Beyoncé and Jay-Z recently purchased a stunning home in Malibu, California. This incredible 30,000 square foot property is situated in a neighborhood that is in high demand.

The pair reportedly broke the previous record for the most expensive mansion ever sold in the entire state of California when they paid an incredible $200 miℓℓio𝚗 for the property, according to credible sources in the real estate industry.

The previous record was $177 miℓℓio𝚗, but this is higher. Notably, this sale is also the second priciest real estate transaction in the nation, with a $238 miℓℓio𝚗 New York City apartment holding the top spot.

It’s interesting that Jay-Z and Beyoncé were able to negotiate an amazing deal considering that the house was initially advertised for an astounding $295 miℓℓio𝚗. The home is located in the Paradise Cove neighborhood, sometimes known as Billionaires’ Row, on an 8-acre cliff with stunning views of the Pacific Ocean.

The fact that Tadao Ando, a well-known Japanese master architect who is currently building on Kanye West’s Malibu home, constructed this architectural marvel adds even more allure.

One of the most well-known art collectors in the world, William Bell, was the one who originally owned and built this entire concrete tower.

Notably, this is not the couple’s first major real estate acquisition in the Los Angeles region. They spent further miℓℓio𝚗s to exceed the $100 miℓℓio𝚗 mark in 2017, when they paid $88 miℓℓio𝚗 for a house in Bel-Air. Kurt Rappaport, a well-known celebrity realtor, represented both the buyer and the seller. His office has been contacted for remarks, but we have not yet heard back.