The rent is reportedly $400,000, which some residents think is overblown.
“In the past, it rented for probably $250,000 max,” said an insider.
Then again, the recording royals are not your usual renters.
Said a source: “They literally have a full staff on the property — housekeeping team, chef, and one of Beyoncé’s old assistants is now the full-time nanny/assistant for Blue Ivy, while each of the twins gets their own baby nurse.”
The source added of the pad: “It rivals only Cher’s residence as one of the most magnificent in Malibu.”