Beyonce and Jay Z Make $120 Million Offer for Los Angeles Mansion

BUYERS: Beyonce and Jay Z
LOCATION: Los Angeles, CA
LISTING PRICE: $135,000,000
SIZE: (approx.) 30,000 square feet, 8 bedrooms, 11 bathrooms

YOUR MAMA’S NOTES: Wildy rich pop culture supernovas Beyonce and Jay Z were reported in the Page Six column of the New York Post to have made a heart stopping $120 million bid for a brand spanking new, never lived in spec-built mansion in the tony Bel Air area of Los Angeles. The property in question was not listed on the open market but was being shopped around to the deepest of deep-pocketed buyers with an astronomical asking price of $135 million. It’s no secret the couple, currently preggers with twins, have been on a multi-year house hunt for a West Coast trophy estate but, for what it’s worth, one of the high-powered Platinum Triangle real estate movers and shakers we yammered with, who confirmed an offer was proffered, expressed skepticism about the reported $120 million figure.

Designed by architect Paul McClean and built by high-end property developer Dean McKillen, son of Irish tycoon Paddy McKillen, the boutique-hotel sized mega-manse sits behind massive woven metal gates at the end of an olive tree-lined and stone-paved driveway on a 1.88-acre hillside parcel in the plummy heart of prime East Gate Bel Air with panoramic city views over the rooftops of surrounding mansions. Linked by a spectacular circular staircase luxuriously lined with butter soft leather, the multi-level residence encompasses around 30,000 square feet of interior space spread over six ultra-contemporary structures that spill out through automated floor-to-ceiling glass panels to more than 10,000 square feet of outdoor living areas. According to marketing materials and press accounts, there are eight bedrooms, eleven bathrooms, an astonishing four swimming pools, a basketball court, garaging for up to 15 cars and separate staff quarters. Additional features include a library/office, a screening room, space for a recording studio and a spa/fitness suite with gym, hot tub, sauna and steam room.

The music and entertainment industry heavyweights, with a staggering 43 Grammys between them and a combined fortune the bean counters at Forbes estimate at about $900 million, have spent the last several years peeping and poking around some of the highest priced properties in Los Angeles. In the spring of 2013 there were unsubstantiated reports the couple wanted to buy Cher’s Malibu home — they didn’t — and the following year they were widely rumored to have been outbid on a 23,000-square-foot spec-built mansion in the Trousdale Estates area of Beverly Hills that went for $70 million to Minecraft creator Markus “Notch” Persson. Over the summer of 2016 there was a mountain of unconfirmed scuttlebutt the couple had set their real estate sights on another spec-built mansion, a 30,000-square-foot contemporary on 3.2 acres in Holmby Hills that was first listed at $150 million, but it was sold to billionaire investor Tom Gores in a complex $100 million deal in which several properties changed hands. Later in the year they were widely reported to have been outbid by designer Tom Ford on the former Beverly Hills estate of “James Bond” producer Albert Broccoli, now owned by Brad Korzen and maximalist decorator Kelly Wearstler — Ford didn’t buy the Broccoli/Korzen/Wearstler spread and instead dropped $38.75 million for the Holmby Hills estate of late socialite Betsy Bloomindale — and, finally, just last month the couple were rumored to have had some interest in the 56,500-square-foot former Spelling mansion, now owned by Formula One Racing heiress Petra Ecclestone and listed for a mouth-drying $200 million.

Time will tell if the couple, who maintain an 8,300-square-foot penthouse in lower Manhattan’s Tribeca neighborhood, move forward with the purchase of this latest home in Bel Air but for the time being the couple, who have bounced around to several prodigiously pricey Platinum Triangle rentals over the last few years, currently occupy a lavish estate across the street from the Playboy Mansion in Holmby Hills for which some reports suggest they shell out $150,000 per month. Once owned Baby Face Edmonds and later by former Dodger’s co-owner Jamie McCourt who sold it in 2015 for $45 million to the current owner, a British billionaire, the 2.61-acre spread offers a super-luxe 20,637-square-foot European-style villa with five bedrooms and six bathrooms plus an indoor Olympic-length swimming pool, a separate guesthouse and detached staff quarters.

Listing photos: Hilton & Hyland

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    1. What is insane is instead of worrying about what people choose to do with their money that they earn, yet we don’t hold our government responsible for excesses speaks volumes. If you want to take this personal, then I’d suggest you go take a gander @ FORBES richest! I am sure you would find a gaggle of millionaires to billionaires to find exception with or NOT? Stop saying what the rich are not doing by way of charity unless you know for sure or giving money that you also can afford to do so. They are not here to support the world, we are to hold our Administration’s feet to the fire, not celebrities nor kazillionaires. There are many zillionaires in the White house now and are rolling back a lot more than buying a mansion. Pick battles wisely. Everyone has one life to live it’s not a dress rehearsal. For everyone who says they would be through if a millionaire or billionaire lived in excess. hmm we might not have a wealthy billionaire President. Stop judging. Do what you can for people out of your heart. Be grateful you don’t live in a society where you can’t choose to live what is afforded to you or not. I love playing with the “naires” names. Tax cuts to any naire’s that is more bothersome to me. Give the people who deserve a break tax relief, and not cut off relief to the world. Don’t choke the small people.

      • Me says:

        Kay, I believe charity is private and personal. If you brag about it then it defeats the purpose. I am glad we have people of means running the Govt who earned their fortunes. It is about time the USA gets our house in order, and time is running out. Obama left a disastrous finger print on almost every area of our Govt and frankly the world. Thankfully he and Michelle can now show their true feathers and hang out with the likes of billionaires like David Geffin and Oprah abord Geffins yacht. I wonder what the carbon footprint of that titanic is? Limousine liberals. Fakes and frauds.

    2. lil' gay boy says:

      Nice digs; not sure how comfortable I’d be in such an expensive home (I’d probably live in mortal fear of scratching or staining something), but this is well above my pay grade anyway.

      As obscene as the amount appears, real estate is still a good place to park your money (what else are you gonna do with $900M?) — and, of course, it gives them bragging rights as well.

    3. Well, if this goes through it’ll officially mark the moment in which I never give Beyonce another dime of my money. Yes, she’s incredibly wealthy and yes I am well aware that she gives a lot to charities ($100 million, though? I don’t think so). But basically anybody who chooses to spend $120 MILLION on a damn HOUSE with the world in the state it’s in is, in my eyes, shameful and disgusting. We all love beautiful homes (obviously that’s why we’re here) but there simply has to be a limit as to what’s acceptable to spend on a single family dwelling. $120 million is crossing the line into morally reprehensible, in my mind.

    4. Mrs. Smith says:

      Why don’t they give money to charity instead of spending so much money on themselves? This is what I can’t stand about these ridiculously rich people who have kids and could care less about others!

      • The Truth says:

        Beyonce and Jay Z give millions to a variety of charities. When you ignorantly characterize them as “could care less about others” (the correct phrase is “couldn’t care less”) you’re talking out of your ass.

    5. Jessica says:

      This still seems so high to me but I like the outdoor living space. I’ll attribute the 120 offer as a black tax; African-Americans typically have to overpay for their homes in white areas. I wouldn’t offer more than 80 million but I think they are tired of looking and want to move in before their twins are born.

      • Jessica says:

        Yes Black Tax; but maybe they want to safeguard some of their money by buying such an expensive home. Either way I don’t think they are dumb and probably have some of the best financial advisers. LA real estate is a pretty safe bet.

      • Me says:

        Black tax? You have to be kidding. More like they do not have a brain in their heads and their handlers (financial people) do not five prudent advice. Keep in mind their real eatate rumors are legendary. As I said below, only a fool goes in only 15m under ask, if indeed that is what happened.

    6. Me says:

      They are as dumb as they look if they went in at 120m (no doubt cash) , and they probably are.

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