Beyonce and Jay Z to Buy Lavish L.A. Mansion?

Jay Z and Beyonce Rumored to
Broadimage/REX/Shutterstock

BUYERS: Beyoncé and Jay Z
LOCATION: Los Angeles, CA
PRICE: rumored to be $93 million
SIZE: 30,000 square feet, 10 bedrooms, 20 bathrooms

YOUR MAMA’S NOTES: Buckle your real estate safety belts, butter beans, because this property gossip hears from Our Fairy Godmother in Bel Air that celebrity real estate rumor on the Platinum Triangle real estate street is that Jay Z and Beyoncé are fixin’ to plunk down a staggering $93 million for a brand-new, spec-built mega-mansion on 2.17 prime, celeb-pedigreed acres in the heart of Los Angeles’s ultra-fancy Holmby Hills ‘hood. Listen, kids, rumors about these two come down the pike about every 12 seconds so some amount of side-eyed skepticism is probably not such a bad thing here. Remember back in 2008 when they were rumored to be the buyers of a 15,000-square-foot mansion in Scarsdale? How about in 2013 they were said to be interested in Cher’s big ol’ Italian Renaissance pile in Malibu then being covertly shopped off-market at $41 million? Neither was true, as it turns out, but just in case the whispers about this mega-buy are, in fact, on the money…

CLICK TO SEE PHOTOS OF THEIR RUMORED L.A. MANSION

The newly completed compound, built on the site of Barbra Streisand’s former estate Mon Reve, weighs in with 30,000-square-feet of air-conditioned interior space and a total of 38,000-square-feet under roof. Publicly accessible listings don’t include many interior photos of the grandiosely proportioned contemporary villa but from the looks of things this place has more in common with a boutique five-star hotel as is does with what mere financial mortals think of as a homey family home. Listing details and reports from earlier this year when the property popped up for sale with an elephantine and, hence, publicity assuring $150 million price tag show there are 10 bedrooms and 20 full bathrooms in the main residence plus several separate structures for guests and/or staff. The master suite alone sprawls across 5,300-square-feet, according to marketing materials, and opens to a heated and covered private veranda. Unsurprisingly, the estate incorporates a sprawling entertainment complex with lounge, wine room, and professional-grade movie theater with what listing descriptions describe as “a separate valet entrance.” And, because no spec-built mansion of this magnitude would be complete without an extensive private spa, there’s an indoor waterfall that drops into a lap pool, beauty salon, mani-pedi station, massage room, and steam facilities. Listing details also indicate there’s off-street parking for 50 cars plus a 10-car subterranean garage and the decadently landscaped grounds offer a resort-scaled swimming pool, vast terraces, numerous fire features, both tennis and basketball courts, and a private “hiking” trail.

The property, then sold as vacant land, was acquired in early 2014 for $13.25 million by real estate developer and investor Gal Asher from tech tycoon and generous philanthropist David C. Bohnett and is surrounded by some of Los Angeles’s priciest and most illustrious estates. Across the street sits the epically opulent Fleur de Lys estate that socialite Suzanne Saperstein sold in 2014 in an $88.3 million all-cash deal to a mysterious corporate entity that most people we know say is controlled by financier Michael Milkin; the property to the south houses the Frederick R. Weisman Art Foundation, a by appointment only museum that houses a stunning trove of modern and contemporary artworks; and next door to the north is the so-called “Carolwood Estate,” an approximately 35,000-square-foot extravaganza built on the site of Walt Disney’s former home that was acquired in early 2013 for $74 million — also in cash — via an iron clad blind trust that benefits, so swears all but unimpeachable real estate yenta Yolanda Yakketyyak, Zhang Jiale, the lavish-living 20-something-year-old semi-androgynous daughter of low-profile Chinese life insurance billionaire Zhang Jun.

Jay Z and Beyoncé, who have bounced around to several super-luxe and outrageously expensive Platinum Triangle rentals over the last couple of years, have been on a long and well-documented hunt for a world-class trophy residence in Los Angeles. So the stories go they were outbid on a sybaritic Trousdale Estates mansion bought in late 2014 by Minecraft creator Markus “Notch” Persson for $70,000,000 and, although a source told the L.A. Times the couple had no serious interest in the property, it was more recently reported the couple were edged out for the former Albert “Cubby” Broccoli estate in Beverly Hills that hotelier Brad Korzen and maximalist designer Kelly Wearstler reportedly agreed to sell last month for $53 million to clearly exceedingly rich fashion designer Tom Ford and his magazine editor husband Richard Buckley.

For a couple with their immense resources — Forbes recently estimated their combined net worth at nearly $900 million — the uni-named music industry heavyweights have traditionally maintained a relatively small property portfolio. In New York City, the couple reside in an 8,309-square-foot penthouse acquired by Mister Z, née Sean Carter, in September 2004 for $6.85 million — it’s where they were married in April 2008 — and last year they were widely reported to have shelled out $2.6 million for a 13,292-square foot, down-on-her-heels Spanish Baroque style mansion in New Orleans’ Garden District that was built in the 1920s as a Presbyterian church but later deconsecrated and converted to an idiosyncratic private residence.

UPDATE (06-17-16): We received a friendly missive from listing agent Ginger Glass at Coldwell Banker Previews International who says, “Contrary to speculation about Jay-Z and Beyonce, 301 Carolwood Drive is not in escrow and is still available for purchase.” So, there you have it. According to someone who would be in the position to know, they’re not buying the house in question.

Listing photos: Coldwell Banker

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  1. Butch Lane says:

    I have to admit as the real estate market continues to offer more and more high level prices tags the visual and environments being created appear to be going in the opposite direction. This space doesn’t look like a home, it has all the comforts of a large scale commercial office space. The only thing missing is a solid granite desk planted front and centre for all to gravitate to when needing direction.
    When will it be understood that “size truly doesn’t matter”, bigger isn’t always better, it’s just bigger.

  2. Tony says:

    Whoever would pay $150 million or even $93 million for this must be insane. This looks like a big box or some type of office complex. You can buy a nice lot on much more acreage in Bel Air area for way cheaper or buy a tear down on more acreage for way less and then build a big 50,000 square foot palace for like $35 million in construction costs and pay in total about half the rumored price of this crap.

  3. Beth CP says:

    From the few pictures available here, this looks more like a corporate conference center or modernistic rehab retreat than a “home”. Meh. If they choose to purchase this property, that is for them to decide.

  4. li'l gay boy says:

    An outsized attempt to, as Mama puts it, “…impress the guests…“. Somewhat on the scale (and taste) of Mall of America, i’d posit.

  5. Desert Donna says:

    At least this post got people talking for a change

  6. Dang Cem, tell us what you really think. Geez. Gorgeous place. Love Beyonce!

  7. Cem says:

    This house is hideous, crass and tacky. Perfect for these two.

  8. K.D. says:

    Wow. Talk about burying the lead. So, there’s no story here at all, thank you very much.

  9. Willah says:

    Haters are going to hate that’s their job. . .

  10. C says:

    I don’t listen to either one, but it’s their money, they can do what they want with it. :)

  11. Flip says:

    Who really cares about Beyonce and Jay Zzzzz. I’m hoping they go broke soon wasting all that money. There time is over as stars. Maybe they should just invest in a retirement community.
    What an idiot 👫

    • Willah says:

      Damn you hating hard. Why are you hoping they go broke? Instead of hating on them why don’t you get your lard ass bald head belly poking out ass up and make something of yourself and stop hating. Dab

  12. im pretty sure they wont be buying it now

  13. waaheedah dennis says:

    I wish that i can’t get that house that my dream

  14. Me says:

    They are dull as dishwater. If there were to be a dull competition between they and Kardashians I really can not fathom who would win. I suspect that their inabillity to pull the triger on purchase is that they know its not going to last between them…or at least their financial handlers do.

  15. peggy craft says:

    it puzzles me why they don’t invest in the chicago (south side)?? they make money from low income/thugs and illiterate!!

    • Who invested in Jay-z when he grew up in poverty. Jay nor Beyonce can instill work ethic into people and they did not make money off low income people. The biggest purchasers of urban music is young white kids.

      PS you can stop with your euphemisms for the N word. We know what you mean by the word ”thug”.

      • Me says:

        A person is murdered every 2 hours in Chicago and the majority 90% is black on black violence. So call it whatever you want but I describe a murder as a thug regardless of their race.

  16. Kath nguyen says:

    They deserves. They work hard . God bless

  17. I just love the way Beyonce does that weird open-the-legs, close-the-legs, open-the-legs dance move! Like a clamshell! Hey boys, wanna see my clam? So charming, and so classy! Just the thing to inspire 10 year old girls….. here’s how you can open you legs! Keep up the good work, lady! Stay classy!

    • Willah says:

      You are jealous of Beyonce. You wish you were her. . . It’s okay you are only hurting yourself hating

    • Mike says:

      That move will pay for the house. And then some.

      • Me says:

        So you are saying that the only talent this young woman has is opening her legs ala Sharon Stone? Shocking hahaha

      • Hana Lee says:

        That is called her JOB. Why are you looking at the opening and closing of her legs, so much that here you are posting. What are you, some type of jelous freaking stalker of Beyonce? As for 10 year olds, that is their parents job, not Beyonce. You’re the one lacking class.

  18. This ‘house’ is genuinely ugly. It’s completely unfathomable to me that somebody would pay tens of millions of dollars for it. It has neither taste nor charm. Just a giant space of bland uniformity. Surely Beyonce and Jay-Z are better than this. And surely they have enough tact to recognize how gross and shameful it is for somebody to spend $93 million ON A HOUSE.

  19. jamesz says:

    Another false rumor.
    Why why why are there constant real estate rumors swirling around them? No one else..always Jay Z and Beyonce. Every month they’re buying a new house.

    I don’t think they have ever been interested in purchasing a house and the 100 of the prior “beyonce and jay z were outbid” stories are all fake.

    They don’t buy houses and only own one – in NYC. They just rent them otherwise.

    • Me says:

      I tend to agree about the outbid stories. The WORSTler residence languished on the market. Why did a bidding war spontaneously errupt ?

  20. James says:

    Come on… Why this house, Beyoncé, Jaz-Z?! I know it would take a while, but all this searching could’ve been used to buy a few plots of land, bulldoze the present houses and build yourselves a nice house to your own taste.

  21. ME says:

    Mega mansion????

    Why don’t they call it the Hotel Z.

  22. Mr & Mrs Carter, you’re rich and successful. The whole world knows it. You don’t need to prove anything by living in a $93 million house. I hope this story isn’t true because it would be a dumb decision.

  23. Miss M says:

    The master bedroom is 5,300 square feet, how ridiculous is this, who needs a bedroom this big!! You must seriously stupid or very low self esteem, if you were to purchase this house! I mean unless you have 15 plus people in your family its ridiculous!! Greed and superficial-ness at its finest!!

  24. Betty says:

    Please give us a break. Do you think the public cares about what these two fools are doing. They have made a mockery of news with all their stories and people are sick of them.

  25. Mike says:

    Looks like a hotel.

  26. willtheyuseEVerify says:

    Boy, it will take a whole lot of illegal aliens to keep that monster building – too big to be a ‘home’ – in shape.

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