Tuesday, May 7, 2024

Jay-Z & Beyonce Buy $200 Million Malibu Beach House: Photos

jay z new house

With daughter Blue Ivy, 5, starting school this fall and two new family members keeping the superstars focussed on home life, it's not likely Queen B and her king will be leaving this gorgeous castle any time soon. Beyoncé and Jay-Z certainly made jaws drop last week when news broke that the pair splashed out a cool $200 million to purchase a luxe home in Malibu — breaking a California home sale record in the process. The “Opus” property features a basement-level pool, billiards room, champagne room, wine room, and a movie theater. Originally listed for $100 million, this Trousdale mansion is now $85 million. The Bird Streets mansion purchased by Calvin Klein for $25 million in 2015. In 2008, his first home in the Bird Streets came on the market, on Blue Jay Way.

jay z new house

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Beyoncé, who’s on track to net $2 billion from her international Renaissance tour alone, has yet to announce the family’s move-in date. Beyoncé and Jay Z’s private collection is extensive, including works from Damien Hirst, Jeff Koons, Mark Rothko, and a Tiffany-blue Basquiat. If anyone wants to outdo Beyoncé and Jay-Z’s buy, though, they’ll have to compete with more than price alone. The all-concrete home centers on sweeping windows harmonizing artificial and natural light—all the better to drink in those multimillion-dollar views, while still lending the home’s sleek lines that signature Ando buoyancy. Azure pools (plural) punctuate the outdoor space, with access to a private beach.

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jay z new house

Amid Beyonce's 'Renaissance' world tour, the songstress & her husband, Jay-Z, reportedly purchased the second most expensive home in the country on May 19. On Reddit, a thread about the mysterious property concluded that “every Malibu mansion looks like a supervillain lair”. The mansion been described as “massive”, “minimalist” and “echoey”, and reportedly includes both a pool and a “water feature”, as well as an award-winning concrete driveway.

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The WhatsApp CEO, Jan Koum, bought two adjoining properties for a combined $187m, while Marc Andreessen owns three different Malibu homes with a total value of $255.5m. The seller is renowned art collector William Bell, son of the creator of American soap operas The Young and the Restless and The Bold and the Beautiful. Bell, who bought the property in 2003 at $14.5 million, spent over 15 years completing the 30,000 square feet compound–designed to showcase his legendary art collection. The new Knowles-Carter estate in Malibu was designed by the self-taught Pritzker Prize-winning Japanese architect Tadao Ando, best known in the U.S. for building the Modern Art Museum of Fort Worth. The home was created for Bill Bell Jr., an heir to a soap opera fortune.

Ando, the architect, is a Pritzker prize winner, whose exposed concrete and glass homes have become status symbols for American superstars. Kim Kardashian announced earlier this spring that she was working on a “dream project” with Ando, and in 2021 Kanye West reportedly purchased a comparatively modest beachfront Malibu home designed by Ando for $57.3m. The house is a minimalist masterpiece, a modern concoction of concrete and glass envisioned by art collector William Bell, who bought the property for $14.5 million in 2003.

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Niami was formerly a movie producer, and “Opus” can feel like a tentpole movie set. In a three-minute trailer on the Opus website, a woman wearing a VR headset writhes awake in the indoor-outdoor master bedroom, as glittery, gold-masked women join her for a bacchanalia of champagne, skinny dipping, and light foreplay. For developers selling a lifestyle, McClean’s designs offer the correct canvas to play with. A rare look at the entrance of the $120 million Bel-Air home purchased by Jay-Z and Beyoncé, which boasts bulletproof windows and a helipad. Reps for the singers did not immediately return our request for comment.

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New York City still holds the record for the most expensive home in the United States, a $238m penthouse apartment overlooking Central Park. But California has been repeatedly breaking its own records in recent years. Supplanting their new neighbor, the Knowles-Carters’ nine-figure closing now takes the cake as the second-most expensive home purchase in American history (the top being $238 million for an NYC apartment). Beyoncé and Jay-Z are the latest to shell out an exorbitant sum of straight cash for one of the Pritzker Prize-winning architect’s few residences in the United States. Kurt Rappaport of Westside Estate Agency handled both ends of the deal, TMZ reported. The brothers also co-created HBO’s “Room 104” and co-wrote and directed feature films like “Baghead” and “Jeff, Who Lives at Home” among several other collaborations.

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Just this year, she claimed the title for the most Grammy wins of all time. His style is on full display here, as the L-shaped mansion opens to vast, open spaces marked by concrete hallways and floor-to-ceiling walls of glass. Out back, patios lead to a swimming pool, cabana and a flat, grassy lawn perched on a cliff overlooking the beach below. Kurt Rappaport, the celebrity real estate agent who represented the Carters as well as the Bells in the sale, did not immediately respond to Insider's request for comment.

Beyoncé and Jay-Z made biggest real estate move in 2023 among musicians, study finds - Yahoo New Zealand News

Beyoncé and Jay-Z made biggest real estate move in 2023 among musicians, study finds.

Posted: Thu, 07 Mar 2024 08:00:00 GMT [source]

We’re sure the 32-time award-winning Grammy artist looks forward to returning to sunny Los Angeles to luxuriate at her new mansion with her family. The media mogul, actress and philanthropist reportedly paid $52 million for her Montecito mansion, which covers 23,000 square feet and sits on 70 landscaped acres. It is now worth significantly more — its 2022 assessment record in Santa Barbara County put the home’s value at more than $100 million, with taxes alone topping $1 million.

While she is busy touring across the globe for her Renaissance tour, the “Single Ladies” hitmaker and her husband, Jay-Z, 53, reportedly purchased a mansion in Malibu for a whopping $200 million, TMZ reported on May 19. The luxurious 30,000-square-foot property is located on an eight-acre bluff that looks over the Pacific Ocean. Beyoncé and Jay-Z reportedly just bought a house that—between the price, the size, and the world-class architectural pedigree—would break any design lover’s soul. In May 2023, Beyoncé and husband Jay-Z purchased a $200 million dollar Malibu home overlooking the Pacific Ocean, inking the most expensive real estate deal in California history, according to TMZ.

Prince Harry and Meghan Markle are said to be regular guests, although their March 2021 bombshell interview with the talk-show queen wasn’t filmed in her backyard. McClean points out a white cluster in the mountains just east of the Getty Museum. “You probably can see it from space,” McClean says of the spec home he installed there. This particular one is asking an astonishing $500 million, making it the most expensive mansion in America (a title currently held by another Bel Air property not of his design, listed at a mere $350 million). Dubbed “The One,” the McClean house comes with a 30-car garage, a 5,000-square-foot master bedroom, and a casino, among other features that balloon it to nearly 100,000 square feet. The new Blue Jay Way home, at 8,000 square feet, is by no means the grandest of McClean’s designs, which can come with six-digit square footages and nine-digit price tags.

The broker for the deal was Kurt Rappaport of Westside Estate Agency, whose other clients include Tom Cruise, Brad Pitt, and Madonna. The family’s new SoCal spread stands on 8 acres in the famed affluent beach enclave. Spanning a massive 42,000 square feet, they bought it from Bill Bell, who’s one of the world’s largest art collectors. “[It] came on the market right around the same time that Lehmann Brothers crashed, and it sold for a lot of money,” McClean says. The address sold in 2005 for $2.6 million; in 2009, after McClean’s work, it went for $10 million.

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Jay-Z & Beyonce Buy $200 Million Malibu Beach House: Photos

Table Of Content Record deals and tax-avoidance maneuvers: Southern California’s priciest sales of 2023 Law that ended single-family zoning ...