Kim Kardashian Just Dropped $70 Million for a Malibu Mansion Once Owned by Cindy Crawford
Looks like Kim Kardashian is expanding her real estate portfolio outside of Hidden Hills. Dirt reports that reality star and burgeoning lawyer scooped up an “oceanfront estate” on Malibu’s Encinal Bluffs. The price tag? $70.4 million in an off-market deal. AKA the “priciest residential transfer in Malibu this year,” not to mention the the fourth most expensive California home sale of 2022 (at least so far!). Kim’s new neighbors include Leo DiCaprio and Neil Diamond, and for those of you who are thinking to yourself “wait, didn’t Kanye West also just buy a home in Malibu?” his place is about 14 miles up the coast.
So, what do we know about Kim’s new house? It’s “invisible from the street,” has four bedrooms and 5 and a half bathrooms, a gym, a pool, a spa, a tennis court, and a private beach. Basically, it has everything you’d expect form a home worth $70.4 million.
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According to Dirt, Kim’s home was built in 1944, is ~Meditterranean villa style~ and was previously owned by Cindy Crawford and Rande Gerber, who bought it for ~$50 million. They split the estate in two and sold one half to a retired hedge fund manager in 2018 for $45 million, who then sold it to Kim. And apparently she got a deal because the home was originally listed for $99.5 million.
Aside from her new Malibu home, Kim has a giant Hidden Hills property, and Dirt also reports that she has two “spare” homes in the area, as well as a luxury condo in Calabasas and a “vacant lot” at the Madison Club. Relatable!
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