If $90M deal goes through, Beyoncé and Jay-Z will finally experience the joys of homeownership in LA

Los Angeles /
Jul.July 31, 2017 10:30 AM

Beyoncé and Jay-Z are drunk in love with Los Angeles. The duo have rented homes in the area for years – most recently, a ridiculous $400,000 per month Malibu compound – but they’re finally taking the plunge to own a Bel-Air mansion.

The couple was rumored to have put in a $120 million offer on a spec home at 454 Cuesta Way earlier this year, but it appears their offer has dropped to $90 million.

The music moguls have agreed in principle to purchase the Bel-Air mansion for $90 million, the Los Angeles Times reported.

The megamansion, created by developer Dean McKillen, is comprised of six structures totaling 30,000 square feet of space with eight bedrooms and 11 bathrooms. The two-acre gated compound also has four pools, a 15-car garage and bulletproof windows.

It’s said to be a whisper listing that had an asking price of $135 million, according to the L.A. Times.

Beyoncé and Jay-Z were said to have made a $49 million offer on a 14,000-square-foot mansion in Beverly Hills last year but lost out to designer Tom Ford, who purchased it for $53 million.

If the deal at Cuesta Way closes, it would be the highest sale recorded this year in Los Angeles County – beating out the $85 million sale of David Geffen’s Carbon Beach compound to Los Angeles Dodgers owner Mark Walter. [LAT] — Subrina Hudson


Related Articles

arrow_forward_ios
Rihanna asks $7.8M for Hollywood Hills property after buying in Beverly Hills
Rihanna lists Hollywood Hills property after buying in Beverly Hills
Rihanna lists Hollywood Hills property after buying in Beverly Hills
LeBron and the six bedroom house (Getty, Redfin)
LeBron sells Brentwood mansion for $1M less than he paid
LeBron sells Brentwood mansion for $1M less than he paid
Kanye West and 24844 Malibu Road (Getty, Compass/Facebook)
Album drop then price chop: Kanye pays $57M for Malibu beach house
Album drop then price chop: Kanye pays $57M for Malibu beach house
Luciana Barroso and Matt Damon with the seven bedroom house (The Agency Real Estate, Getty)
Matt Damon Finds Buyer for Pacific Palisades home after chopping price, moving to NYC
Matt Damon Finds Buyer for Pacific Palisades home after chopping price, moving to NYC
Mossimo Giannulli and Lori Loughlin with The Madison Club where their house is located (The Madison Club, Getty)
Lori Loughlin and Mossimo Giannulli buy $13M La Quinta home after jail stints
Lori Loughlin and Mossimo Giannulli buy $13M La Quinta home after jail stints
Nicolas Berggruen and the Hearst Estate (Hilton & Hyland, Getty)
Sold: Billionaire pays $63M at auction for Hearst estate
Sold: Billionaire pays $63M at auction for Hearst estate
Carl Reiner with the neighboring properties (Getty, Google Maps)
Carl Reiner’s neighboring Beverly Hills Flats homes sell for $16.8M
Carl Reiner’s neighboring Beverly Hills Flats homes sell for $16.8M
Mohamed Hadid and Strada Vecchia (Getty, Hilton & Hyland)
Judge approves price cut on Hadid’s “stale” spec mansion
Judge approves price cut on Hadid’s “stale” spec mansion
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...