The Carters have officially moved to the West Coast.
Beyoncé and Jay-Z dropped a whopping $88 million on a Bel Air mansion.
via Los Angeles Times:
Completed this year, the monolithic showplace comprises six structures with about 30,000 square feet of interior space. Expansive patios and terraces create an additional 10,000 square feet of living space outdoors.
Amenities include spa and wellness facilities, a media room and four outdoor swimming pools. Glass-walled common areas open on two sides to access panoramic views. The pocketing glass doors and windows are bulletproof.Also within the approximately 2-acre compound is a full basketball court and separate staff quarters. There is garage space for 15 vehicles as well as a motor court and an area for staff parking.
The home was developed by Dean McKillen, the son of Irish billionaire and property investor Paddy McKillen, who four years ago purchased the property through a corporate entity for $15 million.
The new development was never publicly offered for sale but carried an asking price of $135 million.
The couple are carrying a mortgage amount of $52.8 million, records show, which amounts to 30 years of monthly payments at $252,075 based on an interest rate of 4%.
To put that into perspective, that’s roughly 40% of the July median sales price — $610,000 — for single-family homes in Los Angeles County, according to CoreLogic. It’s also about $50,000 more than the U.S. median home value of $200,400, according to Zillow.
Congrats to Bey and Jay! Check out some exclusive photos of the property mid-construction in the gallery above.