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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
1.

SarahBeebee    

what's up with the Spam????

I can't believe how cheap real estate is in USA. Can't believe more people are not buying more real estate in USA when it's so cheap. A apartment like that near a beach in Australia would be at least $500,000 minimum. You can not find a property in australia, apartment or not even in the most crappiest area for under $200,000 unless it's in the middle of nowhere out in the bush! I wish i was in USA. i would have bought a house by now. You guys in USA are so lucky everything is cheap

857 days ago
2.

Azzkicker    

Beyonce has always been dense; her "southern girl" act is totally worn thin. What kind of moron would pay almost 1/2 million for a 190 square foot shack? What a dumbass...

857 days ago
3.

Azzkicker    

TMZ, please find a way to ban the IP addresses of these jerks who are spamming up the place. In this thread, 10 of the first 11 responses are spams; mainland chinese trying to sell their knockoff fake products and other assh*les. Please ban them permanently...

857 days ago
4.

mike    

It sure is good the losers at tmz is reporting on these loses because the whole country can be endangered. Maybe she can be reported to congress for taking such a huge loss. Can you goobers also do a report on what color undies she wears?

857 days ago
5.

Jackie    

TMZ...clear up your bloody spam idiots. I prefer to read peoples comments not stupid advertisements.

857 days ago
6.

pancake    

pancake: less than a minute ago
my neighbor's sister-in-law made $260.......60......1 so far just working on the internet for a few hours. she got naked an gt it on with my neighbor lol whores while pervs pay and watch so if your broke just whore just slf out it work for the Kardishians

857 days ago
7.

the artist formerly known as hand turkey    

Do something about the SPAM, already, jesus christ,TMZ. I realize hits i*****s for you, but you're infested. Do your sponsers want to advertise to spammers?

857 days ago
8.

♥TMZ but ...    

well I am sure it is not going to affect her in any way

857 days ago
9.

Arcadia Rink    

Tax Write Off

857 days ago
10.

Timu    

They will recover it easily with their new luxury home purchase.

http://miamiluxuryhomes.org

857 days ago
11.

DubstepDistribution    

Well, this is what happens when you give ignorant morons money. Look at Destiny's Child, she ruined that. She's good at making bad choices.

857 days ago
12.

Chris    

Trash with cash.

857 days ago
13.

Hammer    

Our prayers go out to her in this time of great loss

857 days ago
14.

ladydiinpa    

good loss for a tax write off..when you are worth millions...

857 days ago
15.

JugEars McKenyan Sr..    

What the hell did she do, drop her boom box in the bathtub to get that ghetto hair do going there? She looks like Bozo the clown's wife if he had one. Sister sludge...

857 days ago
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