Beyoncé stuns in tiny leather shorts in sweet family photos with Jay-Z HELLO!

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• Fans of Malibu fitness boot camp The Ranch, beloved by Michelle Obama, say NY outpost is too easy
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• Holmby Hills rental
• Beyoncé And Jay-Z Buy Malibu Estate For $200 Million—The Most Expensive Home In California
• Law that ended single-family zoning is struck down for five Southern California cities
• Bar-Bey Just Bought a Malibu Dream House With Jay-Z

The home is the couple's second massive real estate purchase in the Los Angeles area that we know of ... Back in 2017, they purchased a Bel-Air mansion for $88 million, and pumped millions more into the home to push it over the $100 million mark. The house was owned and built by William Bell, one of the biggest art collectors in the world. Entertainment news outlet TMZ reported on Friday that the music icons had paid $200 million for a 40,000-square-foot property in the Paradise Cove area, citing sources in the real estate industry. 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.

Fans of Malibu fitness boot camp The Ranch, beloved by Michelle Obama, say NY outpost is too easy

'Million Dollar Listing' Josh Altman Says Jay-Z, Beyoncé's New Mansion Is a Flex - TMZ

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Nevertheless, developers continue to hunger for size, and McClean delivers a stealth blockbuster, appearing to effortlessly circumvent such rules. My next stop with McClean is a secluded stretch known as Billionaire’s Row, in the hillside Beverly Hills micro-neighborhood of Trousdale. Here, one is as likely to see a vintage Thunderbird or a house with a crest—or, for that matter, a McClean—as a human being.

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Let’s just hope that the floor plan doesn’t include a secret underground bunker fit for a Parasite. Knowles and Jay-Z, who’s real name is Shawn Carter, purchased a sprawling $200 million Malibu, California estate. They reportedly got a discount, as the home was privately listed for $295 million. 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.

Holmby Hills rental

$200M Deal Tops List of LA's Priciest House Sales in 2023 - The Real Deal

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Kurt Rappaport of Westside Estate Agency handled both ends of the deal, TMZ reported. 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.

Beyoncé And Jay-Z Buy Malibu Estate For $200 Million—The Most Expensive Home In California

The concrete compound, which overlooks the Pacific Ocean, naturally comes with a swimming pool, and sits on eight acres of land. Designed by famed Japanese architect Tadao Ando, the property was commissioned and owned by soap opera veterans turned renowned art collectors William and Maria Bell, with the project reportedly taking 15 years to complete. The seller is renowned art collector William Bell, son of the creator of American soap operas The Young and the Restless and The Bold and the Beautiful.

One week after welcoming twins Rumi and Sir in June 2017, the elated parents (they also share 12-year-old daughter Blue) opted to temporarily move into an estate in Malibu to recoup and get to know the latest additions to their family. The pair rented the 6.3-acre compound known as La Villa Contenta for $400,000 a month. The extremely private, 12,000-square-foot Mediterranean-style residence had amenities like a movie theater, a gym, and a wine cellar, as well as numerous terraces overlooking the Pacific Ocean (though no direct beach access).

Law that ended single-family zoning is struck down for five Southern California cities

In 2004, several years before he and Beyoncé tied the knot, Jay-Z shelled out $6.85 million for an impressive Tribeca penthouse. The seventh-floor unit was situated in a converted 1929 brick warehouse building and measured 8,000 square feet, with an additional 3,000 square feet of outdoor terraces. The couple would later hold their private, 40-person wedding at the penthouse, reportedly with 70,000 Dendrobium orchids flown in from Thailand. The married moguls’ new Pacific Coast Highway abode was designed by architect Tadao Ando and measures in at 30,000 square feet, plenty of space for their three children to enjoy. Its seller was art collector Bill Bell Jr., who is also the heir to a soap opera fortune, as the son of the creators of The Young and the Restless and The Bold and the Beautiful.

Bar-Bey Just Bought a Malibu Dream House With Jay-Z

Its rise in the rankings of the favorite spots of the super-rich was solidified again in past weeks, with reports that Beyoncé and Jay-Z purchased a 40,000 sq ft oceanfront mansion in the coastal enclave. According to TMZ, the couple purchased the 40,000-square-foot Malibu home set on 8 acres from William Bell Jr. — one of the largest art collectors in the world. Celebrity real estate agent Kurt Rappaport, who reportedly brokered the deal, did not immediately respond to Fortune’s request for comment. 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. Superstar couple Beyoncé and Jay-Z smashed a real estate record with the purchase of their new Malibu home.

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. 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. The singer sold the 44th-floor corner unit for $9.95 million in 2017 after less than a month on the market.

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.

They were outbid on a number of properties (once by Minecraft creator Markus Persson), so they opted to rent first instead. In 2014, the superstars shelled out $150,000 a month for a newly built, contemporary Holmby Hills estate with floor-to-ceiling glass sliders, an infinity pool, a wine cellar, a 75-foot-long art gallery, and a home theater. When the property sold in 2015, the couple had to vacate the premises, meaning that their search for the perfect West Coast pad continued. Their Mediterranean-style villa (one of only 35 homes on the island) was built in 1991 and boasted seven bedrooms and eight bathrooms, plus its own private boat dock. The couple was believed to have paid a little over $9 million for the compound, but they didn’t hold onto it long, selling it for $9.3 million in 2010.

(Peanuts compared to what Beyoncé and Jay-Z paid.) The 4,000-square-foot home is reportedly in a state of disrepair right now, with unfinished remodeling projects dragging on. After making music history, Beyoncé and Jay-Z made a real estate record. 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.

Her mother, Tina Knowles, also previously owned a residence in the same building but sold it in 2011. The median price for a single-family home in the city has more than doubled since 2016, to nearly $7m. Some of Malibu’s new elite homeowners are now cobbling together multiple properties to build mega-luxury compounds, according to the Journal. The WhatsApp CEO, Jan Koum, bought two adjoining properties for a combined $187m, while Marc Andreessen owns three different Malibu homes with a total value of $255.5m. Ando, the architect, is a Pritzker prize winner, whose exposed concrete and glass homes have become status symbols for American superstars. Kim Kardashian announced earlier this spring that she was working on a “dream project” with Ando, and in 2021 Kanye West reportedly purchased a comparatively modest beachfront Malibu home designed by Ando for $57.3m.

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. Couple all that with “sleek and sexy exteriors,” and it’s a recipe for record prices. Beyoncé and Jay-Z also own an $88 million Bel Air estate, though it’s unclear if they intend to hold onto the similarly contemporary pad. The home holds architectural significance as one of only a few private residences designed by Pritzker Prize-winning Japanese architect Tadao Ando in the United States. (Another being fashion designer Tom Ford’s Santa Fe ranch, Cerro Pelon, which Aldo completed in 2012.) Ando is credited with popularizing the "haiku" effect, using empty space to emphasize the beauty of zen aestheticism and pure geometry.

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. Architect Ando also designed the Malibu home that Kanye West bought last year for $57.3 million. That house has plenty of beach frontage and, like Beyoncé and Jay-Z's new pad, is on Pacific Coast Highway. One contractor, Beeson Pervious Concrete, worked on the home's 22,500-square-feet of polished pervious concrete used in its driveway, motor court and parking areas. The contractor's website published photos of the hardscape that illustrate the home's strikingly modern design.

Bell, who bought the property in 2003 at $14.5 million, spent over 15 years completing the 30,000 square feet compound–designed to showcase his legendary art collection. 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 media mogul, actress and philanthropist reportedly paid $52 million for her Montecito mansion, which covers 23,000 square feet and sits on 70 landscaped acres. 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.