Did Beyonce & JAY-Z Drop $120 Million On A Bel-Air Mansion?
By TMZ
June 28, 2017
It's all over the real estate community in the area ... the house is not on the market, but it has been quietly shopped for $130 MILLION. It's 30,000 square feet on 1.86 acres, 8 bedrooms, 11 bathrooms, 4 pools, a basketball court, recording studio, spa and paddle tennis court. It's also fully furnished.
Multiple real estate sources claim the house is currently in escrow, but the amount is a mystery. Two sources claim Beyoncé and Jay-Z are paying $120 million ... way over their $75 million budget, but most other sources say they're ONLY paying around $90 million. Get this ... the people who are selling the estate bought it in 2013 for $15 million. They tore the house down and the last 4 years has been almost nonstop construction.
TMZ has reported Beyoncé and Jay have been frustrated, looking at every available property in their price range for 2 years, without success. They didn't want anything more than $75 mil. Based on what we're hearing now, it seems they made this secret deal and stretched their budget. TMZ was told the Bel-Air estate is "spectacular."
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