A Malibu mansion purchased by Beyoncé and Jay-Z for $190 million last year.
Courtesy of Westside Estate AgencyReal Estate
Malibu Home Coming Up for Sale Aims for Record $300 Million
California billionaires are looking past the beach town’s fire risks to send real estate values to new heights
Along the shores of Malibu, sales of lavish mansions for celebrities and California’s wealthy elite are toppling real estate records.
A 9.5-acre oceanfront estate sold in June for $210 million, the most ever for a California residence. It surpassed the high mark set just last year by superstars Beyoncé and Jay-Z, who paid $190 million for a sprawling Malibu compound. Nearby is a home purchased in 2021 by Silicon Valley luminaries Marc Andreessen and Laura Arrillaga-Andreessen for $177 million, a state record at the time.