Beyoncé and Jay Z reportedly renting lavish Malibu estate for $400K per month

Power couple/new parents Beyoncé and Jay Z and their family have reportedly taken up residence in a decadent Malibu estate known as La Villa Contenta.

Trulia and Variety say the world-famous couple and their growing family are renting the property, which has listed rates of $400,000 per month—the summertime premium for the estate. (In the colder months, it rents for a mere $350,000).

The 6.3-acre spread has been for sale for several years, and is concurrently listed for a heart-stopping $54.5 million. It’s hidden behind a large gate and towering hedge, and offers unobstructed views of the ocean.

The main residence is an explosion of all the most decadent finishes and decor possible: a foyer with hand-laid mosaic tiles, a dining room with a carved limestone ceiling and matching eighteenth century crystal and amethyst chandeliers, a marble fireplace by Hermes in the library.

The property also features a six-bedroom guest house, a greenhouse—one of the largest private greenhouses in the state, the listing copy claims—and an elaborate building devoted to housing the estate’s indoor pool, which is tiled with famed Italian Murano glass.

Beyoncé and Jay Z had previously rented homes in Holmby Hills and in Beverly Hills, but this coastal rental is their most expensive by far.

Rumors have circulated that the couple bid on a couple of houses in Los Angeles’s high-end neighborhoods (Bel Air, Beverly Hills), but they have yet to make a purchase.

• Beyonce and Jay-Z Bringing Twins Home to Swank $400,000 a Month Malibu Rental [Trulia]
• Jay Z and Beyoncé Shacking Up For the Summer in Epic Malibu Compound [Variety]
• LA’s most expensive rentals [Curbed LA]