Kylie Jenner is again on the true property rodeo but once more. Simply days after the kettle chip-loving cosmetics tycoon paid a whopping $36.5 million for a fortified mansion in L.A.’s posh Holmby Hills neighborhood, property data reveal the 22-year-old shelled out one other $15 million — in money — for an enormous patch of grime in her Hidden Hills hometown, method out within the San Fernando Valley.
Although the deal was consummated off-market, dated advertising and marketing supplies for the property boast that the “spectacular 5-acre lot” is “one of many largest in all of Hidden Hills.” Although the land is presently naked, the sale included authorized plans for an 18,000 sq. ft. monster mansion with a 12-car storage, guesthouse, barn, guardshack for a full-time safety element, sports activities court docket and a pool. After all, it stays to be seen if Jenner will really make the most of these permitted plans, or as a substitute custom-design a dream compound of her personal creation.
And because it seems, the property has a little bit of a celeb pedigree. From 2015 to 2018, the hillside property was owned by Miley Cyrus, who reportedly saved horses on her pastoral farm there. About two years in the past, Cyrus bought the place for precisely $5 million to a non-famous girl, who subsequently demolished the present ranch, graded the lot and purchased permits for the extravagant new compound earlier than flipping the place to Jenner — presumably at a multimillion-dollar revenue.
Jenner, who final yr bought a majority curiosity in her eponymous make-up model to Coty in a $600 million deal, continues to personal an eye-popping portfolio of lavish private residences. Along with the $36.5 million Holmby Hills pad, she’s additionally received a $13.5 million mansion within the mountains above Beverly Hills and a vacant lot out within the Palm Desert resort neighborhood of La Quinta, Calif. Her principal residence, nevertheless, has lengthy been a sprawling home in Hidden Hills, bought in 2016 for $12 million, extensively renovated and not too long ago featured in Architectural Digest.
Regardless of the quite distant location — it’s about an hour northwest of mid-city L.A., relying on site visitors — guard-gated and equestrian-friendly Hidden Hills has lengthy been the residential neighborhood of alternative for a lot of celebrities. Apart from a number of members of the Kardashian-Jenner clan, different householders embrace Kaley Cuoco, Drake, The Weeknd, John Stamos, Jessica Simpson, Paul George, Vin Scully and Jenner’s arch-nemesis, fellow cosmetics tycoon Jeffree Star.