Beyoncé and JAY-Z have purchased a luxurious 30,000-square foot home in Malibu.
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The property was bought for a record-breaking price tag of $200 million, making it the largest real estate transaction in California history.
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This purchase is the second most expensive home real estate deal in US history, following a $238 million transaction in New York City.
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The power couple got a good deal, as the property was originally listed for $295 million.
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The home was designed by Japanese architect Tadao Ando and took 15 years to build by its previous owner, art collector William Bell.
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The property is located on an 8-acre lot overlooking Malibu's Paradise Cove.
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Beyoncé and JAY-Z's combined net worth of $2.5 billion likely facilitated the purchase of the lavish home.
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