Truth matters. Community matters. Your support makes both possible. LAist is one of the few places where news remains independent and free from political and corporate influence. Stand up for truth and for LAist. Make your year-end tax-deductible gift now.
This is an archival story that predates current editorial management.
This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial standards. To learn more about those standards and why we make this distinction, please click here.
Are Beyoncé And Jay Z Finally Settling Down In L.A. On This $120 Million Pile Of Dirt?
Mazel tov to the young couple! Beyoncé and Jay Z have put down an offer on what may become their first Los Angeles home (even if this is the third time in as many years they've made an offer).
According to The Real Deal, the Carters have offered $120 million for an eight-bed, 11-bath property in Bel Air's East Gate community. Realtor.com adds that the home sits on two acres, has four pools, a basketball court, recording studio, 15-car garage, and staff quarters.
"This is the best of the best when it comes to new, modern estates," Josh Altman of Bravo's Million Dollar Listings Los Angeles said of the 30,000-square foot estate at 454 Cuesta Way.
“It’s got beautiful scale, beautiful volume,” Jeff Hyland, of Hilton & Hyland, who listed the property, told The Real Deal. He adds that the home's price reflects the strength of L.A.'s luxury home market, citing Daren Metropoulos' recent $100 million purchase of the Playboy Mansion (the first nine-digit real estate buy in the city's history), followed quickly by Tom Gores' nine-digit purchase on Carolwood Drive. “From now on, every time there’s a major high-end sale, it will break the existing record. The bar keeps getting raised," Hyland continued.
Jay Z and Beyoncé moved to Los Angeles in 2014, reportedly because Gwyneth Paltrow convinced Jay and Beyoncé of sending their daughter, Blue Ivy, to a certain $19,000-a-year private school. The family has been renting a $135,000-a-month, seven-bedroom, eight-and-a-half bath estate in Holmby Hills ever since.
Might the third time be a charm for the Carters? As Hyland speculates, “I think at some point, Beyoncé turned to Jay Z and said, ‘Shawn Carter, let’s just do this. Let’s settle down.’”
You come to LAist because you want independent reporting and trustworthy local information. Our newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our connected community. We are free to tell the full truth, to hold power to account without fear or favor, and to follow facts wherever they lead. Our only loyalty is to our audiences and our mission: to inform, engage, and strengthen our community.
Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive before year-end will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive before year-end will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Senior Vice President News, Editor in Chief
