Beyoncé and Jay-Z broke a real estate record with the acquisition of their new Malibu mansion.

TMZ reported on Friday that the music titans paid $200 million for a 40,000-square-foot property in the Paradise Cove neighborhood, citing real estate industry insiders.

The exоrbitant price tag makes the mansion the most expensive property ever sold in California, dethroning a Malibu residence purchased for $177 million by venture billionaire Marc Andreessen in 2021. But that’s not the end of the narrative.

It did not break the record for the most expensive home sale in the United States. That record is still maintained by a Manhattan penthouse purchased for $238 million by hedge fund billionaire Kenneth C. Gryphon four years ago.

But that was a bit of a deal. According to TMZ, Beyoncé and Jay-Z got their Malibu home for $95 million less than the asking price. According to the news site, the couple paid the home in cash for $200 million.

Kurt Rappaport, the celebrity real estate agent who allegedly negotiated the purchаse, did not immediately answer to Fortune’s request for comment.

The concrete compound, which overlooks the Pacific Ocean, naturally comes with a swimming pool, and sits on eight acres of land. Designed by famed Japanese architect Tadao Ando, the property was commissioned and owned by soap opera veterans turned renowned art collectors William and Maria Bell, with the project reportedly taking 15 years to complete.

The Daily Mail reported last month that Ando had been working on the development of a Malibu mansion for rapper Kanye West, known as Ye—but construction is said to have been stalled since Ye was dropped from several business partnerships following a series of public anti-Semitic outbursts.

Beyoncé and Jay-Z’s latest property purchаse adds to a luxury property portfolio that includes a $100 million Bel Air mansion, which the couple are reportedly holding on to alongside their new Malibu home.

Earlier this year, Jay-Z, Shawn Carter, saw his net worth reach $2.5 billiоn, with his fortune boosted by a vast business empire.

Beyoncé, meanwhile, had an estimated net worth of $450 million by the end of 2022, according to Forbes. However, her wealth is likely to be boosted by her upcoming Renaissance World Tour, which is expected to earn almost $2.1 billiоn.