Jay-Z buys a new house! Too expensive or too tacky? Shawn Carter, and his wife, Beyonce, have expanded their luxury property portfolio with a jaw-dropping addition. The superstar couple snagged a $200 million concrete mansion. The mansion sits on a bluff overlooking the Pacific Ocean in Malibu’s Paradise Cove, aka Billionaire’s Row.
The latest buzz from entertainment news site TMZ suggests that California witnessed its most lavish residential transaction when an iconic Brutalist-style estate was recently acquired for an eye-watering price tag. As per reports.
This awe-inspiring property is now hailed as the state’s priciest single-family home sale. It ranks just below New Yorks’s famed $238 million penthouse sale – which remains America’s costliest abode thus far.
Jay-Z’s New House
Designed by architect Tadao Ando, the L-shaped estate showcases minimalist modernism. Ando, who’s also penned the homes of Tom Ford and Kim Kardashian, is known for his spare style and Japanese-influenced architecture. He also created Kanye West’s Malibu mansion, so he knows how to create a luxurious, modern retreat. But not everyone enjoys the new home; many call it “tacky.”
Too Expensive Or Too Tacky?
Allegedly. The duo has procured an opulent dwelling at an exorbitant price point, surpassing all preceding real estate price benchmarks. Sources have indicated that their scheduled relocation timeline is slated for 2023. The property has a primary dwelling, two guest houses, a cinema, and a spa on about 7 acres.
It’s just a stone’s throw from another impressive piece of real estate. A glass and steel skyscraper that was recently built for billionaire Joe Tsai.
Both properties are part of a massive portfolio that they own in New York, Los Angeles, and the Hamptons. Along with their $88 million Bel Air estate, of course. The estimation of their combined net value has reached $2.5 billion due to their latest purchase. Jay-Z’s wealth was boosted by his vast business empire and Beyonce’s career as a singer.
