Malibu just got some new neighbors – Beyoncé and Jay-Z moving in.
The star-studded couple known for making headlines and awe-struck fans has done it again. They apparently bought a new home in Malibu for the hefty price tag of $200 million, according to architectural digest And TMZ.
The massive purchase became the most expensive private California residence ever purchased and the second most expensive in the country after the Central Park penthouse that Kenneth Griffin, founder and CEO of Citadel, bought for $238 million in 2019. According to the LA Times.
the The house is designed For Japanese architect Tadao Ando who has designed other properties for celebrities including Kanye West. Kurt rappaport from Westside Real Estate Agency He was the middleman who helped close the deal.
Rappaport has also worked with other famous clients, including Dr. Dre, Bono, Madonna, Ellen DeGeneres, Ryan Seacrest, Brad Pitt, Tom Brady, Gisele Bundchen, and Tom Cruise, according to his bio.
The home was originally built by TV series legends William and Maria Bell in 1999. It took them about 15 years to complete the concrete mansion that sits right on the coast of Southern California. The house was sold by one of Bell’s sons, Bill Bell Jr.
This sprawling estate spans over 40,000 square feet and has its own private beach.
The new deal broke the record for $177 million in 2021 netscape co-founder Marc Andreessen’s $177 million plot of land, also in Malibu, according to Architectural Digest. Andreeseen’s purchase broke Jeff Bezo’s record for the $160 million Beverly Hills home he bought in 2020, according to the Times.
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