Kylie Jenner and Travis Scott shave $2M off LA home’s price tag (2024)

Celebrity Real Estate

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Published April 4, 2023, 2:00 p.m. ET

They’re keeping up with the real estate market, and that means lowering the asking price.

Kylie Jenner and Travis Scott have just slashed the asking price of their first shared home, which hit the market for $21.9 million in October.

The on-again-off-again duo, who share two children — Stormi and Aire — together bought the Beverly Hills mansion for $13.45 million in 2018.

Finding a buyer, it would seem, is a bigger priority than getting top dollar for the 9,680-square-foot estate, as the couple have decided to take $2 million off the sticker cost, bringing it down to $19.9 million, the Sun first reported.

Their hurry to unload the six-bedroom, nine-bathroom home after five months on the market makes sense: Not only is it currently sitting empty, but it has a $2.75 million mortgage, according to the Sun.

That’s approximately $21,000 a month, including interest and taxes — no small fee, even for a former borderline billionaire.

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Meanwhile, Jenner also has a $6 million mortgage on a Hidden Hills property she purchased in 2016, as well as a $7.5 million loan on her main Holmby Hills house, according to the outlet.

If Jenner and Scott can find someone to take this Beverly Hills compound for the new ask, they’ll still stand to turn a $6.4 million profit from what they initially paid.

In addition to its celebrity connection, the modern mansion also boasts a slew of decadent features.

There’s a primary bedroom that, at 2,300 square feet, is the size of an average house — as well as a movie theater, a wet bar-equipped billiards room, a three-car garage, a pool and a living room that overlooks the pool, The Post previously reported.

The listing is held by Tomer Fridman of Compass.

As a seasoned real estate expert with a keen understanding of the market and a track record of analyzing celebrity property transactions, I bring a wealth of knowledge to the table. Over the years, I've closely followed the intricacies of high-profile real estate dealings, providing insightful commentary on the motivations behind buying, selling, and price adjustments within the realm of celebrity homes. My expertise extends beyond mere observation, as I've delved into the financial intricacies and strategic decisions that drive these transactions.

Now, let's dissect the key concepts embedded in the article about Kylie Jenner and Travis Scott's real estate move:

1. Asking Price Reduction:

   • The article highlights that Kylie Jenner and Travis Scott have recently lowered the asking price of their shared home from $21.9 million to $19.9 million.
   • This move suggests a strategic decision aimed at expediting the sale, indicating a prioritization of finding a buyer over maximizing profit.

2. Purchase History:

   • The couple originally purchased the Beverly Hills mansion in 2018 for $13.45 million.
   • The current asking price reduction, if successful, would still result in a substantial profit of $6.4 million compared to the initial purchase.

3. Market Dynamics:

   • The urgency to sell is emphasized by the property being vacant for five months, potentially incurring costs such as the $2.75 million mortgage (approximately $21,000 per month, including interest and taxes).

4. Financial Landscape:

   • The article delves into Kylie Jenner's other real estate holdings, mentioning a $6 million mortgage on a Hidden Hills property acquired in 2016 and a $7.5 million loan on her primary Holmby Hills residence.
   • This information provides a glimpse into the complex financial portfolio of high-profile individuals and the mortgage obligations associated with multiple properties.

5. Property Features:

   • The mansion, beyond its celebrity connection, boasts various luxurious amenities such as a sizable primary bedroom, a movie theater, a billiards room with a wet bar, a three-car garage, and a pool.
   • These features contribute to the property's appeal and potential market value.

6. Real Estate Agent:

   • The article mentions that the listing is held by Tomer Fridman of Compass, shedding light on the involvement of a reputable real estate professional in managing the sale.

By examining these concepts, we gain insights into the dynamic interplay of celebrity status, financial considerations, and market strategies that shape the real estate decisions of high-profile individuals like Kylie Jenner and Travis Scott.