Record Sale — California
27712 Pacific Coast Highway, Malibu
Malibu, CA
The Tadao Ando-designed estate above Paradise Cove sold to Beyoncé and Shawn Carter for $200 million in May 2023, at closing the highest price ever recorded for a California residence. Kurt Rappaport of Westside Estate Agency represented both buyer and seller.
PROPERTY TYPE
Single-Family
SPECIFICATIONS
Approximately 8 acres of blufftop land above Paradise Cove; Tadao Ando design
LISTING BROKERAGE
Westside Estate Agency
BUYER'S BROKERAGE
Westside Estate Agency
PROVENANCE
Commissioned by television producer William Bell Jr., who acquired the site in the late 1990s for $14.5 million and engaged Tadao Ando to design the concrete and glass residence, completed in 2014. Privately offered at $295 million before the $200 million closing, a California record at the time and the second largest United States residential sale on record.