Jay-Z and Beyoncé slept here: Malibu home sells for $50M

Investor Richard Weintraub sold the home, which the power couple rented last year

Aug.August 02, 2018 10:08 AM
Jay-Z, Beyoncé and La Villa Contenta home (Credit: Getty Images/MLS)

Don’t look now, but another eight-figure sale just closed in Malibu. And it’s got a high-wattage history.

La Villa Contenta, a Malibu estate famously rented by Beyoncé and Jay-Z, has sold for $50 million to an executive at a private investment firm, the Wall Street Journal reported.

The seller was developer Richard Weintraub, president and CEO of Weintraub Real Estate Group. He also built the estate.

Behdad Eghbali, a founding partner at Santa Monica-based Clearlake Capital Group, purchased the estate through an entity.

Spread across 6.5 acres, the sprawling gated compound has 14 bedrooms and 10 bathrooms. It also features a wine cellar, screening room, ballroom and guesthouse. Some of the more intricate furnishings in the home include 18th-century chandeliers, carved marble and mosaic floors.

An infinity swimming pool and desert garden complete the outside.

Aaron Kirman and Maya Hazen Manshel of Pacific Union International, and Chris Cortazzo of Coldwell Banker Residential Brokerage brokered the deal.

Power couple Beyoncé and Jay-Z rented the home for $400,000 last year following the birth of their twins, Rumi and Sir. They later went on to purchase a spec home in Bel-Air for $88 million. Malibu has seen a number of big-ticket items trade this year, proving it’s still one of the hottest residential markets in the county. In the Carbon Beach enclave, Hard Rock Café founder Peter Morton broke records when he sold his beachfront estate for $110 million in January. That deal was then followed by Daryl Katz’ $85 million purchase, and Cindy Crawford’s $45 million sale in the neighborhood. [WSJ] — Natalie Hoberman

Related Articles

Hadid and the home (Credit: Getty Images)

Hadid: I must continue building Bel Air mansion to satisfy creditors

The Beverly House (Credit: Jade Mills Estates)

Beverly House owner hopes Saudi prince is his white knight

Mohamed Hadid says he can’t pay to tear down his mansion (Credit: Getty Images, iStock)

Hadid says he’s too broke to tear down megamansion

Oprah Winfrey and Jeff Bridges with the home (Credit: Getty Images and Realtor.com)

Oprah has now spent $86M on her Montecito real estate empire

Jonas Brothers set real estate records in Encino

Jonas Brothers set real estate records in Encino

Mohamed Hadid and his ill-fated spec mansion

Hadid’s Bel Air mansion must be torn down: city

Simon Fuller and his wife, Natalie

Off key: “American Idol” creator cuts price on Bel Air home

Kawhi Leonard and LeBron James with their California homes (Credit: Getty Images and Redfin)

Real estate rivalry: How the stars of the Lakers and Clippers live