According to TMZ, this jaw-dropping price ticket makes it the costliest dwelling ever offered in California and the second costliest in all the nation.

Spanning an impressive 30,000 sq. ft and perched on an 8-acre bluff overlooking the glowing Pacific Ocean, this architectural marvel is a sight to behold. Designed by the famend Japanese grasp architect, Tadao Ando, the property is a testomony to ingenuity and refined craftsmanship. Its all-concrete construction, meticulously constructed over the course of 15 years by earlier proprietor William Bell, provides an air of exclusivity and grandeur to the already beautiful residence.

The Malibu mansion boasts an unmatched location within the coveted Paradise Cove space, colloquially referred to as “Billionaires’ Row.” The sprawling property affords breathtaking panoramic views of the ocean, making a serene and picturesque setting that’s match for royalty. It’s no marvel that Beyoncé and Jay-Z had been drawn to this beautiful piece of architectural artistry.

This is not the primary time the facility couple has made waves in the true property market. In 2017, they made headlines with their purchase of a lavish Bel-Air mansion for a cool $88 million. Not content material with the grandeur of their new abode, they poured hundreds of thousands extra into renovations, pushing the worth of the property past the $100 million mark.

The high-profile purchase was orchestrated by mega-celebrity realtor Kurt Rappaport, who represented each the patrons and the vendor on this record-setting transaction. While the world awaits an official assertion from Rappaport’s workplace, the information of Beyoncé and Jay-Z’s newest actual property conquest continues to reverberate throughout social media, leaving followers and trade insiders in awe of their opulent lifestyle.