Public records show that Jay-Z and Beyonce purchased their Bel-Air mansion earlier this year for $88 million through blind trusts. And in order to facilitate the purchase, they took out a mortgage of $52.8 million. If we spread that amount out to the standard length of 30 years, with an interest rate of four percent, this means that Jay and Bey will be shelling out $252,075 a month for their property. That $252,075 amount is about 40 percent of the median sales price for homes in Los Angeles County last month; $610,000. In addition, it’s over $50,000 more than the media home value in the United States; $200,400. Jay-Z and Beyonce’s Bel Air mansion features 30,000 square feet of living space, spa and wellness facilities, four outdoor swimming pools, media room, separate staff quarter, and a full-size basketball court. The property was developed by Dean McKillen, who bought the property through a corporate entity four years ago for $15 million. Jay Z and Beyonce’s purchase is now the highest home sale of 2017 in Los Angeles County, and is the fifth highest home sale of a single family home in Los Angeles.
