Jay-Z and Beyoncé have just snagged one of the greatest architectural masterpieces in USA, a 30,000-square-foot home in the prime area of Malibu and they paid a King’s ransom.
According to Real estate sources, the couple paid $200 million for the property, making it the most expensive home ever sold in the entire state of California, eclipsing the previous record of $177 million.
It is also the second most expensive real estate deal in the country, the top being $238 million for an NYC apartment.
They actually got an unbelievable deal, the home was quietly listed for a whopping $295 million. The house sits on an 8-acre bluff overlooking the Pacific Ocean in the Paradise Cove area, AKA Billionaires’ Row.
It is also an architectural jewel, designed by Tadao Ando, a Japanese master architect, who is also designing the house Kanye West bought in Malibu.
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.
The house was owned and built by William Bell ( son of the creator of American soap operas The Young and the Restless and The Bold and the Beautiful), one of the biggest art collectors in the world. It took Bell almost 15 years to build the all-concrete structure.
Bell, who bought the property in 2003 at $14.5 million, spent over 15 years completing the 30,000 square feet compound–designed to showcase his legendary art collection.
The home holds architectural significance as one of only a few private residences designed by Pritzker Prize-winning Japanese architect Tadao Ando in the United States.
The home is the couple’s second massive real estate purchase in the Los Angeles area that we know of back in 2017, they purchased a Bel-Air mansion for $88 million, and pumped millions more into the home to push it over the $100 million mark.
Apple’s Bite reports that the sprawling six-acre compound sits along the Pacific Coast Highway in Malibu’s Paradise Cove neighborhood, an exclusive stretch of real estate dubbed “Billionaires’ Row.”
Kardashian recently flew to Japan to meet with Ando. While Ando’s stark aesthetic is becoming a status symbol among the celebrity set, the Beyoncé hive isn’t so sure.
“Just because you can, doesn’t mean you should,” one commenter wrote of the L-shaped compound. “It looks like a corporate park in Arkansas” said another, while someone else likened the home’s stark geometries to “one of those shipping container homes.
Madukwe B. Nwabuisi is an accomplished journalist renown for his fearless reporting style and extensive expertise in the field. He is an investigative journalist, who has established himself as a kamikaze reporter.
