Jay-Z and Beyonce are apparently renting The Sandcastle, the massive Water Mill estate that belongs to Hamptons builder Joe Farrell. The couple is rumored to be paying $400,000/month for the house, or $150,000 less than Farrell's asking rent. Farrell got more money from Cheryl Mercuris?but Jay-Z and Beyonce don't really need to pay extra for the networking and publicity opportunities. [Curbed Hamptons]
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