- Oakley founder James Jannard has sold his Malibu home for $210 million, surpassing the $200 million record set by the power couple last year.
- The property, which has eight bedrooms, 14 bathrooms, and 9.5 acres of land, includes 300 feet of ocean frontage and is one of the most luxurious homes in the U.S.
- Jannard purchased the mansion for $75 million in 2012 and has owned it for over a decade.
Newsypeople- Beyoncé and Jay-Z’s relationship spans over two decades, marked by both personal and professional milestones.
They first met in 1999 or 2000 when Beyoncé was 18, and they began dating in 2001 after becoming friends for a year and a half.
:max_bytes(150000):strip_icc()/GettyImages-1161994856-b3bd93e88fb341b0beb1741cadea1619.jpg "Jay-Z And Beyoncé's $200M Real Estate Record Broken By Oakley Founder")
Their relationship deepened over the years, leading to a secret wedding on April 4, 2008, described as emotional and spiritual, with the ceremony taking place at Jay-Z’s Manhattan penthouse adorned with 70,000 dendrobium orchids from Thailand.
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Jay-Z And Beyoncé’s $200M Real Estate Record Broken By Oakley Founder
Jay-Z and Beyoncé’s record-breaking $200 million real estate purchase in Malibu has been shattered by Oakley founder James Jannard, who sold his Malibu home for $210 million. This marks the most expensive sale in California history, surpassing the couple’s own record set last year.
JAY-Z & Beyoncé's $200M real estate record destroyed by Oakley founder
— HipHopDX (@HipHopDX) June 19, 2024
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Jannard’s Malibu mansion, which he purchased for $75 million in 2012, boasts eight bedrooms, 14 bathrooms, and 9.5 acres of land, including 300 feet of ocean frontage.
The property is one of the most luxurious homes in the United States, featuring a unique combination of modern design and natural beauty.
In contrast, Jay-Z and Beyoncé’s $200 million Malibu estate, designed by renowned architect Tadao Ando, covers 30,000 square feet and includes a full-sized basketball court, four outdoor swimming pools, a spa, and staff quarters across a two-acre estate.
The couple purchased the property last year after being outbid multiple times over the past three years, during which they rented out an L.A. mansion for $150,000 a month.
The couple’s real estate portfolio is extensive, with a $88 million Bel-Air mansion purchased in 2017, which features 30,000 square feet of living space, a full-sized basketball court, four outdoor swimming pools, a spa, and staff quarters across a two-acre estate.
They also own the world’s most expensive car, a $28 million Rolls-Royce Boat Tail convertible, which was built for the French Riviera where they regularly vacation.
This significant shift in the luxury real estate market in Southern California marks a new milestone in the region’s history, with Jay-Z and Beyoncé’s record-breaking purchase being surpassed by Jannard’s sale.
The couple’s penchant for modern, expansive residences is evident in their various real estate acquisitions, which have become a hallmark of their luxurious lifestyle.
Unique Features Of The Malibu Mansion Sold By James Jannard
James Jannard’s estate is truly one-of-a-kind, spanning an impressive 9.5 acres with 300 feet of prime oceanfront. The main house, designed in the Palladio style by Ferguson & Shamamian Architects, encompasses over 15,000 square feet with eight bedrooms and 14 bathrooms.
The interiors of the mansion were meticulously curated by acclaimed designer Michael S. Smith, who is known for his work on the Oval Office renovation in the White House. The formal living spaces feature ornate columns, beamed ceilings, and expansive steel-and-glass windows that offer breathtaking views of the Pacific Ocean.
In addition to the main house, the estate boasts a vast courtyard with a garden at the front, as well as a flat lawn with a pool overlooking the ocean at the back. The property also includes a gym and a pair of guesthouses, providing ample space and amenities for the new owner and their guests.
The sale of this extraordinary Malibu estate not only sets a new record in California but also highlights the continued demand for ultra-luxury properties in the region. Malibu has firmly established itself as a premier destination for the wealthy, with the city now holding the three highest home sales in the state’s history.
The discreet nature of the transaction, with the property never officially listed on the market, adds to the exclusivity and prestige of this record-breaking sale. The identity of the buyer, a Delaware-based limited liability company, remains a closely guarded secret, further adding to the mystique surrounding this remarkable real estate deal.
