Jay-Z & Beyonce Drop $26 Million in the Hamptons

Jay-Z and Beyonce are officially balling on both coasts -- they've gobbled up another 8-figure property, and this one's in the Hamptons.

Jay and Bey plunked down a cool $26 million for the 7 bedroom, 7.5 bathroom pad in luxurious East Hampton, NY. The crib's no joke -- the 12,000 square ft. pad sits on 2 acres of land with scenic water views of the Georgica Pond.

It's got everything hip hop royalty wants -- bathrooms sculpted with Italian marble, an infinity edge pool and an 1,800 square ft. guest cottage. The kitchen features an 18th century carved stone fireplace. Trulia first reported the purchase.