Husband and wife duo Jay-Z and Beyoncé have found a home as iconic as they are. The pair just dropped a whopping $200 million on the estate of famous art collector William Bell, making it the biggest real estate sale in the history of California. What's even more impressive is how the pair paid for the massive purchase.
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The estate was originally listed for $295 million.
Jay-Z and Beyoncé nabbed the Malibu, California, compound for nearly $100 million less than the asking price, according to Page Six, making the property an outright steal (OK, for them, maybe, but not for us).
We're willing to bet that they were able to get such a good deal because they made William an offer he couldn't refuse. The famous couple paid for their new house with $200 million in straight cash, cutting out the banks and lenders.
Their new home has a striking modern style.
The Carters will call the 40,000-square-foot compound home now that they've closed, which they seem to have done from the comfort of London.
The magazine noted they appeared to be out celebrating while out to dinner at Harry's Bar in Mayfair on Friday.
The estate doubles as an art museum.
Given the fact that the previous owner had an eye for art, it's unsurprising that the all-concrete home, designed by Japanese master architect Tadao Ando, serves as the perfect showcase for any number of statement pieces.
We hope these two give Architectural Digest a chance to come in and see the place after they're all settled in. We're dying to see how they make use of the sprawling space.
Jay-Z and Beyoncé's purchase is the second largest in the country.
This sale is only slightly less of a big deal than the most expensive property ever sold. That honor belongs to an apartment in New York City that was sold for $238 million.
With the way American real estate is going these days (and the couple's star power) we wouldn't be surprised if Jay-Z and Beyoncé's new digs eventually did secure the title of the most expensive piece of property in the United States.
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Congrats to the Carters.
We're sure they're super excited about their new purchase and can't wait to get their kids home and settle in — though it's hard to say exactly when that will be. With Beyoncé's sold out Renaissance World Tour in full swing, it's likely to be a while before she gets to enjoy her new home sweet home.
