Real Estate Fantasies The New York Times

Table Of Content

• The ‘Wave House,’ Harry Gesner’s Malibu masterpiece, lists for $49.5 million
• Father, daughter complain about 'pimples' on new house but builder won't fix since 'it’s not a manufacturer’s problem'
• Feeding time! Here are the best vet-recommend dog food brands in 2024
• California will supply first responders, universities with opioid overdose reversal drug for free
• Mansion on Miami’s Billionaire Bunker

The eye-watering price tag makes the house the most expensive property ever to be sold in the state of California, dethroning a Malibu estate bought by venture capitalist Marc Andreessen for $177 million in 2021. Ando, who also designed Kanye West’s Malibu beachfront home, built the digs in collaboration with award-winning architect (and protégé) Kulapat Yantrasast, who runs the firm WHY out of New York and Los Angeles. Beyoncé and Jay Z’s private collection is extensive, including works from Damien Hirst, Jeff Koons, Mark Rothko, and a Tiffany-blue Basquiat. Because the home was listed privately, it’s not known how many bedrooms and bathrooms are inside or the types of amenities—but we can only imagine the home’s features are fit for the couple’s extravagant tastes. The calming retreat is both simple and tranquil—surely a respite from both of the musician’s busy lifestyle. Knowles is currently in Europe on her Renaissance World Tour, which is estimated to rake in nearly $2 billion.

The ‘Wave House,’ Harry Gesner’s Malibu masterpiece, lists for $49.5 million

“Opus,” a Trousdale mansion originally listed for $100 million and developed by Niami and designed by McLean, is now $85 million. Has passed several anti-“mansionization” ordinances, some which restrict a home’s size based on the percentage of its lot it occupies. Residents of Bel Air even formed a homeowners alliance to dissuade the development of mega-properties such as “The One,” which is three times the size of the Taj Mahal. And naturally, local realtors and architects have resorted to name-calling, many referring to McClean as the dreaded developer-architect.

Father, daughter complain about 'pimples' on new house but builder won't fix since 'it’s not a manufacturer’s problem'

Rumors about the property have swirled for years, with several Reddit users likening the monolithic design to a supervillain’s lair. Instead, it was quietly offered at $295 million as a pocket listing, which means it was shown only to a select group of qualified buyers. Ando is currently designing a home with Kanye West, The Daily Mail reported, though the project has stalled and fallen into disrepair. Shot in a twinkling art installation, Bey and Jay put on an unexpected display of affection, kissing and snuggling up to one another in the sparkling lights as well as clinking their glasses of Champagne together.

Feeding time! Here are the best vet-recommend dog food brands in 2024

The broker for the deal was Kurt Rappaport of Westside Estate Agency, whose other clients include Tom Cruise, Brad Pitt, and Madonna. The couple continued their landmark year in 2017 with the purchase of a seven-bedroom, seven-and-a-half-bathroom mansion in East Hampton the following month. The Pond House is a 12,000-square-foot behemoth designed by renowned architect Stanford White, situated just off Georgica Pond. The estate includes 203 feet of waterfront property and is adjacent to a massive 17-acre meadow preserve, ensuring that the Carters have the utmost privacy. Incredibly, the previous owner even rotated the house 90 degrees so that the living room now faces west toward the pond, meaning that the family of five gets views of both stunning sunrises in the east and picturesque sunsets in the west.

Jay-Z and Beyoncé Purchase Most Expensive Home Ever in California

The address sold in 2005 for $2.6 million; in 2009, after McClean’s work, it went for $10 million. “That made people take notice of the house.” A slew of requests for projects in the area began, and they’ve never really stopped. His office of no more than a dozen people is still based in Orange County, in the retro downtown of the city of Orange, and now designs around a dozen homes a year. Nearly all are in Southern California, most between 4,000 and 12,000 square feet.

The place made headlines again in 2021 when a fire broke out at the property; several months later, TMZ reported that the couple was listing it for $3.5 million and then a more ambitious $4.45 million. The home didn’t appear to sell, and it was later pulled from the market. The couple paid $200 million for the property, making it the most expensive home ever sold in the entire state of California ... It's also the second most expensive real estate deal in the country -- the top being $238 million for an NYC apartment. In 2017, they shelled out $88 million for an impressive Bel-Air pad, and they also own homes in New York City and the Hamptons. The Carters’ recent purchase surpassed the former record of a $177 million Malibu compound purchased by billionaire Marc Andreessen in 2021, TMZ reported.

MALIBU, CA — Beyoncé and Jay-Z are now the owners of California's most expensive house ever sold, according to TMZ. As part of your account, you’ll receive occasional updates and offers from New York, which you can opt out of anytime. Earlier this year, Jay-Z, né Shawn Carter, saw his net worth reach $2.5 billion, with his fortune boosted by a vast business empire.

How Dr. Christmas Decorated Beyoncé and JAY-Z's House in Just Three Days - The Economic Times

How Dr. Christmas Decorated Beyoncé and JAY-Z's House in Just Three Days.

Posted: Sat, 23 Dec 2023 08:00:00 GMT [source]

Supplanting their new neighbor, the Knowles-Carters’ nine-figure closing now takes the cake as the second-most expensive home purchase in American history (the top being $238 million for an NYC apartment). The most expensive home is a $238 million Central Park penthouse owned by Billionaire hedge-fund manager Ken Griffin. Beyoncé and Jay-Z are the latest to shell out an exorbitant sum of straight cash for one of the Pritzker Prize-winning architect’s few residences in the United States. “All the charm of an empty Costco distribution center,” said one critic on Twitter of the striking concrete structure — concrete being Ando’s signature materials in his rare designs.

Mansion on Miami’s Billionaire Bunker

Dirt reported that the purchase was even more eye-watering — Mr. Spiegel also snapped up a $25 million parcel next door, bringing to total value to $145 million. Beyoncé and Jay-Z, who have bought and sold multimillion-dollar homes in Miami, New Orleans and the Hamptons, are now in a rarefied club of celebrities who own properties worth $100 million or more. It is the work of renowned Japanese architect Tadao Ando, who collaborated with LA-based Why Architects to deliver the billionaire family a dream home. Commissioned in the late 1990s, this contemporary design took nearly 15 years to plan and build.

The couple recently paid a whopping $200 million for the estate, located on a bluff overlooking the Pacific Ocean in Malibu's Paradise Cove — AKA Billionaire's Row. The pair also famously rented a home in nearby Wainscott, located just off Georgica Pond, with friend and Roc-A-Fella Records CEO Damon Dash for two weekends that July. “I felt like a little kid in a big haunted house there,” Jay-Z told New York magazine at the time. The Italianate stucco house sat on 8.5 acres and featured an indoor-outdoor pool and a 120-seat screening room, which was used for an intimate yet star-studded premiere of End of Watch starring Jake Gyllenhaal. Celebrities like Madonna and Jennifer Lopez have also been known to rent the property. According to Morley Construction Co., the project's contractor, design qualities include a water feature and a pool while utilizing 7,645 cubic yards of concrete.

Plus, it seems the Knowles-Carters got a bit of a deal on the home, originally listed for an eye-watering $295 million. Beyoncé, who’s on track to net $2 billion from her international Renaissance tour alone, has yet to announce the family’s move-in date. The $200 million dollar property was designed by Japanese master architect Tadao Ando. Ando is also the architect behind Kanye West’s $57.3 Malibu home, which he purchased in 2021 amid his divorce proceedings with billionaire ex-wife, Kim Kardashian. Jay-Z and Beyoncé just shattered California’s price record, paying $200 million for a striking concrete compound overlooking the ocean in Malibu, according to TMZ. Commissioned by soap opera legends William and Maria Bell in 1999, the structure was designed by the Japanese architect Tadao Ando.

Beyoncé and Jay-Z reportedly splashed out a whopping $200 million for a Malibu oasis designed by the same architect who’s crafting Kanye West’s oceanfront home. It's also an architectural jewel, designed by Tadao Ando, a Japanese master architect, who is also designing the house Kanye West bought in Malibu. Beyoncé and Jay-Z’s latest property purchase adds to a luxury property portfolio that includes a $100 million Bel Air mansion, which the couple are reportedly holding on to alongside their new Malibu home.

A Bel Air mansion by McClean that sold for just shy of $30 million in 2012. A Beverly Hills home features the terracing and glass walls common to McClean’s projects. His first Bird Streets home, on Blue Jay Way, was purchased by Aviici in 2014. A view of McClean’s first Bird Streets mansion, which sold for $10 million in 2009. A rare look at the entrance of the $120 million Bel-Air home purchased by Jay-Z and Beyoncé, which boasts bulletproof windows and a helipad. Beyoncé Knowles and Jay-Z are known for breaking records, and now, they’ve broken the record for purchasing the most expensive home in California’s history.