Beyoncé and Jay-Z buy new $200 million Malibu mansion

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• Oprah Winfrey $100 million estate Montecito
• The Breville Touch Espresso Machine is BACK at its lowest price of the year on Amazon
• Beyoncé and Jay-Z Drop $200 Million on Malibu Home
• The best of Artnet News in your inbox
• ‘We expect Powell to make a hawkish pivot’—Fed meeting to headline busy week for global markets
• Jay-Z and Beyoncé Purchase the Most Expensive Home in California History
• Bar-Bey Just Bought a Malibu Dream House With Jay-Z
• Kelly Ripa Gushes Over Nicholas Galitzine On ‘Live’ With Husband And Co-Host Mark Consuelos Gone: “He’s Cute”

Apparently that’s the biggest real estate transaction in California history, smashing the previous record of $177 million. It’s also the second most expensive home real estate deal in US history — behind only a $238 million transaction for a property in New York City. The concrete compound, which overlooks the Pacific Ocean, naturally comes with a swimming pool, and sits on eight acres of land. Designed by famed Japanese architect Tadao Ando, the property was commissioned and owned by soap opera veterans turned renowned art collectors William and Maria Bell, with the project reportedly taking 15 years to complete.

Oprah Winfrey $100 million estate Montecito

Couple all that with “sleek and sexy exteriors,” and it’s a recipe for record prices. This investment reportedly is also the second most expensive real estate contract in the country, as a New York City apartment was previously sold for $238 million. The 30,000-square-foot Malibu property was designed by Japanese master architect Tadao Ando, who also created Kanye West’s $57.3 million mansion he acquired during his divorce from Kim Kardashian. A representative for Beyoncé did not immediately comment on the reports about the mansion purchase. Kurt Rappaport, the Malibu “alpha agent” who reportedly arranged the record-breaking $200m sale, has previously worked with Tom Cruise, Brad Pitt and Ellen DeGeneres. With its steep green cliffs overlooking the Pacific Ocean, Malibu is a top contender in America’s ultra-luxury real estate market.

How Dr. Christmas Decorated Beyoncé and JAY-Z's House in Just Three Days - The Economic Times

How Dr. Christmas Decorated Beyoncé and JAY-Z's House in Just Three Days.

Posted: Sat, 23 Dec 2023 08:00:00 GMT [source]

The Breville Touch Espresso Machine is BACK at its lowest price of the year on Amazon

“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.

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

Beyoncé and Jay-Z’s latest property purchase adds to a luxury property portfolio that includes a $100 million Bel Air mansion, which the couple are reportedly holding on to alongside their new Malibu home. 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. Superstar couple Beyoncé and Jay-Z smashed a real estate record with the purchase of their new Malibu home. 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. Plus, it seems the Knowles-Carters got a bit of a deal on the home, originally listed for an eye-watering $295 million.

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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. (Peanuts compared to what Beyoncé and Jay-Z paid.) The 4,000-square-foot home is reportedly in a state of disrepair right now, with unfinished remodeling projects dragging on.

‘We expect Powell to make a hawkish pivot’—Fed meeting to headline busy week for global markets

Dr. Christmas Reveals How He Decorated Beyoncé and JAY-Z's House in Three Days With a 'Christmas in Africa' Theme - PEOPLE

Dr. Christmas Reveals How He Decorated Beyoncé and JAY-Z's House in Three Days With a 'Christmas in Africa' Theme.

Posted: Sat, 23 Dec 2023 08:00:00 GMT [source]

The couple just paid $200 million for a nearly 40,000-square-foot, eight-acre property in Malibu that daytime television producer William Bell and his wife Maria commissioned from Ando in 1999. After building the architect’s vision 15 years later, the Bells used it as both a home and gallery for their famed art collection, most notably their collection of Jeff Koons. The pair reportedly had a secret viewing of the 57,000-square-foot, French chateau-style home. The house currently belongs to British Formula 1 heiress Petra Ecclestone and her husband, billionaire businessman James Stunt, who purchased it for $85 million in the summer of 2011, according to W Magazine. Incredibly, Beyoncé and JAY-Z actually got something of a deal, as the property was originally listed for $295 million. But with a combined net worth of $2.5 billion, the power couple likely had no problem securing a mortgage.

Though he works on a grand scale, McClean isn’t interested in hotels or commercial projects. He grew up outside Dublin to working-class parents, in a row house around 600 square feet—about the size of many of the his-and-hers bathrooms he designs today. Around age four, he became fascinated with houses; at his local and school library he discovered Frank Lloyd Wright, Rudolph Schindler, and Richard Neutra as well as Frank Israel.

Beyonce and JAY-Z have finally found a home in Los Angeles after house hunting for two years. The couple paid $88 million for their Bel Air mansion, a source confirms to PEOPLE. On Thursday, the Wall Street Journal reported that homes designed by Ando — who’s based in Osaka, Japan — are supremely rare with a cult following. Newly popular among the A-list set, with clientele also including Kim Kardashian and her ex-husband Kanye West, there are fewer than 20 Ando-designed residences in the US. But that doesn’t mean social-media users are altogether impressed by the look of the property, which was designed by the 81-year-old Tadao Ando — a Pritzker Prize-winning architect who’s among one of the discipline’s most respected names. Originally listed for $100 million, “Opus,” a Trousdale mansion developed by Niami and designed by McClean, is now $85 million.

For the design, he brought in Japanese architect Tadao Ando, a Pritzker Prize winner responsible for impressive concrete structures across Asia, Europe and North America. In addition to their new mansion, the couple also owns homes in Lower Manhattan, the TriBeCa loft, where they shared their nuptials and an $88 million mansion in the Bel Air section of Los Angeles. There are also rumors that the Carters own a mansion in New Orleans, as they listed it for sale and took it off the market in 2021.

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.

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.

This makes it the most expensive purchase for a private residence in California. "Beyoncé and Jay Z seem serious about living in L.A. full time," the insider said, adding that the parents are currently touring private kindergartens for Blue, 5, in Los Angeles. Since the arrival of their twins, Rumi and Sir in June, the family has been making their newest members feel at home in a stunning Malibu rental house. A real estate source confirms to PEOPLE that the couple rented the 10-bed, 14-bath villa — which rents for $400,000 a month, fully furnished — earlier this summer. The Carters have been renting a series of luxury properties while house hunting since they made the move west from New York City in 2015, but have struggled to find a suitable home, even with a budget of $100 million.