Beyoncé and Jay-Z just bought the most expensive home in California history

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• The Roving Eye of Australian Philanthropist Naomi Milgrom and Her Latest Fascination, Collecting Pavilions
• Infamous bin Laden mansion where neighbors witnessed family airlifted after 9/11 is demolished
• Incredible drone footage shows killer whales return …
• Celebrity Homes
• Beyoncé and Jay-Z Drop $200 Million on Most Expensive Home in California History
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Jay, whose real name is Shawn Carter, and Beyoncé purchased an $88 million Bel-Air mansion back in 2017, which is now worth about $100 million due to reported changes. TMZ says the home is the second most expensive real estate deal in the U.S., only behind a $238 million New York City apartment. According to the construction company, the home features Bell’s private art collection. Beyoncé and Jay-Z continue to prove that they’re Hollywood’s most iconic couple.

The Roving Eye of Australian Philanthropist Naomi Milgrom and Her Latest Fascination, Collecting Pavilions

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. Ye wanted to completely gut the Malibu mansion—removing fixtures, windows, doors, plumbing, and electrical systems—but that renovation vision “never materialized,” according to the San Francisco Chronicle. He halted the project in November, according to The Daily Mail, after closing his building company, Yeezy Construction Inc., due to financial struggles. Art collector William Bell, its previous owner, spent 15 years building the all-concrete structure. Incredibly, Beyoncé and JAY-Z actually got something of a deal, as the property was originally listed for $295 million. But with a combined net worth of $2.5 billion, the power couple likely had no problem securing a mortgage.

Photos: Beyoncé and Jay-Z purchase $200 million Malibu mansion - Business Insider

Photos: Beyoncé and Jay-Z purchase $200 million Malibu mansion.

Posted: Sun, 21 May 2023 07:00:00 GMT [source]

Infamous bin Laden mansion where neighbors witnessed family airlifted after 9/11 is demolished

With a sale tag of $200m, the acquisition appears to break the record for the most expensive home in California. The colossal concrete compound sits on 8 acres of pristine land off the Southern California coast and has its own private beach, swimming pool, and a water feature in addition to the 40,000 square foot residence. And while it’s true that luxury home prices—and the number of transactions—are generally trending upward, we’re still experiencing a tale of two markets.

Incredible drone footage shows killer whales return …

The colossal home spans nearly eight acres and has a private beach, infinity pool that seems to stretch off into the ocean, and Zen water features. According to Dirt, more than 22,500 square feet of polished pervious concrete was used for the estate’s driveaway and motor courts alone. For the home, it’s estimated that more than 7,645 cubic yards of concrete was used. 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.

(Another being fashion designer Tom Ford’s Santa Fe ranch, Cerro Pelon, which Aldo completed in 2012.) Ando is credited with popularizing the "haiku" effect, using empty space to emphasize the beauty of zen aestheticism and pure geometry. His non-residential work in the U.S. includes the Pulitzer Arts Foundation in Missouri and the Modern Art Museum of Fort Worth. Billionaire media mogul and proprietor Rupert Murdoch earlier this month had to slash the price of his Manhattan penthouse nearly 40% to $38.5 million. And even more recently, rapper Ye, formerly known as Kanye West, cut the price of his Malibu mansion from $53 million to $39 million, a more than 26% decrease, according to a San Francisco Chronicle report.

Celebrity Homes

During her BA in English Literature and Creative Writing, she gained writing experience in the US while studying in New York. Megan also focused on travel writing during her time living in Paris, where she produced content for a French travel site. She currently lives in London with her antique typewriter and an expansive collection of houseplants.

The home was also designed and built by art collector, William Bell, who spent almost 15 years creating the all-concrete mansion. Not only does the home feature what appears to be multiple pools, but it also boasts a massive driveway for plenty of cars. The home was designed by Japanese architect Tadao Ando, who is notably also working on a house for rapper, Kanye West, 45. It is the most expensive home ever sold in the Golden State and the second most expensive in the United States, per the entertainment outlet. Bey and her man scored an amazing deal, as the Malibu property was originally listed for a staggering $295 million.

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It's also the second most expensive real estate deal in the country -- the top being $238 million for an NYC apartment. The concrete compound, which overlooks the Pacific Ocean, naturally comes with a swimming pool, and sits on eight acres of land. Designed by famed Japanese architect Tadao Ando, the property was commissioned and owned by soap opera veterans turned renowned art collectors William and Maria Bell, with the project reportedly taking 15 years to complete. The median price for a single-family home in the city has more than doubled since 2016, to nearly $7m. Some of Malibu’s new elite homeowners are now cobbling together multiple properties to build mega-luxury compounds, according to the Journal.

Jay-Z & Beyoncé Set California Record With $200 Million Malibu Mansion Purchase

Before joining The Times as an intern in 2017, he wrote for the Columbia Missourian and Politico Europe. 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. “This is the Oscars of real estate,” Alexander Ali, a public relations official, told me that night.

Though its ultra-modern minimalist design divides opinions, it is hard to deny this structure is one of the world's best homes. Commissioned by art collector William Bell in 2003, the distinct concrete residence epitomizes Tadao Ando's signature 'critical regionalism' philosophy – blending modern tradition while paying homage to the geographical and cultural context. For example, in this case, the architect has created floor-to-ceiling windows that overlook the Pacific. In addition to their new mansion, the couple also owns homes in Lower Manhattan, the TriBeCa loft, where they shared their nuptials and an $88 million mansion in the Bel Air section of Los Angeles.

Jay-Z and Beyoncé just shattered California’s price record, paying $200 million for a striking concrete compound overlooking the ocean in Malibu, according to TMZ. Commissioned by soap opera legends William and Maria Bell in 1999, the structure was designed by the Japanese architect Tadao Ando. The Bell House, as it is known by the contractors who constructed it, took 15 years to build. The original construction of the home required 1,200 tons of concrete, 200 tons of steel, and 12 pylons driven 60 feet deep into the ground, according to the Oppenheim Group.

With 6.3 acres of Pacific coast property and a more than 12,000-square-foot main house, it is admittedly huge. Guests first enter through an initial gateway to the house, before passing through a motor court surrounded by lush palm trees. Inside, double living rooms, a library, and a media center provide ample interior areas where residents can relax.

Last month, the news finally broke—Beyoncé had reportedly given birth to her two new babies. However, unlike her initial announcement, not a word about them has been heard from Bey. And finally, late last night, Rumi and Sir Carter made their Instagram debut. Overlooking the Pacific Ocean in the exclusive Paradise Cove enclave, the home was designed by the Pritzker-winning Tadao Ando, one of the world’s most respected architects. Bell took almost 15 years to build the all-concrete structure — concrete being a staple material of the architect behind the design — with nearly $100 million in loans. This monolith gets its dose of openness with floor-to-ceiling glass panels.

Amid acquiring the lavish beach-front home, Beyonce is currently in the United Kingdom for her Renaissance world tour. On May 17, she kicked off the UK leg of the tour in Cardiff and took to Instagram the next day to share a video from her performance. Many of her 309 million followers took to the comments of the clip to gush over her stunning tour outfits.