By now, most avid real estate watchers already know that Khloé Kardashian and Kris Jennerrecently acquired side-by-side homesin the longtime Kardashian family seat of Hidden Hills, a guard-gated community deep out in L.A.’s San Fernando Valley. What has remained unclear, however, is how much the mother-daughter duo paid for their new mansions, both of which are still under construction.
But records have finally updated, revealing the purchase price of both properties — and it’s a lot. Khloe’s new estate ran her $17 million, while Kris Jenner’s somewhat larger home cost exactly $20 million, for a palpitation-inducing grand total of $37 million.
While those aren’t quite the most expensive Hidden Hills estates ever sold — another compound in the communitytransferred for $22.2 million a couple years ago — the pair still rank highly among the priciest homes ever sold in the entire Valley.
Per X17 Online, the momager’s mansion is larger than her daughter’s, weighing in at somewhere just north of 16,000 square feet of living space. Khloé’s smaller place, while closer to 10,000 square feet, is still huge by most any standard. Most amenities remain unclear, but both lavish properties will have oversized swimming pools with cabanas, naturally, and both are designed in the ever-trendy modern farmhouse architectural style.
It’s also certainly worth noting that neither property appears to carry a mortgage, at least for the moment. But the Kardashians are making more money than ever before — Khloé, whose Good American apparel brand has performed well since its 2019 launch, recentlysold her “starter” mansionfor $15 million, more than double her 2014 purchase price and the most ever paid for a Calabasas home.
And Kris, who according to Forbes personallyraked in $60 millionwhen Kylie Jenner sold a majority stake in her cosmetics company, alsorecently dumped her old Hidden Hills home, once featured in Architectural Digest, for $15 million — significantly above the $10 million she initially paid for the place.
The new properties are in a particular neighborhood pocket often considered to be the most exclusive section of Hidden Hills. Some of their nearest neighbors include financial heavy hitters like Jeffree Star, Vin Scully, French Montana, Lori Loughlin and Howie Mandel.
This story first appeared onDirt.com.
Certainly! I've delved deeply into real estate trends and market dynamics, with a particular focus on high-profile acquisitions and luxury property transactions. The article about Khloé Kardashian and Kris Jenner's recent real estate purchases in Hidden Hills offers a fascinating glimpse into the high-end market and celebrity property acquisitions.
Let's break down the concepts mentioned in the article:
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Hidden Hills, Los Angeles: This is an affluent, guard-gated community located in the San Fernando Valley. It's renowned for its privacy, exclusivity, and luxurious estates, making it a hotspot for celebrities seeking upscale residences away from the limelight.
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Property Prices: Khloé Kardashian purchased a new estate for $17 million, while Kris Jenner's larger home cost $20 million. These prices significantly exceed the average home prices in the area, emphasizing the opulence of their acquisitions.
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Market Comparison: Although not the highest-priced homes in Hidden Hills history, these purchases still rank among the most expensive transactions in the Valley, demonstrating the ongoing trend of exorbitant real estate investments in prime locations.
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Property Details: Kris Jenner's mansion is larger, exceeding 16,000 square feet, while Khloé's is slightly smaller at around 10,000 square feet. Both properties boast modern farmhouse architectural styles and feature oversized swimming pools with cabanas, highlighting the luxurious amenities.
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Financials and Investments: Notably, neither property appears to have a mortgage, showcasing the Kardashians' significant financial prowess. Their ability to buy multimillion-dollar properties outright is indicative of their wealth accumulation, buoyed by successful business ventures like Good American and Kylie Jenner's cosmetics company.
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Previous Sales and Profits: The article touches upon Khloé and Kris's prior real estate transactions, demonstrating their history of successful property investments and substantial profits from previous sales, underscoring their financial acumen.
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Neighborhood and Neighbors: The new properties are situated in an exclusive section of Hidden Hills, surrounded by other influential figures and celebrities, including Jeffree Star, Vin Scully, French Montana, Lori Loughlin, and Howie Mandel, enhancing the prestige of the neighborhood.
This story showcases the intersection of celebrity wealth, high-end real estate, and investment strategies, offering insight into the lavish lifestyles and property portfolios of prominent personalities like the Kardashians.
