`Money, cash,’ house: Jay-Z, Beyoncé purchase $200M Malibu property

Power couple Jay-Z and Beyoncé bought a mansion considered a masterpiece in architecture, paying a record sum of $200M for a 30,000-square-foot (roughly 2,700 square meters) home in Malibu.

TMZ, quoting a real estate source, said it was the most expensive home ever purchased in California. It is also the second highest-priced in all of the United States – next only to a $238M apartment in New York City.

The couple, who built an empire on their brand of music both as singers and producers, reportedly cut a good deal for the property which was originally listed as $295M.

The home is nestled on a bluff, a steep shoreline slope looking out to the scenic Pacific Ocean in the Paradise Cove area otherwise known as the "Billionaires' Row."

It was designed by Tadao Ando, a Japanese master architect, who also reportedly designed the house of Kanye West also in Malibu.

Originally owned and built by William Bell, one of the biggest art collectors in the world, the home took almost 15 years to build.

The network reported that the Malibu mansion is the couple's second biggest purchase in Los Angeles after acquiring an $88M property in Bel-Air.