Beyoncé, Jay-Z Buy California's Most Expensive Home Ever: Report

MALIBU, CA — Beyoncé and Jay-Z are now the owners of California's most expensive house ever sold, according to TMZ.

The couple recently paid a whopping $200 million for the estate, located on a bluff overlooking the Pacific Ocean in Malibu's Paradise Cove — AKA Billionaire's Row.

The property is jaw-dropping, but they actually snagged a deal: It was originally listed for $295 million, TMZ reported.

And that listing was done quietly — this wasn't something you could find on Zillow. Few details about the home have been made public, despite the fact that it has drawn curiosity from residents for years.

Designed by Japanese master Tadao Ando, the construction makes extensive use of concrete.

One contractor, Beeson Pervious Concrete, worked on the home's 22,500-square-feet of polished pervious concrete used in its driveway, motor court and parking areas. The contractor's website published photos of the hardscape that illustrate the home's strikingly modern design.

Then there was another concrete contractor just for the house itself. Morley Construction's website shows photos of the home's exterior, which took 7,645 cubic yards of concrete to erect.

The home was owned and built by soap opera super producer William Bell, known as one of the world's most prolific art collectors.

Architect Ando also designed the Malibu home that Kanye West bought last year for $57.3 million. That house has plenty of beach frontage like Beyoncé and Jay-Z's new pad.

The big difference — West's property sits sandwiched between other homes in one of Malibu's densest areas. Beyoncé and Jay-Z's estate is behind gates and sits on eight acres.

Read more and check out plenty of photos of the property at TMZ.

And you can check out more coverage of Malibu's most notable properties here.