The couple reportedly bought the property for $200 million.

<a href="https://www.lofficielusa.com/fashion/beyonce-best-on-stage-fashion-looks-tour" target="_blank" rel="noopener">Beyonc&eacute;</a> and <a href="https://www.lofficielusa.com/pop-culture/beyonce-jay-z-dating-history-in-photos" target="_blank" rel="noopener">Jay-Z</a> continue to live like royalty. On Friday, an anonymous real estate source <a href="https://www.tmz.com/2023/05/19/jay-z-beyonce-home-purchase-malibu-record-breaking-mansion/" target="_blank" rel="noopener">told celebrity news site TMZ</a> that the couple bought a Malibu property on the market for $200 million. The architectural estate was officially confirmed as the <a href="https://www.lofficielusa.com/travel-living/most-expensive-mansion-in-the-world-los-angeles-selling-295-million-dollars" target="_blank" rel="noopener">most expensive home</a> ever sold in the state of California &mdash; a home that now belongs to the Knowles-Carter.

The massive 8-acre property spans 30,000 square feet, overlooking the Pacific Ocean. It was designed by Japanese architect Tadao Ando and was built by renowned art collector William Bell &mdash; a project that took 15 years to complete. While the celebrity couple paid $200 million for the mansion, they actually paid significantly less than its original price of $295 million.
Their transaction surpasses the previous record-breaking California home sale of $177 million and is the second most expensive real estate deal in the country, only behind a $238 million New York City apartment. This marks <a href="https://www.lofficielusa.com/fashion/beyonce-jay-z-tiffany-and-co-about-love-campaign-fall-winter-2021" target="_blank" rel="noopener">Beyonc&eacute; and Jay-Z</a>'s second mansion in the Los Angeles area, as the couple bought a Bel-Air <a href="https://www.lofficielusa.com/travel-living/prince-harry-meghan-markle-montecito-mansion-on-sale-33-million" target="_blank" rel="noopener">mansion</a> for $88 million back in 2017.

The finalized purchase comes during an already-busy time for the couple, specifically for <a href="https://www.lofficielusa.com/beauty/beyonce-new-hair-care-line-products-brand" target="_blank" rel="noopener">Beyonc&eacute;</a>. The singer is in the opening leg of her <a href="https://www.lofficielusa.com/fashion/beyonce-renaissance-tour-fashion-looks-couture" target="_blank" rel="noopener">Renaissance World Tour</a>, where she's made continuous headlines since opening night. The rave reviews praise numerous elements, from her unbelievable vocals to her <a href="https://www.lofficielusa.com/music/beyonce-renaissance-tour-fashion-looks" target="_blank" rel="noopener">custom couture fashion looks</a>.&nbsp;
With the tour not wrapping up until well into the fall, it may be a few months until the family is able to comfortably enjoy their new estate.

Beyoncé and Jay-Z Purchase California's Most Expensive Home

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