Beyonce, Jay Z issued with notice to move out of Sh15.8 M a month mansion


BEYONCE-HOME
BEYONCE-HOME

Celebrity power couple Beyonce and Jay Z may soon find themselves homeless in Los Angeles after their lavish Holmby Hills mansion was sold, says TMZ.

While the eye-catching property is officially listed as having an offer pending, the website adds that its owners have accepted an offer for the currently listing price $35.5 million (Sh3.7 billion).

Jay Z and Beyonce have two months to vacate the establishment since the sale has a 60 day close.

The couple had rented the property in February 2015 as they could not find a suitable home.

So tough was their house hunt that they happily dropped $150,000 (Sh15.8 million) a month to stay there.

TMZ further reports the musical pair were offered a chance to outbid the new owners but declined.

The site had originally reported that the singer and her rap icon husband had managed to knock the owner’s monthly asking price down from $200,000 (Sh21 million) on the agreement that they would stay in the home long term, namely a minimum 12 months.

The period has not yet even elapsed. However, the sale could be a blessing in a disguise for the couple and their daughter Blue Ivy as they can get out of the deal and find permanent residence.

The property was originally listed at $48 million (Sh5.1 billion) before Bey and Jay moved in – appears having musical superstars living in your home before you causes depreciation.

Spread over 16,000-square-feet, the minimalist white facade home has seven bedrooms, nine bathrooms and a dramatic two-storey living room.

Their lavish home embraces the outdoors thanks to giant glass windows. Perfect for a celebrity’s lifestyle, the private house sits on 1.4 acres of ‘park-like grounds’.

However these grounds can also be shared with family and friends, as its outdoor entertainment space includes 6,500-square-feet of terrace space as well as a giant infinity pool.

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Brian Okoth
Story By Brian Okoth
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