Beyoncé and Jay Z have a new place to call home. The superstar couple has rented a $45 million mansion in the Holmby Hills area of Los Angeles.

The 20,000-square-foot home was previously owned by former L.A. Dodgers owner Frank McCourt. According to TMZ, McCourt sold the house to a British billionaire last year for $45 million, but the new owner was hardly in L.A. so he decided to put it on the market.

Beyoncé and Jay Z swooped in and signed a one-year lease at $150,000/month. The couple had to vacate their old rental in the same neighborhood after the owner decided to sell it.

Their new five-bedroom, six-bathroom estate boasts an Olympic-sized indoor pool, a steam and massage room, a gourmet commercial kitchen, library/screening room, dance studio, and an outdoor pool with a waterfall and formal gardens.

They will be neighbors with Hugh Hefner, whose famed Playboy Mansion is just down the street. The house was also used in the 1998 film The Big Lebowski.

The Carters moved to L.A. earlier this year and enrolled their three-year-old daughter Blue Ivy in a toddler program at an elite private school.