Tuesday, April 30, 2024

Fans aren't fond of Beyoncé, Jay-Z's new $200M Malibu home

beyonce and jay z new house

Dubbed “The One,” the McClean house comes with a 30-car garage, a 5,000-square-foot master bedroom, and a casino, among other features that balloon it to nearly 100,000 square feet. “[It] came on the market right around the same time that Lehmann Brothers crashed, and it sold for a lot of money,” McClean says. The address sold in 2005 for $2.6 million; in 2009, after McClean’s work, it went for $10 million. “That made people take notice of the house.” A slew of requests for projects in the area began, and they’ve never really stopped. His office of no more than a dozen people is still based in Orange County, in the retro downtown of the city of Orange, and now designs around a dozen homes a year. Nearly all are in Southern California, most between 4,000 and 12,000 square feet.

Record-setting Malibu megamansion

beyonce and jay z new house

Previously, she interned at People Magazine, covering celebrity and pop culture news, as a part of the American Society of Magazine Editors’ internship program. A New Jersey native, she studied journalism at the University of Southern California. After performing with her mom onstage during the Renaissance tour, Blue Ivy Carter will join Beyoncé on the big screen.

Inside Beyoncé and Jay-Z’s beautiful houses loveproperty.com - lovePROPERTY

Inside Beyoncé and Jay-Z’s beautiful houses loveproperty.com.

Posted: Tue, 09 Apr 2024 07:00:00 GMT [source]

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Inside the Bird Streets mansion purchased by Calvin Klein for $25 million in 2015. A rare look at the entrance of the $120 million Bel-Air home purchased by Jay-Z and Beyoncé, which boasts bulletproof windows and a helipad. Supplanting their new neighbor, the Knowles-Carters’ nine-figure closing now takes the cake as the second-most expensive home purchase in American history (the top being $238 million for an NYC apartment). The historic deal redefines the luxury market in Southern California, which has slowed down so far this year in the wake of the red-hot pandemic housing market. It also marks another feather in the cap for the affluent enclave of Paradise Cove, which has emerged as one of the most valuable stretches of land in the entire country. Bell and his wife Maria spent 12 years constructing their now-former home.

Miranda Kerr and Evan Spiegel $120 million home Holmby Hills

Designed by renowned Japanese architect Tadao Ando, the mansion spans 30,000 square feet and reportedly took more than a decade and a half to finish. The seller is notable Los Angeles art collector Bill Bell, Jr., who is the heir to a soap opera fortune. His father, William J. Bell, created the iconic soap operas The Young and the Restless and The Bold and the Beautiful. Times, Bell purchased the property in the late 1990s for $14.5 million and enlisted Ando to create a modernist glass-and-concrete structure. He’s considered one of the biggest art collectors in the world, with numerous works of art by Jeff Koons, Andy Warhol, Damien Hirst, Marcel Duchamp, and many more.

Beyoncé and Jay-Z’s California house

In the years since, they have owned and sold homes in New York City, Miami Beach, New Orleans, the Hamptons, and Los Angeles. This monolith gets its dose of openness with floor-to-ceiling glass panels. There will be plenty of space for Beyoncé’s three children to play in the expansive backyard boasting one swimming pool, one reflecting pool typical of Ando’s style, and direct beach access. The US$200 million brutalist-style estate is set high above Paradise Cove beach. The massive 3.2-hectare space is encompassed by ocean and coastline views, along with being directly connected to Malibu’s most breathtaking beach. Beyoncé and Jay-Z’s latest property purchase adds to a luxury property portfolio that includes a $100 million Bel Air mansion, which the couple are reportedly holding on to alongside their new Malibu home.

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The concrete home overlooks the Pacific Ocean and has striking features, an expansive lawn on either side, and plenty of privacy for the ultra-famous family of five. The sale was brokered by Kurt Rappaport, a celebrity real estate agent of the Westside Estate Agency, who represented both the buyer and the seller in the sale. The colossal home spans nearly eight acres and has a private beach, infinity pool that seems to stretch off into the ocean, and Zen water features. According to Dirt, more than 22,500 square feet of polished pervious concrete was used for the estate’s driveaway and motor courts alone. For the home, it’s estimated that more than 7,645 cubic yards of concrete was used.

Father, daughter complain about 'pimples' on new house but builder won't fix since 'it’s not a manufacturer’s problem'

At “Opus,” an $85-million slab of marble and gold on Hillcrest, in Trousdale, McClean shows me how he designed a full-size, subterranean swimming pool beneath a massive skylight. McClean tends to design long, skinny pools—multiple per property, despite the fact that California has been suffering from a severe drought since 2014—that take advantage of the jagged lots he builds on. They usually have the same proportions of a ruler, with an infinity runoff. And nearby is “the obligatory movie theater,” McClean says as we enter the plush room. According to TMZ, Beyoncé and Jay-Z secured their Malibu property for $95 million under the asking price. The news outlet also reported that the couple paid the $200 million for the mansion in cash.

In 2017, the couple — who tied the knot in 2008 and share three children — bought a home in Bel-Air for $88 million, according to TMZ. “Beyoncé now literally owns a house in the shape of her favorite number & the most expensive house ever sold. “some of y’all are mad that they’re spending THEIR money the way that THEY want to???

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Earlier this year, Jay-Z, né Shawn Carter, saw his net worth reach $2.5 billion, with his fortune boosted by a vast business empire. Beyoncé and Jay Z recently purchased the most expensive home ever in the state of California for $200M. Beyoncé and Jay-Z are the latest to shell out an exorbitant sum of straight cash for one of the Pritzker Prize-winning architect’s few residences in the United States. Ando is currently designing a home with Kanye West, The Daily Mail reported, though the project has stalled and fallen into disrepair. Kurt Rappaport of Westside Estate Agency handled both ends of the deal, TMZ reported.

It is now worth significantly more — its 2022 assessment record in Santa Barbara County put the home’s value at more than $100 million, with taxes alone topping $1 million. Prince Harry and Meghan Markle are said to be regular guests, although their March 2021 bombshell interview with the talk-show queen wasn’t filmed in her backyard. The new Blue Jay Way home, at 8,000 square feet, is by no means the grandest of McClean’s designs, which can come with six-digit square footages and nine-digit price tags. The style is a take on the area’s iconic midcentury modern, metaphorically pumped up with steroids and silicone to a scale that would make Rudolph Schindler, a pioneer of the modernist Hollywood house, blush. Wraparound floor-to-ceiling glass walls all peel away; there are pools for each level; the views make the word panoramic seem insufficient. The concrete compound, which overlooks the Pacific Ocean, naturally comes with a swimming pool, and sits on eight acres of land.

Beyoncé and Jay-Z certainly made jaws drop last week when news broke that the pair splashed out a cool $200 million to purchase a luxe home in Malibu — breaking a California home sale record in the process. If you haven’t noticed, this world has gone through a lot in the past few years. From a global pandemic that led to people being isolated from one another, to a period where we continued to fight hard for social justice, we haven’t had anything to help us shake off the blues.

The singer sold the 44th-floor corner unit for $9.95 million in 2017 after less than a month on the market. Her mother, Tina Knowles, also previously owned a residence in the same building but sold it in 2011. McClean points out a white cluster in the mountains just east of the Getty Museum. “You probably can see it from space,” McClean says of the spec home he installed there. This particular one is asking an astonishing $500 million, making it the most expensive mansion in America (a title currently held by another Bel Air property not of his design, listed at a mere $350 million).

The not-so-humble-abode that Queen Bey and the hip-hop mogul will share costs a cool US$200 million, making it the most expensive home ever sold in California, as per TMZ. McClean landed first in Orange Country in the 1990s, not exactly the time or place for architectural innovation. In 2000, he designed a house in Laguna Beach, and began picking up local clients. He cut his teeth in an area with an active design board, where any development requires a public presentation. The experience likely prepared McClean for dealing with L.A.’s lengthy approvals processes, which can take as long as building a house, as well as its high-profile clientele.

When the property sold in 2015, the couple had to vacate the premises, meaning that their search for the perfect West Coast pad continued. Meanwhile, Beyoncé’s bachelorette pad for the first few years of their relationship was a $5 million condo in midtown Manhattan overlooking Central Park, which she purchased in 2005. The ultramodern spot featured floor-to-ceiling windows and 11-foot ceilings, with high-end interior finishes selected by Paris designer Jacques Grange. Beyoncé reportedly used the three-bedroom condo primarily as a spot for friends and family to stay while they were in town.

Their next-door neighbour, venture capitalist Marc Andreessen, holds the record for the second most expensive home bought for a staggering US$177 million in 2021. Originally listed for $100 million, “Opus,” a Trousdale mansion developed by Niami and designed by McClean, is now $85 million. Jay-Z and Beyoncé’s 30,000-square-foot compound also features a minimal design and multiple pools.

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