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Beyonce

Takes HUGE Loss

on TINY Miami Beach Pad

12/13/2011 7:25 AM PST BY TMZ STAFF

Beyonce blonde curly hair
Beyonce Knowles
just got her pregnant ass handed to her in the real estate market ... selling off her swanky beachfront Miami property for 75% LESS than she bought it for ... TMZ has learned.

According to public records, Beyonce dropped $465,000 on a tiny cabana in a glitzy Miami condo complex back in 2002 -- it only measured 190 square feet ... and contained one 1/2 bathroom.

The place is basically a small little beachfront room, from which Beyonce could walk to and from the sand and the pool.

It's highly likely Beyonce owned a bigger condo in the complex ... and used the cabana so she could change and use her own private restroom without having to schlep all the way back through the building.

But that was BEFORE November 9th ... when  B sold the cabana for $110,000 ... a tad below her $135,000 asking price ... and $355,000 LESS than she paid for it. 

Tough loss ... but we're guessing she'll be able to get by somehow.

We called Beyonce for comment -- so far, no response.

74 COMMENTS

No Avatar
31.

ginny    

if it had been in Paris I would have paid full boat!

1044 days ago
32.

dd    

JUST GOT PREGNANT ASS? REALLY...awful, awful, awful, who hates women on your staff Harv?

1044 days ago
33.

Liz    

All celebs should do this. They make their millions thanks to us people who could never afford the lavash things they get. Why not sell your house to a regular person for just a fraction of the price...they still have to deal with property taxes but hey, I'd take it.

1044 days ago
34.

KicksandGiggles    

I didn't think it was statistically possible to be this stupid + vain. I can understand blowing thousands on her wigs and weaves and girdles, its part of her gig. But this is just sorry, stupid. I agree w/AzzKicker.

In the end, its her $, but wow, some family shelters could have used some help at Christmas.

1044 days ago
35.

Jeff    

While it may "seem" like a huge lose, it can be subtracted from her other capital gains, if any. And if she purchased the property using a company, rather than herself, personally, that lose can be subtracted from her taxable income, this would include concert reciepts, money made via merchandising, etc. I wouldn't feel too bad for her. Had she waitted a number years, after her career was cooled down, she'd be taking that loss in it's entirety, without income to offest it.

1044 days ago
36.

lilkunta    

tmz do u have pictures?
also could you clarify. the apt was 190 sq with a 1/2 bathroom only? there wasnt a full bathroom? thanks.

1044 days ago
37.

Eric_7    

Dear TMZ, your ads are becoming so annoying and ***bersome that I am going to stop reading your website. Please note.

1044 days ago
38.

USArmy    

Must be nice to have so much money you can afford to lose three times what my house cost on a room. I know it is her money and she can do what she wants with it but it just sounds so bad. The story makes it sound like it is just pocket change to her which I'm sure is not true. I wish someone would pay my mortgage off so I wouldn't have to worry about being thrown out on the streets.

1044 days ago
39.

Throwback kid    

She could have used that money to hire a speech therapist to learn how to speak without the ghetto accent, oh well?

1044 days ago
40.

Anthony Martinez    

waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa!!!!!!!!!!!

1044 days ago
41.

D    

You must mean un-pregnant ass. She's a faker.

1044 days ago
42.

MirandaCity    

It's a huge WIN for whomever purchased it. And hardly a loss at all for Beyonce. Funny that quite a few comments label her "stupid". She is financially set for a few lifetimes. She was smart enough to get so rich.

1044 days ago
43.

Tea    

People are so foolish for believing all these rumors! For example.. people believed rumors so confidently that a flight attendant on beyonce's flight offered to get her some of the crazy things she was said to crave during her pregnancy.. like pickles and ice cream?! Yall need to understand with a name like beyonce rumors circulate all day.. yall are fools to internet harass someone over something you "heard".

1044 days ago
44.

Betty    

For anyone to EVER spend $465,000 on a 190 sq. ft. cabana is just outrageous. I don't care how wealthy you are, it's just sinful.

1044 days ago
45.

Shelly    

That's just stupid. Why would you buy 190 sq. ft. home for $465,000. That's when you definitely have way too much money. Crazy!

1044 days ago
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