JAY-Z and Beyoncé, photographed leaving their home in Los Angeles, as they headed to Oakland to watch Kevin Durant’s Golden State Warriors take on the New Orleans Pelicans in the first game of the Western Conference semi-finals.
Their purchase of the property became public in July 2017, but as Hov spoke on their new manse on “MaNyfaCedGod” we can safely assume the deal was settled months earlier. Although never put on the public market, the 30,000 square-foot estate carried an asking price of $135 million in private real estate conversations. Unidentified sources claim that The Carters purchased the property for $88 million; amended from the earlier $120 million rumors. The price tag made it the sixth-priciest home purchase in the history of the LA market, and the most expensive home sold in 2017. To facilitate the acquisition of the property the $1.16 billion couple took out a $52.8 million mortgage, leading to monthly repayments of $319,527 for the next 30 years.
The mansion was designed by award-winning architect Paul McClean. After training as as an architect in Ireland, he moved to the United States and founded McClean Design in 2000. His company is now one of the leading contemporary residential design firms in the Los Angeles area. McClean is the designer of the Bel Air giga-mansion “The One,” which if sold for its $500 million asking price will be one of the most expensive houses ever sold.
The Carter’s estate is located on Cuesta Way
in East Gate Bel Air, a small and affluent area of the Westside neighborhood. Also known as Old Bel Air, the area is unusual in having a rather high concentration of very large Republican Party contributors, as Los Angeles is otherwise heavily Democratic. “Grandma’s favorite, she could not understand how there’s people in the world who wouldn’t want me as a neighbor? Had to explain to her, ‘You think these folks want me in the mansion as a reminder that I make top paper?’ Black entrepreneur, nobody did us no favors. Nobody gave us shit, we made us.”
30,000 square-feet of living space is spread across six structures on a 1.56-acre property. The home has eight bedrooms, with the master bedroom having one en suite and substantial private wardrobe each. There are 11 bathrooms with non-touch toilets and Gessi faucets and features. Features include touch-open glass walls, a kitchen with state-of-the-art Miele appliances and custom-made cabinets and benchtops imported from Italy, limestone stairs,
marble walls and flooring, an elevator in the center of the home, and a
entertainment room. There is also a marble-walled in-home wellness and fitness facility, featuring two spa rooms, a 12-person whirlpool, two steam rooms, and a fitness room akin to a LA gym. The couple’s bid included an extra $10 million for the staging and furnishing of the home, so it was move-in ready.
Property features include a rooftop helipad, a 15-car garage and carport,
a full-size basketball court, bulletproof windows, four swimming pools, separate staff quarters, and a tree-lined waterway that meanders around the entire property. There is also more than 10,000 square-feet of Italian marbled terrace space for indoor-outdoor living.