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Let’s hope the third time’s the charm for the nation’s most famous serial renters. Power couple Beyoncé and Jay Z are expecting twins this summer and are ready to put down roots in SoCal. Finally. For real.
The duo have reportedly put in a $120 million bid on a Bel Air, CA, mansion in one the nation’s most elite enclaves. Over the past couple of years, they’ve lost out on two other Los Angeles–area homes that piqued their interest.
According to The New York Post, their latest offer is for a stunning, eight-bedroom, 11-bathroom, gated estate on a hilltop. It has four pools, a recording studio, basketball court, 15-car garage, and spectacular views of downtown Los Angeles. Agents who have set foot on the exclusive property spoke with us and confirmed the mansion’s magic.
The newly remodeled 30,000-square-foot home sits on a 2-acre lot at 454 Cuesta Way in the uber-exclusive East Gate area. If the bid is accepted, Bey, Jay Z, and daughter Blue Ivy will be neighbors to Salma Hayek, Tom Jones, and former Disney boss Michael Eisner, among others.
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“This is the best of the best when it comes to new, modern estates,” says Josh Altman, one of the agents who star on Bravo’s “Million Dollar Listing Los Angeles.”
Altman, who recently toured the home, tells us, “There [are] some houses on the market that are overpriced. This is not one of them. In my opinion, this house is worth every penny.”
The mansion, which isn’t officially listed on the market, was being shopped around for $135 million. Designed by famed Irish architect Paul McClean, it’s a showcase of his favorite concepts. McClean’s homes are known for open designs merging indoor and outdoor living, maximizing natural light, and showcasing stellar outdoor views.
The Bel Air compound has a total of six buildings, including staff quarters and a spa with a hot tub, sauna, and steam room.
“My first impression is this is a house built for royalty,” says legendary broker Dolly Lenz, who was blown away by the limestone floors, indoor and outdoor fireplaces, and circular staircase carved from a single piece of wood and lined with leather.
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“It’s open and airy with indoor-outdoor living where you push a button and all the huge, heavy doors [to the home] fall into the walls seamlessly, as if they were never there, opening up to the gardens and the pools. It’s unbelievable to watch it happen,” says Lenz.
The star couple have been searching for a home in Los Angeles for at least three years. They reportedly lost out to Minecraft founder Markus Persson in 2014 on a 23,000-square-foot spec mansion in Beverly Hills, CA. Two years later, they were allegedly beat out on a different Beverly Hills mansion, by designer Tom Ford. He had bid $50 million on the 14,000-square-foot home that was once owned by actor William Powell—just a million more than Beyoncé and Jay Z’s offer.
Here’s hoping the megastars finally snag their dream home before the twins make their debut.
“It’s perfect for a young family like Beyoncé and Jay Z,” says Lenz, who touted the children’s wing, which she says is close, but not too close, to the master bedroom. “You have some privacy, but you can still hear the babies crying.”
The post Inside the Bel Air Mansion Jay Z and Beyonce Want to Buy for $120M appeared first on Real Estate News & Advice | realtor.com®.
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