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Tanza Loudenback / BusinessInsider.com
September 26, 2017

This story originally appeared on BusinessInsider.com.

It was an expensive summer for Beyoncé and Jay-Z.

Less than two months after the billion-dollar power couple purchased a two-acre hillside estate in Los Angeles for $88 million, they've scooped up a $26 million Hamptons property, reported Trulia.

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They will be paying $69,658 a year in property taxes for the 12,000 square-foot mansion, which is located in East Hampton, New York, and sits adjacent to the exclusive Georgica Pond. Lori Schiaffino of Compass held the listing.

The Carters currently hold Forbes' title of the highest-paid celebrity couple in the world, with a combined fortune of $1.16 billion.

The entertainment moguls have famously been serial renters, only recently settling down as homeowners after the birth of their twins in June.

Designed by architect Stanford White and built a century ago, the home has been renovated and expanded over the years to incorporate new, modern amenities. The latest renovation was designed and sourced by builder Jeffrey Collé.

Courtesy of Trulia

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The property includes a detached, 1,800-square-foot guest cottage. There's also a 45-foot-long infinity pool and accompanying spa.

Elevated on a two-acre site with over 200 feet of waterfront on Georgica Pond, it's private and secluded. The previous owner reportedly rotated the original house 90-degrees to frame the views of the waterfront from the living room.

Courtesy of Trulia

The 12,000-square-foot home has seven bedrooms and seven-and-a-half bathrooms — plenty of space for the couple and their three children.

Courtesy of Trulia

Courtesy of Trulia

Custom design and hand-milled woodwork are visible throughout the house. The bathrooms are sculpted with marble from Verona, Italy, according to the listing.

Courtesy of Trulia

Related: A 300-square-foot NYC Apartment Is on the Market for Hundreds of Thousands — and It's Surprisingly Impressive Inside

The home boasts heated floors and numerous stone-carved fireplaces. And a 4,000-square-foot basement has 10-foot ceilings, a laundry room, and a three-car garage.

For more information and photos of the home, visit the website of the home's designer and builder, Jeffrey Collé.

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