Jay-Z & Beyonce’s New Bel-Air Estate Could End Up Costing $100M

With newborn twins adding to their
family, Jay-Z and Beyonce have been
not-so-secretly shopping for a new
place to call home in Los Angeles.

According to the latest report from
TMZ, they have found their dream
home, but the price tag associated with
the work the couple wants done is
inching upwards with each passing day.

The real estate deal for the Bel-Air
property, which we originally reported
on back in August, was said to be the
most expensive home purchase in the
history of Los Angeles, according to a
tweet from The Daily Beast. However,
the rumored price tag of $90 million
has now supposedly ballooned to closer
to $100 million, based on alterations
they’re making to the home. Sources
say that the couple plans to install a
backup generator, presumably to
facilitate the work environment in a
built-in recording studio, although no
cost estimate was given for this work.

However, the acquisition of new
permits has already been completed by
Jay and Bey so that they can make
$30,000 in alterations to the house
itself, as well as construct a living space
under the pools, an endeavor that will
set them back another $750,000. You can check out an aerial view of the mansion, courtesy of TMZ and Splash
News, below.

Even with all the work being done on
their California home, it’s not like hip-
hop’s most recognizable couple are
limiting themselves to owning a home
in just one location. Earlier this
summer, Jay-Z and Beyonce also picked
up a house in the Hamptons, closing
the deal at a cool $26 million.

Measuring 12,000 square feet, the two-
acre property also comes with a 1800
square foot guest cottage. The home
has a total of 7 bedrooms and 7.5
bathrooms, allowing children Blue Ivy,
Rumi and Sir plenty of space to grow
up together. Interestingly, the original
house was rotated the by 90 degrees so
the historic triple-height studio room
could morph into a 30-feet high living
room that overlooks a pond.