A mansion in a prestigious neighborhood of Malibu that spans 30,000 square feet and was built by Jay-Z and Beyoncé at a cost of a small fortune is one of the most impressive examples of American architecture.
It has been reported that the couple paid a total of $200 million for the property, making it the most expensive residence that has ever been purchased in the state of California. Prior to this, the record stood at $177 million.
The purchase of a condominium in Manhattan for $238 million makes this transaction the most expensive residential real estate transaction ever completed in the United States.
They actually received a fantastic deal because the house was covertly listed for a staggering $295 M.
The home is located in the Paradise Cove neighborhood, sometimes known as Billionaires’ Row, on an 8-acre cliff with a view of the Pacific Ocean.
It is a masterpiece in terms of architecture and was designed by the Japanese master architect Tadao Ando, who is also designing the property in Malibu that Kanye West just recently purchased. This home is a must-see for everyone interested in the built environment.
William Bell, one of the most influential art collectors in the world, owned the property and was responsible for its construction. He was also responsible for designing the home. Bell invested around fifteen years into the construction of the structure, which was made completely of concrete and was designed by Bell.
This property represents the couple’s second sizeable investment in local real estate and is their primary dwelling.
We are aware of their activities in the greater Los Angeles area; in 2017, they purchased a home in Bel-Air, California, for the price of $88 million, and they subsequently boosted the worth of the property by an additional $10 million.
Mega-celebrity real estate agent Kurt Rappaport represented both the buyer and the seller in this transaction. Our request for a reply from his administration has not been met with a response as of yet.