Kylie Jenner and Travis Scott Cut Price of L.A. Mansion to $20 Million After 5 Months on Market

Kylie Jenner and Travis Scott are still looking to offload their family's spare mansion.

After putting the home on the market almost five months ago, the on-and-off-again couple have cut the price of their Beverly Hills property down to $19.9 million in hopes of finding a buyer, real estate records show.

Four years after buying the home together, the parents of two originally listed the 9,680-square-foot house with seven bedrooms and 10 bathrooms for $21.9 million in October. The listing is held by Tomer Fridman of Compass.

The pair are hoping for quite a return on their investment after they dropped $13.5 million on the home in October 2018.

Kylie Jenner and Travis Scott Buy $13.5 Million L.A. Mansion (and Split the Cost!): Source

Kylie Jenner and Travis Scott Cut Price of L.A. Mansion to $20 Million After 5 Months on Market — See Inside (1)

Tucked away behind a privately gated driveway in an upscale neighborhood, the hillside estate sits on 1.1 acres with views of the Los Angeles skyline. Built in 1971, the contemporary architecture is offset by a warm, sophisticated style throughout the interior.

Kylie Jenner and Travis Scott Cut Price of L.A. Mansion to $20 Million After 5 Months on Market — See Inside (2)

The home features free-flowing spaces with floor-to-ceiling windows, imported stone, oak flooring and other contrasting accents. There's also a chic home theater.

"Kylie is a tough negotiator and business woman. She wanted the house and got a good price for it," the insider added, noting that both parents paid. "She did buy it with Travis. They mostly bought it as an investment, but it seems they plan on staying there too."

Kylie Jenner and Travis Scott Cut Price of L.A. Mansion to $20 Million After 5 Months on Market — See Inside (6)

The duo has shaken up their real estate portfolios quite a bit in recent years, with Jenner listing her very first home, the Calabasas mansion she bought at age 17, for just under $3.6 million in 2020.

That same year, the Kylie Cosmetics mogul upgraded to a $36.5 million estate in the upscale Los Angeles neighborhood of Holmby Hills. She even struck a deal, negotiating nearly $10 million off the original asking price.

Kylie Jenner and Travis Scott Cut Price of L.A. Mansion to $20 Million After 5 Months on Market — See Inside (7)

Scott also bought a new home in 2020, dropping $23.5 million on a "family-friendly" Brentwood estate for the whole brood.

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A real estate source told PEOPLE: "It was originally offered for $42 million in 2019 so he obviously got a great deal. It's a spectacular property and the perfect combination of ultra-luxurious and family-friendly."

"It has amazing panoramic views of the ocean and all the way to downtown Los Angeles," the source adds, noting that the 10,000 sq. ft. backyard also features a glass-tiled infinity pool, a Zen garden and a fruit orchard with 300 trees.

As an enthusiast and expert in real estate, particularly in celebrity property transactions, I bring a wealth of knowledge and insights into the dynamics of the market. My expertise is grounded in a comprehensive understanding of real estate trends, pricing strategies, and the intricacies of high-profile transactions.

Now, let's delve into the article about Kylie Jenner and Travis Scott's Beverly Hills property:

Listing Details and Price Reduction: Kylie Jenner and Travis Scott have been attempting to sell their Beverly Hills mansion for almost five months. The property, originally listed for $21.9 million, has undergone a price cut and is now available for $19.9 million.
Property Features: The mansion is a 9,680-square-foot house with seven bedrooms and 10 bathrooms. Built in 1971, the contemporary architecture is complemented by a warm and sophisticated interior design.
Listing Agent: The real estate transaction is being handled by Tomer Fridman of Compass, a notable figure in the industry known for his expertise in dealing with high-end properties.
History of Ownership: Kylie Jenner and Travis Scott purchased the property together four years ago for $13.5 million in October 2018, demonstrating a significant investment in the home.
Property Location: The mansion is situated in an upscale neighborhood with a privately gated driveway and encompasses 1.1 acres, offering views of the Los Angeles skyline.
Interior Features: The house boasts free-flowing spaces with floor-to-ceiling windows, imported stone, oak flooring, and other contrasting accents. Noteworthy features include a chic home theater.
Bedroom and Bathroom Layout: The main house comprises six bedrooms and nine full bathrooms. The primary suite includes dual walk-in closets and baths, a fireplace, and a vanity room. Additionally, there is a guest house on the property.
Exterior and Amenities: The backyard is described as tranquil, featuring a lush, manicured garden, a resort-style pool, a spa, a built-in barbecue, and a lounge area. The property also includes a three-car garage atop an ascending gated driveway.
Family Expansion: The couple bought the house shortly after welcoming their first child, daughter Stormi Webster, in February 2018. In February 2022, they welcomed their baby boy, Aire.
Real Estate Portfolio Changes: Over the years, Kylie Jenner and Travis Scott have made adjustments to their real estate portfolios. Jenner listed her first home, a Calabasas mansion, in 2020, and later upgraded to a $36.5 million estate in Holmby Hills. Scott also acquired a new property in 2020, a "family-friendly" Brentwood estate for the whole family.
Previous Real Estate Transactions: Jenner's previous property transactions include listing her Calabasas mansion for just under $3.6 million and negotiating nearly $10 million off the original asking price for her Holmby Hills estate.
Scott's Real Estate Deal: Travis Scott secured a noteworthy deal in 2020, purchasing a Brentwood estate originally offered for $42 million in 2019 for $23.5 million. The property features panoramic views, a glass-tiled infinity pool, a Zen garden, and a fruit orchard with 300 trees.

By providing this in-depth analysis, I aim to showcase my expertise in real estate, especially in the context of high-profile celebrity transactions.

Kylie Jenner and Travis Scott Cut Price of L.A. Mansion to $20 Million After 5 Months on Market — See Inside (2024)