
Beyoncé and Jay Z had their eyes set on a lavish Beverly Hills compound and were reportedly 'on the verge of closing a deal' earlier this month after visiting the home six times.

But according to TMZ, Swedish billionaire Markus Persson - who created the video game Minecraft - managed to outbid the music super couple and secured the estate for himself for a record $70 million.

The 35-year-old - who previously sold his company Mojang to Microsoft for $2.5 billion - now has the distinction of having paid the highest price ever for a home in the 90210.

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Champagne wishes and caviar dreams! Beyonce and Jay Z have lost a bidding war on a sprawling and equally breathtaking Beverly Hills mansion

Bad news: The couple (L), who had looked at the home on more than one occasion, were outbid for the estate by Swedish billionaire Markus Persson (R)

Impressive: Views of the city's landscape are visible from one of the giant floor-to-ceiling windows from the extensive living area

Markus bought the impressive eight-bedroom home completely furnished with each of the 15 bathrooms equipped with Toto Neorest toilets at a price of $5,600 each.

Also included in the sale was an 18-foot onyx dining room table for 24 guests with place settings by Roberto Cavalli at a staggering $3,700 each.

According to TMZ, the 33-year-old pop diva and the 45-year-old rap mogul had been 'the frontrunners in a bidding war' after touring the cliffside property six times.

There were four offers in total on the mansion and real estate agent Branden Williams was previously expected to close the $70 million deal with Bey and Jay 'by Christmas.'

Splash: No doubt Queen Bey would have definitely enjoyed taking a relaxing dip in the home's incredibly large and luxurious infinity pool

Space for all! The couple, who are said to have touring the cliffside property six times, would have had room to throw the most lavish of parties

Nice view: The 35-year-old - who previously sold his company Mojang to Microsoft for $2.5 billion - now has the distinction of having paid the highest price ever for a home in the 90210

It is unknown what lead to the turn of events, which found Markus closing the deal 'in a lightning-fast six days,' according to real estate brokers John Aaroe Group.

The impressive residence sits on 23,000 square feet and includes an attached 16-car garage and backyard patio with panoramic views of Malibu and downtown LA.

No doubt Queen Bey would have definitely enjoyed taking a relaxing dip in the home's incredibly large infinity pool.

Even when inside, views of the the city's landscape are visible from one of the many floor-to-ceiling windows, and fold-able doors off the living room.

Lavish: The impressive eight-bedroom, 15-bathroom house sits on 23,000 square feet and includes an attached 16-car garage

Bathe in style! Markus bought the impressive eight-bedroom home completely furnished with each of the 15 bathrooms equipped with Toto Neorest toilets at a price of $5,600 each

Let's eat! The Carter family would have enjoyed sitting around the home's massive dining table with their respective entourages

The master bedroom features his and hers walk-in closets with plenty of mirrors and storage space for A-List-worthy wardrobes.

Home movies take on a new meaning in a private theatre with seating for 24, while snacking on treats is right at your fingertips with a sweet shop stocked with cascading candy dispensers.

And the grown-ups can store a substantial amount of bottles in the house's large wine cellar, which would have come in handy if the stars ever hosted a party for their famous mates.

Let's watch Dreamgirls! The Crazy In Love couple could have invited up to 24 friends for private screenings in their sleek home theatre

Birthday girl: Their privileged daughter Blue Ivy - who turns 3 next month - woudl have had her very own home sweet shop stocked with cascading candy dispensers

Everything you need! The master bedroom features his and hers walk-in closets with plenty of mirrors (L) and the grown-ups can store a substantial amount of bottles in the house's large wine cellar (R)

Pull up a seat: The kitchen comes complete with white work surfaces and brown marble-effect cupboards

Despite the disappointing real estate news, Mr and Mrs Carter could have clearly afforded the luxurious compound.

In June, Queen Bey topped the Forbes Celebrity 100 list earning $115 million while the Picasso Baby rapper nabbed the #6 spot with $60 million.

The Halo hitmaker scored six total nominations for the 57th Grammy Awards, which are taking placw February 8 at the Staples Center in LA.

Her self-titled fifth studio album got nods for album of the year, best urban contemporary, and best surround sound album.

Better forget about it! Despite the disappointing real estate news, Mr and Mrs Carter could have clearly afforded the luxurious compound

A room with a view: From the living area, the family could have relaxed in one of the many seating areas on the sunny terrace

Where the magic happens! One of the large bedroom came complete with dramatic fireplace and marble-clad en-suite

From day to night: When the sun went down, the swimming pool could be lit up with various blue lights which stood against the lush garden

Beyoncé's sexy 2013 duet with Jay - Drunk In Love - got nominated for best R&B performance and best R&B song.

And the musical couple's HBO special Beyonce & Jay Z: On The Run Tour is also up for best music film.

The property news comes just months after the couple were said to be putting some of their billionaire fortune towards a new home in Paris.

According to People, the stars had been house-hunting in the French capitol several times in October and had stopped by a lavish villa near the beautiful Seine river.

Ratpack ready! The games room featured a matching perspex pool table and table football table

Cool customer: The study was pictured with a James Dean artwork and motorcyle, as well as an over-sized camera sculpture

Unsuccessful: It is unknown what lead to the turn of events, which found Markus closing the deal 'in a lightning-fast six days,' according to real estate brokers John Aaroe Group

Everyone outside! In June, Queen Bey topped the Forbes Celebrity 100 list earning $115 million while the Picasso Baby rapper nabbed the #6 spot with $60 million

Jay Z and Beyonce also toured a home in Millionaire's Row - located in the city's 16th arrondissement - which boasts museums, sports stadiums, and prestigious schools for Blue.

The famous couple also looked at a townhouse next to the Élysée Palace, built in 1722, where President François Hollande resides.

'We love Paris,' the Picasso Baby rapper told the audience at their final On The Run Tour stop earlier this year. 'It's special to us because we got engaged here, and this is where Blue Ivy was conceived.'

The Crazy In Love couple renewed their vows during a special commitment ceremony while celebrating Knowles' 33rd birthday in Corsica.

Welcome: The front of the property equaled the rest of the house in it's modern style and grand scale , complete with large drive

Plenty of space to go around: The dining and living area, which was laid out ready for a dinner party, lead straight out onto the terrace and pool area