Beyoncé and husband Jay-Z have recently acquired a stunning $200 million Malibu property that boasts breathtaking views of the Pacific Ocean. This landmark purchase has now become the most expensive real estate deal in California’s history, according to TMZ.
Situated along the coveted Pacific Coast Highway in Malibu’s prestigious Paradise Cove neighborhood, this magnificent six-acre compound resides in an area often referred to as “Billionaires’ Row.” Notable residents of the zip code include Apple designer Jony Ive, Oracle CEO Larry Ellison, and venture capitalist Marc Andreessen. Previously, the highest-priced listing in the state was the extravagant $177 million estate owned by Marc Andreessen.
This remarkable acquisition has secured the second-highest spot for the most expensive home purchase in American history, with the top position held by a $238 million NYC apartment. Representing both parties in this momentous transaction was Kurt Rappaport of Westside Estate Agency.
The seller, William Bell, is a renowned art collector and the son of the creator of American soap operas The Young and the Restless and The Bold and the Beautiful. Having purchased the property in 2003 for $14.5 million, Bell dedicated over 15 years to the completion of the sprawling 30,000 square feet compound, which was designed to showcase his legendary art collection.
Of architectural significance, this residence stands out as one of the few private properties in the United States designed by the esteemed Japanese architect Tadao Ando, a recipient of the prestigious Pritzker Prize. Another notable creation of Ando is fashion designer Tom Ford’s Santa Fe ranch, Cerro Pelon, completed in 2012. Ando is widely recognized for popularizing the “haiku” effect, emphasizing the beauty of zen aestheticism and pure geometry through the use of empty space. Some of his notable non-residential works in the U.S. include the Pulitzer Arts Foundation in Missouri and the Modern Art Museum of Fort Worth.
While Ando’s minimalist aesthetic has gained popularity among celebrities, opinions within the Beyoncé fan community remain divided. Some commenters question the unconventional L-shaped design, comparing it to a corporate park in Arkansas or a shipping container home. Others express astonishment at the property’s price and speculate about the high property taxes it may incur.
Despite differing opinions on the architectural style, it is evident that Beyoncé and Jay-Z were drawn to the home’s simplistic yet art-forward design. The power couple possesses an extensive private art collection, including works by Damien Hirst, Jeff Koons, Mark Rothko, and a Tiffany-blue Basquiat.
Moreover, it seems that the Knowles-Carters secured a favorable deal on the property, as it was initially listed for a staggering $295 million. With Beyoncé’s international Renaissance tour projected to earn her $2 billion, the family has yet to announce the official move-in date.