We Have a Decision! Check Out Jay-Z and Beyonce's New House
You won’t believe the mortgage payments on Jay-Z and Beyonce’s new house that has an $88 million price tag!
I admit to guessing wrong about Jay-Z and Beyonce’s new house. But I’m thinking that I can be forgiven, because the $88 million dollar home they’ve finally ended up with wasn’t even on the market.
Located in Bel Air, it’s a brand new, ultra modern compound that sits on two acres and encompasses 30,000 square feet of living space in six separate structures. It has four outdoor swimming pools (because three is not enough) a full-sized basketball court, a state of the art media room and a spa and wellness center, among myriad other amenities.
Jay-Z and Beyonce’s new house could have a $252,075 monthly mortgage payment!
The Los Angeles Times says that the couple put about $35.200,000 million down an are carrying $52.8 million mortgage. That comes out to monthly payments of$252,075, based on a 30 year mortgage at 4%.
Even if I’d won the $700 million Powerball jackpot (and heaven knows I tried), I’d still be uncomfortable with payments that pricy. But the world’s hottest musical couple are estimated to be worth about 1.2 billion combined, so they’re probably not all that worried about it.
And by the way, some of the other homes I picked up for them are still for sale. They include: