Portfolio Boost: Kim Kardashian Buys Cindy Crawford’s Malibu Villa for $70.4 Million—the Most Expensive Real Estate Closing In The Area This Year - The Scene

The Mediterranean-style home with a scenic ocean view was initially listed for $99.5 million.

The reality star turned entrepreneur Kim Kardashian has been revising her real estate portfolio. After selling her Hidden Hills home for over $5 million and Calabasas condo for $3.5 million, Kardashian’s upsizing with a $70.4 million beachside Malibu house. 

READ ALSO: Leveraging Expertise: Kim Kardashian Launches A Private Equity Firm With Former Carlyle Group Partner

The villa’s pool area

Per Dirt, the 42-year-old closed the deal for a “reasonable” price last month. The Mediterranean-style villa with a scenic ocean view was initially listed for $99.5 million. The property, which spans 7,450 square feet on a hidden 3.18-acre lot, used to belong to supermodel Cindy Crawford. 

Scenic common area

It features four bedrooms, five and a half bathrooms, and an open floor plan for shared spaces. According to Architectural Digest, the deal is the most expensive real estate closing in Malibu this year (so far). In addition, other famous folks dwell in the area, such as Leonardo DiCaprio and Neil Diamond. 

Outdoor living space

Images by Adrian Anz.

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