JAY-Z and Beyoncé have reportedly purchased the most expensive home ever sold in the entire state of California for $200 million.
TMZ broke the news today (May 19). The couple's new 30,000-square-foot beachfront property is located in Malibu and sits on 8-acres of land that looks over the Pacific Ocean. The house was designed by Japanese master architect, Tadao Ando, who is also designing the house that Kanye West bought in Malibu.
It was previously owned and built by William Bell, who is one of the biggest art collectors in the world. It took him almost 15 years to build the all-concrete structure. The alleged history-making house is also the second most expensive real estate deal in the U.S. with TMZ citing the first being a $238 million NYC apartment.
Apparently, this is JAY-Z and Beyoncé's second huge real estate purchase in the Los Angeles area. Back in 2017, they purchased a mansion in Bel-Air for $88 million.