Kylie Jenner recently purchased a $36.5 million mansion in the Holmby Hills area of Los Angeles. She previously lived in Calabasas, where she grew up. According to HollywoodLife, this new home is “by far, her biggest purchase to date.” Now, more information has been revealed as to why she chose to purchase this particular home. One is due to her new passion for real estate investments.
“Kylie has purchased several homes over the years,” continued the source. “Kylie loves real estate investing and has a really good eye for a smart investment when she sees it.”
The mansion is also labeled as a “great investment” due to the market value being lowered to $36.5 million as it was originally listed at $55 million and $46 million.
“It was first listed for $55 million, but then earlier this month it was lowered to just under $46 million before Kylie purchased it for $36.5 million. It’s also brand new and came ready to move in so Kylie didn’t need to make any changes to the place. She got it for a bargain.”
Among the features of the mansion are seven bedrooms, 14 bathrooms, 0.83 acres, along with 20 parking spaces. Other amenities included are a chef’s kitchen, outdoor projection screen, home theater, multiple bar, game rooms, a gym, and a “championship level lit sports court.” The property value of the mansion is also set to increase due to the fact that Jenner lives there now.
“Nobody knows whether or not she’ll stay there permanently,” the insider says, “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.”
Jenner also looks forward to living in the heart of LA as she’ll be closer to friends. She can also enjoy the nightlife that comes with being in this area. This will all come once the coronavirus pandemic slows down and whenever the state of California decides to reopen their economies.
“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.”
Caitlyn Jenner has also been very excited about her daughter’s huge purchase. She’s reportedly proud of how Kylie spends her money and views it as a trait that she picked up from her.
“They talk every day, and Kylie always asks for Cait’s opinion, and advice and Cait always encourages her to invest her money wisely.”
It’s still unknown if Kylie has been living in the new home yet. She made headlines last week though for her no-makeup look as she left her home barefoot to go see her bestfriend, Anastasia Karanikolaou. She is also listed as Forbes’ youngest self-made billionaire for the second straight year.