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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
46.

glrfc    

Umm...she can afford it!

992 days ago
47.

glrfc    

Ummmm...she can afford it.

992 days ago
48.

JLB    

465K and 135K for a closet...smh.

992 days ago
49.

nina    

momma knowles help beyonce with her math and reading please.

992 days ago
50.

UpChuck    

Anybody have any reports of Jay Z cheating on Beyonce? A friend of mine got hit on by him recently. Maybe he was just flirting, but didn't look good. She was disgusted.

992 days ago
51.

Happy    

Hey, she got sucked in like everybody else. The one thing here that is important is that she is a millionaire and the rest of us are not. Win some loose some.

992 days ago
52.

TRUTHfor DUMMIES    

Bey ****s 20 million a minute! What $355,000 to a mu****a like Bey, can you please remind me? Hatin ass TMZ SMH!

992 days ago
53.

t    

Im pretty sure she had a nice tax write off over the years if she owned it. plus things like that you could rent out to people in her case celebs... so im pretty sure she didn't take a loss of any funds.

992 days ago
54.

Becky    

Gosh, I think she can handle this huge loss. Wonder how many abodes she owns?

992 days ago
55.

Nicole    

This is probably it!
http://www.stream-line.com/realestate/property/M1234421/

991 days ago
56.

anna    

where is this condo? ie exact building. im in canada and real estate is SO EXPENSIVE 110k is UNHEARD of - ANYWHERE IN THE CITY

991 days ago
57.

shaswat    

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988 days ago
58.

Lisa    

Beyonce had some other property in Miami. I'm guessing in the same area. It was worth $1.3 million and she wind up selling it for $2.9 million or so. Definitely a net gain.

986 days ago
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