Once Beyoncé wraps up her “Renaissance World Tour,” she’ll have a brand new home to return to—and a very luxurious one at that.
according to TMZ, Beyoncé and JAY-Z paid a record $200 million for a 30,000-square-foot home in Malibu. Apparently, it was the largest real estate deal in California history, smashing the previous record of $177 million. It’s also the second-most expensive real estate deal in U.S. history — trailing only the $238 million sale of a property in New York City.
Incredibly, Beyoncé and JAY-Z actually struck a deal, as the property was originally listed for $295 million. But with a combined net worth of $2.5 million, the powerful couple may have no problem getting a mortgage.
The house was designed by Japanese architect Tadao Ando. Art collector William Bell, its former owner, spent 15 years building the all-concrete structure. It sits on 8 acres overlooking Malibu’s Paradise Cove. Below you can view photos of the property.