Kim and Kanye Back Out of Purchasing a $14 Million Miami Condo

Kanye West showed love for his wife, Kim Kardashian, at Christmas by gifting her a $14 million Miami condo, but two months later it looks like the deal isn’t going to go through. When Kanye initiated the agreement, Kim had never seen the Miami property. When she finally viewed the condo, she fell in love with it, but it looks like the Kardashian-West family won’t be calling it home after all.

Why did Kim and Kanye pull out of buying a Miami condo?

According to E!, Yeezy toured the property in early December when the family was in town for Art Basal and knew she would love it. He set up the initial deal, but everything was contingent on Kim’s approval.

Kim certainly seemed to approve, according to the paparazzi pictures captured when the couple saw the property together in January. Those pictures, however, are precisely what dissuaded Kim from giving her final stamp of approval.

After photos of the pair embracing on the balcony of the apartment surfaced, Kardashian had second thoughts. The KKW beauty mogul was reportedly worried the 18-story luxury condominium building in Miami Beach didn’t offer the family enough privacy.

Exactly where was the condo located?

The four-bed, five and a half bath condo is located at Faena House in Miami Beach. The luxury condo building offers sweeping views of the water. According to Page Six, the pair were looking at apartment 5A, specifically. The 4,000 square foot apartment has a large balcony that overlooks the sea. The terrace, is easily visable from the beach.

The current owner of the unit is Alex Blavatnik. Blavatnik’s brother Len, an energy billionaire, is the co-developer of Faena House. Blavatnik listed the condo for $15.5 million. Purchase of the unit allows the owner to access all building amenities, including a private gym, spa, pool and underground parking.

Will Kim and Kanye look for another property?

While Kim and Kanye won’t be calling Faena House home, that doesn’t mean they aren’t looking for property in Miami. The pair enjoys the artistic scene and sweeping beachfront views that Miami has to offer, and likely will be purchasing property in the area sooner rather than later. Right now, Kim is scoping out properties that provide the family with more privacy.

The famous family currently owns a sprawling mansion in Hidden Hills, California. Kanye has also been spending more time in Chicago and is actively seeking property in the area to be closer to his extended family. In addition to the Hidden Hills Mansion, the pair reportedly purchased the home directly next door to ensure the family has as much privacy as they need.