Jay-Z and Beyonce are reportedly renting this stunning 31,000-square-foot home in Bridgehampton for $400,000 ... just for the month of August!

The 11-acre property on Halsey Lane is known as the Sandcastle, and it is currently on the market for $43.5 million. The house has 12 bedrooms and 12 bathrooms, and in addition to a 60-foot heated pool with an underwater stereo system and a tennis court, the estate boats amenities including a two-lane bowling alley, a skateboard half-pipe, a rock-climbing wall, a full bar and a recording studio.

Of course, if that's not enough for you, there's also a full gym with a combination squash, racquetball and basketball court with moving walls and retractable hoop. The master suite is 2,800 square feet, and the guest house is a spacious two-bedroom apartment overlooking the pool and hot tub.

Fun fact: The Jonas Brothers were rumored to have been interested in the Sandcastle but settled on another Hamptons rental instead.