Kylie Jenner Purchased Her New $36 Million Mansion Because It Was an Extremely Smart Investment, Source Claims
If you have $1 billion at your disposal, there are many ways you can spend your money. Though Kylie Jenner has lavish car, handbag, and wig collections, it appears that she enjoys spending a great deal of her money on real estate. The Keeping Up with the Kardashians starlet just dropped a massive amount of cash on a new Los Angeles home. However, considering her plush Calabasas mansion near her mother, Kris Jenner many fans were puzzled by the purchase.
Though the Kylie Cosmetics mogul has been keeping busy amid quarantine, hanging out with her baby daughter, Stormi, and twerking with her best friend, Stassie Karanikolaou, it looks like she also used her downtime to make a massive purchase.
Here are some deets about Jenner’s new $36.5 million mansion, including the real reason she bought it.
Kylie Jenner’s new home is massive and stunning
One of the things that most stands out about Jenner’s new $36.5 million home is that it’s brand new. This means that it’s move-in ready, and it’s never been lived in before. Located in the exclusive Holmby Hills neighborhood of LA, the house has every single bell and whistle one would think of.
Realtor is reporting that the home is 19,250 square feet. It includes seven bedrooms and 14 bathrooms. Essentially, the entire KarJenner family could stay with Stormi and her mom, and no one would feel cramped or crowded. In addition to the bedrooms and baths, the home also includes an outdoor projection screen, indoor home theater, bars, a game room, a gym, and a sports court. That’s just the main house.
If Jenner or her guests wanted more privacy, there are also guest apartments and guest suites with their own private entrances. Jenner will also have plenty of room to store her extensive car collection with a nine-car garage and another 20 parking spaces.
Kylie Jenner got her new house for a bargain
Amid the coronavirus pandemic, Jenner was able to get her new home for a major discount. When the house first hit the market in 2019, the asking price was an outstanding $55 million. As a result, it stayed there for quite some time.
By the time the makeup mogul began seriously considering the home, the price had dropped to $46 million. However, Jenner clearly has a powerhouse team by her side because she was able to knock off a third of the original asking price, landing on $36.5 million.
Kylie Jenner brought her new mansion because of its location and it was a smart investment
Since it’s really just Jenner and her daughter Stormi and sometimes Stormi’s dad, Travis Scott, this new home seems like quite a lot for three people. However, there is another reason why Jenner paid the big bucks for her new home.
“This Holmby Hills estate is a great investment,” an insider told Hollywood Life. “Nobody knows whether or not she’ll stay there permanently, but just the fact that she’s living there is already increasing the property’s value. This home makes sense for now because not only is it magnificent and obviously a fantastic place to quarantine with her and Stormi. But once this is all over and things go back to normal, she’ll be in the heart of LA, which is where she loves to spend time with friends and enjoys going out.”
It looks like Jenner spoke with her dad, Caitlyn Jenner about the purchase. Caitlyn is reportedly very proud of her daughter. “They talk every day, and Kylie always asks for Cait’s opinion, and advice and Cait always encourages her to invest her money wisely,” another source revealed to Hollywood Life.