• > Home
  • > News
  • > Beyoncé Takes a Financial Hit on Miami Property
  • Beyoncé Takes a Financial Hit on Miami Property

    Thu, 15 Dec 2011 10:27:57

    Beyoncé Takes a Financial Hit on Miami Property - She sold it for 75 percent less than what she paid for it

    Beyoncé Photos

    • Beyoncé - LOS ANGELES, CA - AUGUST 31: Recording artists Jay Z (L) and Beyonce attend day 2 of the 2014 Budweiser Made in America Festival at Los Angeles Grand Park on August 31, 2014 in Los Angeles, California.
    • Beyoncé - LOS ANGELES, CA - AUGUST 31: Singer Beyonce Knowles (L) and rapper Jay-Z attend American Eagle Outfitters Celebrates The Budweiser Made in America Music Festival during day 2 at Los Angeles Grand Park on August 31, 2014 in Los Angeles, California.
    • Beyoncé - LOS ANGELES, CA - AUGUST 31: Recording artist Beyonce attends day 2 of the 2014 Budweiser Made in America Festival at Los Angeles Grand Park on August 31, 2014 in Los Angeles, California.

    more beyoncé photos »

    Beyoncé Videos

    • Beyonce - Die With You
    • Beyoncé - All Night

    more beyoncé videos »

    It's still a buyer's market and no one, not even Beyoncé is immune to this cold, hard fact of the economy. According to TMZ, Beyonce sold her beachfront Miami property for around 75 percent less than what she paid for it. Usually, you buy property and it always appreciates, so you make some return on your investment. Not so for Bey!

    Back in 2002, Bey bought the small cabana for $465,000. She sold it for $110,000. She must have wanted to unload it badly if she was willing to shoulder than significant of a financial loss. But something tells us the mommy-to-be's bank account ain't hurting.

    Mortgages: Yay or nay?

    —Maggie Pannacione
    12.15.11



    "Like" ARTISTdirect on facebook to get more news and info on Beyoncé

    Tags: Beyoncé

    Latest Music News

    more news headlines »

    • this week
    • last week
    • artist
    • ringtone
    • peak rank
    • wks on chart