Beyoncé, Jay-Z set record with $300m Malibu mansion purchase in cash – realestate.com.au

News Corp Australia Network

Jay-Z and Beyonce have set a new record with their latest home purchase. Pictures: Getty Images/

---

Beyoncé and Jay-Z have paid a whopping $300.6m (US$200m) for their new home in California, making it the most expensive house ever sold in that state.

The music power couple reportedly bought their enormous new Malibu compound entirely in cash, according to TMZ.

RELATED: Pirates of the Caribbean island for sale for $150m

Inside Yellowstone creator’s $526m ranch amid spend scandal

‘Inundated’: Everyone wants a 94ha slice of island paradise

The whopping 2,790 sqm Malibu property was designed by Japanese master architect Tadao Ando, who also created Kanye West’s $57.3m mansion he acquired during his divorce from Kim Kardashian.

Photos of Beyonce and Jay-Z’s new property. Pictures: Morley construction company/Anthony Barcelo via The Post

---

The house was designed by Japanese master architect Tadao Ando. Pictures: Morley construction company/Anthony Barcelo via The Post

---

The all-concrete home was previously owned by art collector William Bell and took him 15 years to build, The Post reports.

The “Crazy In Love” couple reportedly got a great deal on the structure, as it was actually listed for US$295m.

Although the famed duo faced criticism for the “excessive” purchase, they appeared unbothered while celebrating their new acquisition at dinner in London recently.

In addition to the their latest acquisition, the “Love on Top” singer and the “Run This Town” rapper have a vast real estate portfolio.

Their new digs reportedly the most expensive house ever sold in California. Pictures: Morley construction company/Anthony Barcelo via The Post

---

The sprawling property is more almost 2,800 sqm. Pictures: Morley construction company/Anthony Barcelo via The Post

---

In 2017, the couple bought a home in Bel-Air for $88m, according to TMZ.

In that same year, they dropped $26m on a mansion in the Hamptons.

Beyoncé has a net worth of $450m, according to Forbes, while Jay-Z has $2.5b to his name.

The pair married in 2008 and share three children: Blue Ivy, 11, and twins Rumi and Sir, 5.

Beyoncé and Jay-Z tied the knot in 2008. Picture: Getty Images for Roc Nation

---

PropTrack home values index: See how house prices changed in April

Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox.

MORE: Top 10 Aussie holiday homes of 2023 revealed

Kendall Roy’s three-level Succession pad up for sale

1.5m more Aussies to be millionaires in five years