When it comes to entertainment’s most powerful couple, you already know everything about them goes down big time.
An exquisite compound in Malibu, California, once rented by entertainment power couple Bey and Jay has sold for roughly $50 million, according to people privy with the deal. It is the latest mega-deal to close in the affluent beach city.
We gathered the property had been asking $54.5 million last year, but wasn’t formally on the market at the time of the deal.
The gated property, known as La Villa Contenta, sits on roughly 6.3 acres and has landscaped gardens overlooking the ocean. The elaborate main villa has hand-laid mosaic floors, carved limestone ceilings, working fireplaces, twin 18th-century chandeliers of amethyst and rock crystal and a 2,500-year-old lion’s head sculpture found at the base of Mount Vesuvius, according to the listing from last year. The lower portion of the house has a billiards room, a wine cellar, a screening room and a gym.
There is also a guesthouse, additional office structures and a ballroom on the site. A pool pavilion constructed from carved marble has changing rooms panelled in onyx and decorated with shells.
The grounds include hundreds of specimen trees and plantings, a manicured lawn, a desert garden and a rose garden. There is also an outdoor infinity pool and a tennis court.
Records show that the seller is investor Richard Weintraub, whereas the buyer is a company linked to Behdad Eghbali, a partner at a private investment firm based in Santa Monica, California.
Beyoncé and Jay-Z rented the property last year following the birth of their twins, Rumi and Sir, though it has not been officially confirmed by the spokesperson for the couple.
Malibu has also seen a string of high-profile sales in recent months, including the record-setting $110 million sale of a home owned by Hard Rock Cafe founder Peter Morton in April.