According to TMZ, Jay-Z and Beyoncé just broke the state’s price record by buying a $200 million spectacular concrete estate with ocean views in Malibu.

A 40,000-square-foot mansion overlooks the ocean in the affluent enclave of Paradise Cove

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The Golden State’s record-breaking home purchase price. Hip-hop power couple Jay-Z and Beyoncé took the record from their new neighbour, multimillionaire entrepreneur Marc Andreessen, who purchased the home next door for $177 million in 2021.

A minimalist masterpiece made of concrete and glass, the home was designed by art collector William Bell, who acquired the property in 2003 for $14.5 million. He hired Tadao Ando, a Pritzker Prize–winning architect from Japan who has created stunning concrete structures throughout Asia, Europe, and North America, for the design.

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The L-shaped mansion opens to wide, open rooms defined by concrete passageways and floor-to-ceiling glass walls, displaying his style in all its glory. A swimming pool, cabana, and a green lawn located on a cliff overlooking the beach are all accessible from patios in the backyard.

According to the project’s constructor, Morley Construction Co., the mega-mansion is approximately 40,000 square feet in size and required 7,645 cubic yards of concrete. Few pictures exist because the house was never put on the market. Instead, it was surreptitiously listed at $295 million as a pocket listing, which meant that only a small number of qualified buyers viewed the property.

Jay-Z and Beyonce Visit London Following the Purchase

jay z beyonce

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The power couple was seen in London on Friday night after word of their big home purchase broke, shattering the previous Golden State record of $177 million. Check out these TMZ-obtained images of Jay and Bey dressed to the nines as they leave Harry’s Bar in Mayfair with their security. According to reports, they stepped into a Viano box van and were driven back to their hotel.

Published by HOLR Magazine.

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