According to TMZ, the 33-year-old pop diva and the 45-year-old rap mogul 'are the frontrunners in a bidding war' after touring the cliffside property six times.
There are allegedly four total offers on the mansion, but real estate agent Branden Williams is expected to close a $70 million deal with Bey and Jay 'by Christmas.'
The impressive eight-bedroom, 15-bathroom house sits on 23,000 square feet and includes an attached 16-car garage.
Jay Z will likely enjoy kicking back for a smoke on the home's backyard patio, which boasts panoramic views of Malibu and downtown LA.
Even when inside, the Drunk In Love duo - who've amassed a combined 36 Grammys - can view the city's landscape from one of the floor-to-ceiling windows.
The Partition songstress should enjoy taking a relaxing dip in the home's large infinity pool.
They will have his and hers walk-in closets with plenty of mirrors and storage space for their massive wardrobes.
They can invite up to 24 friends for private screenings in their sleek home theatre.
And the grown-ups can store a substantial amount of bottles in the house's large wine cellar.
The Carter family will surely enjoy sitting around the home's massive dining table with their respective entourages.
Blue Ivy - who turns 3 next month - gets her very own home sweet shop stocked with cascading candy dispensers.
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