even more) but sold at auction for less than half that after the project went bust.
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