Malibu · Provenance Record
27712 Pacific Coast Highway
$200,000,000 · recorded 2023
Paradise Cove, Malibu, CA
Art collectors William and Maria Arena Bell bought the nearly 8-acre Paradise Cove bluff for $14.5 million in 2003 and spent the next fifteen years building a 40,000-square-foot, all-concrete residence with Pritzker Prize–winning architect Tadao Ando — one of only a handful of Ando-designed homes in the United States. Beyoncé and Jay-Z bought the finished estate for $200 million in May 2023, briefly the most expensive residential sale in California history.
Sale Price
$200,000,000
Record Date
May 2023
Status
Closed
Property Type
Single-Family Estate
Listing Agent(s)
Listing Brokerage
Westside Estate Agency
Buyer’s Agent(s)
Buyer’s Brokerage
Westside Estate Agency
Ownership Lineage
Every press-verified change of hands on record for this property, in order.
Purchased · $14,500,000
William and Maria Arena Bell buy the bluff site
Art collectors William Bell Jr. (son of soap opera creators William J. Bell and Lee Phillip Bell) and Maria Arena Bell purchase the nearly 8-acre Paradise Cove Bluffs oceanfront site for $14.5 million.
Sources: EverybodyWiki (WSJ, LA Times cited), Wikimapia
Built
Bells commission Tadao Ando to design the estate
The Bells commission Pritzker Prize–winning Japanese architect Tadao Ando, working with WHY Architects and builder Peter McCoy, to design a 40,000-square-foot all-concrete modernist residence. The project, requiring more than 7,600 cubic yards of specially treated concrete, takes roughly 15 years to complete due to the oceanfront site, soft soil, and California building codes.
Sources: Wikipedia, USModernist
Sold · $200,000,000
Beyoncé and Jay-Z buy the estate, a new California record
The married couple purchase the estate through a trust for $200 million, at the time the most expensive residential sale in California history, surpassing the $177 million paid for the adjacent property by Marc Andreessen in 2021. Kurt Rappaport of Westside Estate Agency represents both the buyers and the seller. The asking price had been $295 million.
Sources: The Real Deal, Inman, Wikipedia
Press Citations
Every fact on this page traces to one of these sources.
The Real Deal
Jay-Z, Beyoncé Break California Record with $200M Malibu Purchase
The Real Deal reported the record purchase, naming Bill Bell Jr. as the seller and Kurt Rappaport as representing both sides of the transaction.
May 2023
Inman
Beyoncé, Jay-Z Obliterate California Record With $200M Home Purchase
Inman detailed the Bell family's real estate history and confirmed Kurt Rappaport represented both buyers and seller.
May 2023
Wikipedia
Background on Tadao Ando's design commission and construction timeline, and the 2023 sale through a trust.
USModernist
USModernist documented the 2014 completion date and confirmed the 2023 sale price to Beyoncé and Jay-Z.
How This Record Was Verified
- Method
- Compiled from public property records and their named press citations. This lineage reflects only transactions independently confirmed by the sources cited.
- Open entries
- None identified in the sources reviewed.
- Sources
- Every fact above carries its own citation, linked in the Press Citations section. Sourced from The Real Deal and Inman.
- Corrections
- Unconditional and not contingent on any commercial relationship. See Corrections Policy.