Recently, Jay-Z and Beyoncé bought a magnificent piece of architecture in Malibu, California. This amazing home is located in a highly sought-after neighborhood and measures an astonishing 30,000 square feet.

Reliable sources in the real estate business claim that the couple paid an astounding $200 miℓℓio? for the home, breaking the previous record for the most expensive house ever sold in the entire state of California.

The previous record was $177 miℓℓio?, but this is higher. Notably, this sale is also the second priciest real estate transaction in the nation, with a $238 miℓℓio? 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 miℓℓio?. 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.

This architectural masterpiece’s attractiveness is further enhanced by the fact that it was created by Tadao Ando, a renowned Japanese master architect who is also working on Kanye West’s Malibu home.

This entire structure is made of concrete, and it was previously owned and constructed by William Bell, one of the most well-known art collectors in the world.

Notably, this is not the couple’s first major real estate acquisition in the Los Angeles region. They spent further miℓℓio?s to exceed the $100 miℓℓio? mark in 2017, when they paid $88 miℓℓio? 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.