Beyoncé and Jay-Z’s $200 million Malibu beach mansion is the most expensive real estate sale of 2023. Queen Bey and her billionaire husband, worth $2.5 billion, have broken a record, not in music, but in real estate. Their purchase of the Malibu mansion, at $200 million, set the record for the most expensive home sale in California and the highest real estate deal of 2023, following a substantial $95 million discount. Adjacent to the previous record-holder, venture capitalist Marc Andreessen’s $177 million home acquired in 2021, art collectors Maria and Bill Bell once owned the Malibu mega-mansion.
Spanning 42,000 square feet on 8 acres of land, it took nearly 15 years to construct this all-concrete structure designed by Japanese master architect Tadao Ando, who also designed Kanye West’s recently sold house owing to drab grey walls. Clearly the billionaires dont mind the aesthetics and enjoy not only the status of this not-so-humble home but also its amenities.
It boasts a large backyard with an expansive pool and a cliff overlooking the beach. Inside, the mansion houses the Bells’ extensive private art collection, featuring pieces by Jeff Koons, Andy Warhol, Damien Hirst, and Marcel Duchamp.
The most expensive home in 2022 –
Coincidentally, the most expensive home in 2022 was inside the most expensive residential building, 220 Central Park South in Manhattan. In January 2022, Penthouse 73, owned by billionaire investor Daniel Ochs, was purchased for $188 million by a Hong Kong asset management company linked to the founders of Chinese e-commerce titan Alibaba. This limestone edifice, a recurring name in luxury real estate, saw hedge fund owner Ken Griffin pay a staggering $238 million for a penthouse in 2019. The Florida native Griffin aims to break all records by building the world’s second-most expensive home in Palm Beach.
