This story originally appeared on BusinessInsider.com.
It was an expensive summer for Beyoncé and Jay-Z.
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.
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.
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.
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.
Custom design and hand-milled woodwork are visible throughout the house. The bathrooms are sculpted with marble from Verona, Italy, according to the listing.
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.