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Beyonce and Jay-Z Shatter Record for Most Expensive House Purchased in California with $200 Million Malibu Mansion

Power couple Jay-Z and Beyoncé just bought one of the greatest architectural masterpieces in California a 30,000-square-foot home.

The couple paid $200 million (Dh734.46 million) for the property, making it the most expensive home ever sold in the entire state of California, real estate sources said. That eclipses the previous record of $177 million (Dh650 million).

It is also the second most expensive real estate deal in the country, with the top spot being a whopping $238 million for an NYC apartment.

Beyonce is currently on the European leg of her Renaissance World Tour 2023. Ahead of the release of Renaissance, Beyonce took to her Instagram account and said that the album gave her ‘a place to dream and to find escape during a scary time for the world.’

“Creating this album allowed me a place to dream and to find escape during a scary time for the world.”

Beyonce wrote

“It allowed me to feel free and adventurous in a time when little else was moving. My intention was to create a safe place, a place without judgment. A place to be free of perfectionism and overthinking.”

“A place to scream, release, feel freedom. It was a beautiful journey of exploration. I hope you find joy in this music. I hope it inspires you to release the wiggle. Ha! And to feel as unique, strong, and sexy as you are.”

Designed by Japanese master architect Tadao Ando, the house was listed for a whopping $295 million but the Grammy Award-winning duo managed to get it reduced by $95 million.

Ando is also designing rapper Kanye West’s house in Malibu. Beyoncé and Jay-Z’s new home overlooks the Pacific Ocean in the Paradise Cove area which is also known as the Billionaires’ Row. Known as an architectural jewel, the house sits on an 8-acre bluff.

The house was owned and built by William Bell, one of the biggest art collectors in the world. It took Bell almost 15 years to build the all-concrete structure.

According to Los Angeles Times, the L-shaped mansion features open spaces and lawns with a view of the scenic beach along with floor-to-ceiling glass walls and concrete hallways. You will also find a swimming pool and cabana inside the gorgeous property.

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Written by Darnell Simmons

Investigative Journalist, social analysis