Breaking records is what they do. This time, with real estate.

Beyoncé and Jay-Z have just bought a new home, according to TMZ and Architectural Digest. The digs, boasting 30,000 square feet along the Pacific Ocean in Malibu, cost the couple $200 million. This makes it the most expensive purchase for a private residence in California. 

It stomps the previous record, the $177 million price tag that Netscape co-founder Marc Andreessen paid for his place, also in Malibu, in 2021. That busted Jeff Bezos’s record of $160 million for a Beverly Hills home in 2020. (We’re not looking up fourth place! Gold, silver, and bronze are all that count, zillionaires!)

The music industry power couple’s new home is also the second most pricy real estate purchase in the United States. The penthouse at 220 Central Park South cost Kenneth Griffin, founder and CEO of Citadel, $238 million in 2019. There is a real, really good Italian ice vendor just steps away from Griffin’s pad. I go there all the time. 

The new Knowles-Carter estate in Malibu was designed by the self-taught Pritzker Prize-winning Japanese architect Tadao Ando, best known in the U.S. for building the Modern Art Museum of Fort Worth. The home was created for Bill Bell Jr., an heir to a soap opera fortune. (Yes, you read that correctly. Bell’s parents, William and Lee Phillip Bell created The Young and the Restless and The Bold and the Beautiful.) It took Bell Jr. “over a decade and a half to finish construction on the concrete property,” according to Architectural Digest. The broker for the deal was Kurt Rappaport of Westside Estate Agency, whose other clients include Tom Cruise, Brad Pitt, and Madonna. V.F. has reached out to the couple for comment. 

In addition to the new place, the couple own homes in Lower Manhattan (the TriBeCa pad where they were married) and an $88 million mansion in the Bel Air section of Los Angeles. It is unclear if they still own a fire-damaged mansion in New Orleans (they listed it for sale, then took it off the market in 2021.)

Images of the new home can be found on many pages dedicated to Ando’s work, if you use the keywords Bell and Malibu. But be careful. Be sure you are looking at the right one, because Ando built another beachside Malibu home for financier Richard Sachs in 2013, which was purchased in 2021 by Kanye West for $57.3 million. (Peanuts compared to what Beyoncé and Jay-Z paid.) The 4,000-square-foot home is reportedly in a state of disrepair right now, with unfinished remodeling projects dragging on.

Beyoncé is currently on the first leg of her Renaissance World Tour, which kicked off in Stockholm, Sweden less than two weeks ago. After five nights in London at the end of May and early June, she hits France, Holland, and Germany before coming to North America. The first gig on this side of the Atlantic is July 8 in Toronto, and everything wraps up on September 27 in New Orleans. The three nights at SoFi Stadium in Inglewood, California in early September means she may get to spend some quality taking in the oceanside views at her new place.