Dedicated locality research platform
Dedicated locality research platform
Enter your email address and you will receive
a link to reset your password
The real estate industry is in awe as Beyoncé and Jay-Z have made a remarkable acquisition in Malibu, causing widespread amazement. The highly impressive duo allegedly spent a staggering sum of $200 million to acquire a magnificent mansion by the sea, reaffirming their position as the most powerful figures among the elite in the entertainment industry.
As reported by TMZ, the astonishing cost of this property renders it the priciest residence ever sold in California and the second highest-priced in the entire nation.
This breath-taking architectural wonder spans over a vast expanse of 30,000 square feet and majestically sits atop an 8-acre hillside, providing stunning views of the glistening Pacific Ocean. Tadao Ando, a celebrated Japanese architect, has created a property that perfectly showcases his exceptional creativity and skilful craftsmanship. The previous owner, William Bell, dedicated a span of 15 years to constructing a meticulously crafted all-concrete edifice that magnifies the grandiose appeal of this spectacular dwelling and endows it with an exclusive aura of luxury and prestige.
The Malibu mansion is situated in the highly sought-after Paradise Cove region, also commonly referred to as "Billionaires' Row," and is unmatched in location. The expansive property showcases stunning, sweeping views of the ocean, resulting in a tranquil and stunning environment that is ideal for the aristocracy. It is not surprising that Beyoncé and Jay-Z were attracted to this magnificent architectural masterpiece.
The house is an exquisite example of minimalism, an innovative blend of glass and concrete with a modern edge. The mansion is equipped with a full range of amenities, including eight bedrooms, eleven bathrooms, four swimming pools, a basketball court, a recording studio, a spa, and a paddle tennis court. The concrete hallways and floor-to-ceiling glass walls of the L-shaped structure led to expansive open spaces. At the rear of the property, there are patios that provide access to a pool area, a cabana, and a level piece of land covered in grass, elevated on a cliff with a view of the shoreline beneath.
The hip-hop power couple has previously made a significant impact in the real estate industry on multiple occasions. Their acquisition of a luxurious estate in Bel-Air for a staggering $88 million grabbed significant media attention in 2017. Unsatisfied with the magnificence of their recently acquired dwelling, they invested additional millions in refurbishments, elevating the worth of the estate above the $100 million benchmark.
The renowned real estate agent Kurt Rappaport masterminded the prestigious acquisition, acting on behalf of both parties involved in this historic deal. As Rappaport's announcement is still pending, the buzz about Beyoncé and Jay-Z's recent acquisition of luxurious real estate continues to cause a stir on social media, prompting admiration and amazement among their fans and professionals over their lavish living standards.
Propscience is India’s dedicated property news portal. We cover the latest events, news, trends, deals, new launches and more.
All our services and tools are completely free of cost and available 24X7!
