Support for LAist comes from
We Explain L.A.
Stay Connected

Share This

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.

Arts and Entertainment

Are Beyoncé And Jay Z Finally Settling Down In L.A. On This $120 Million Pile Of Dirt?

We need to hear from you.
Today during our spring member drive, put a dollar value on the trustworthy reporting you rely on all year long. The local news you read here every day is crafted for you, but right now, we need your help to keep it going. In these uncertain times, your support is even more important. We can't hold those in power accountable and uplift voices from the community without your partnership. Thank you.

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. 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.

Support for LAist comes from

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.’”

Most Read