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Beyonce and Jay-Z have made a historic real estate purchase and shattered previous California home price records in the process, Daily Mail reports.

The Crazy in Love singer, 41, and the hip hop mogul, 53, bought a lavish Malibu mega-mansion for a whooping $200 million, making it the most expensive home ever sold in the state of California, as per TMZ.

The power couple — who also own a mansion in the swanky Bel Air neighborhood — took the record from their new neighbor, venture capitalist Marc Andreessen, who bought his home next door for a staggering $177 million in 2021.

The purchase of the 30,000-square-foot concrete compound is also the second most expensive real estate deal in the country, right after a $238 million apartment in Central Park South in New York City, bought by hedge fund giant Ken Griffin in 2019.

Once Beyonce finishes her Renaissance World Tour, she will be able to return to her new luxury home, located on an 8-acre bluff that overlooks the Pacific Ocean in the Paradise Cove area, also aptly nicknamed Billionaires' Row.

Despite paying the exuberant price, the duo — who share three children: daughter Blue, 11, and five-year-old twins Rumi and Sir— actually got a deal on the home, which was first listed for a hefty $295 million.

The L-shaped compound features vast concrete hallways as well as floor-to-ceiling glass panels as shown in photo taken by Morley Construction.

The expansive backyard boasts a pool and ends with a cliff that overlooks the beach.

The home, built with high concrete walls and offering plenty of space, was designed by Japanese master architect Tadao Ando, who is also working on Kanye West's Malibu home.

Since marrying in 2008, the couple have invested in a number of different real estate purchases.

In the following years they have owned and sold homes in New York City, New Orleans, the Hamptons, Miami Beach and Los Angeles according to Architectural Digest.

The house is the pair's second large real estate purchase in the Los Angeles area. They previously bought a similar-looking mansion for a staggering $88 million in Bel-Air.