UNDER CONSTRUCTION See Kim Kardashian’s sprawling 5-mansion LA compound
KIM Kardashian’s giant five-house compound has dominated the exclusive LA gated community of Hidden Hills but is still incomplete after nearly a decade.
The Skims founder bought the four homes that surround her original $60million mega-mansion, which she purchased with ex Kanye West in August 2014.
Exclusive aerial photographs obtained by The U.S. Sun show the estate is still not finished and the grounds are being tended to by construction workers even after nine years.
Porta-cabin loos have been an ever-present at Kim’s home during this time, but she’s also made sure that the long-term renovations haven’t angered any neighbors because she’s been hovering up their homes too.
The reality star is a property mogul too, buying and flipping homes all over California, none more so than in her own neighborhood where she’s taken over the street.
She first bought the four-bed wooden home above her massive estate in December 2014 for $2.925M and wasted no time in demolishing it, replacing it with the garden, which still isn’t finished
Five years later in February 2019, the Hulu star bought the three-bed, three-bath place above that property for $2.7million, which appears to have remained largely untouched.
And, never one to miss out on a real estate opportunity, Kim snapped up the four-bed, four-bath house further up for $2.975million the following October.
Property records show that this sprawling estate crosses over the road, where there’s another parcel of land housing stables.
It’s not known if the TV personality is a keen horse rider although she’s posted a few Instagram shots over the years of her sitting on a horse or standing by one, yet never in action.
In September 2021, after splitting with Kanye, she paid $20million to own their mega-mansion outright.
PROPERTY PORTFOLIO
Sources told the outlet that Kim and Kanye negotiated a buyout price for the $60million home, which they essentially rebuilt from the ground up together during their marriage.
The pair purchased the LA mansion 2014 for $20million, though have invested millions into the renovation process.
Back in April 2018, Kim’s mom, Kris Jenner, revealed that the house cost $60million on Twitter.
News that Kim got to keep the home came as a surprise to some, as most of the construction and design process was led by her rapper ex-husband.
Kanye worked with famed architects including Axel Vervoordt over the years to build his dream home, while the pair invested a large sum of money.
While the hitmaker initially spearheaded the Los Angeles mansion’s renovations, Kim had plans to continue expanding on the property.
During a previous episode of Keeping Up With the Kardashians, Kim admitted to Kris that her pricey pad was a “money pit.”
While recruiting Kris to help her look for a new house, the mom-of-four said: “You’re going to love this area. I’m doing an LED screen the size of the blue outline.
A MONEY PIT
“The whole wall will be a TV. And then getting a big run and a huge circle couch that’s like a U and super deep.”
Kim then showed off her living room that was completely covered in plastic wrap as a large hole sat in the middle of her wall.
“I have never known you to not be in construction in this house since you bought it,” Kris said during the scene.
“I know. It’s the money pit,” Kim responded with an annoyed tone and eye roll.
The family matriarch then reminisced on the time Kim and Kanye lived with her, sharing: “When I walked in here and saw you doing all this work, it reminded you of when you and Kanye moved in with me.”
“It was so great, I love those times,” she added.
Kim and Kanye share daughters North, 10, and Chicago, five, and sons Saint, seven, and Psalm, four.
Last May, Kim bought the four-bed, five-bath house next door for $6.3million, but wasted no time in flipping and, in November, put it back on the market for just under $7million.
All these transactions were done through her long-time financial manager Lester Knispel and Britney Spears’ controversial former business manager Lou Taylor, who’s been accused along with Britney’s dad Jamie of frittering away millions of her fortune during the conservatorship, a claim they deny.
The U.S. Sun previously revealed the Kardashian family has borrowed $132million in home loans to fund their property empire despite being billionaires.
LA realtor Tony Mariotti, CEO of RubyHome Luxury Real Estate, explained why celebrities such as the Kardashians take on, what appear to be, huge financial risks.
He said: “I think, for entrepreneurs, the cost of doing nothing is more painful than pushing your chips into the middle of the table and seeing if you’ve got the winning hand.”
