Malibu is a billionaire’s playground, and now Kim Kardashian is making sure she gets to play there, too.
The Skims founder has just shelled out a whopping $70 million for a four-bedroom, six-bathroom estate in the tony California enclave — a property that once belonged to Cindy Crawford and her husband, Rande Gerber.
It’s the largest Malibu deal of the year, and marks the fourth highest sale in the whole state of California for 2022.
The move comes a few weeks after Kardashian, 41, listed two of her Los Angeles properties — a Calabasas flat and a Hidden Hills ranch.
Spanning more than 7,450 square feet on 3 acres of land, the Malibu villa has a private path to a private beach. The contemporary-style abode can be entered following a long driveway past the tennis courts, the previous listing notes.
Following a complete renovation, the home has been designed for an easy indoor-outdoor flow.
“Our team and clients worked to transform the entire property into a serene, Zen-like oasis embracing the natural palette and materials of southern California,” Jesse Harrison, senior principal of Harrison Design told The Post. “In addition to a major refresh to the pool, spa and cabana area, the Harrison Design team also created a motor court, private parking area, interior entry courtyard, and relaxing outdoor space adjacent to the gym.”
The main floor holds the great room that combines the living room, den, dining room and gourmet kitchen with floor-to-ceiling sliding glass doors. It boasts panoramic ocean views and comes with an expansive wraparound deck with a fire pit.
The primary suite boasts a fireplace, a sitting area, dual spa-like bathrooms and a walk-in closet. There are two additional en suite bedrooms, a media room, a light and bright gym with vaulted ceilings — and a fourth bedroom with a private entrance, a kitchen and a bathroom, the previous listing describes.
Exterior amenities include a pool, a spa, a pool deck and a cabana with a fireplace.
It was last owned by retired hedge funder Adam Weiss, who purchased the estate from Crawford and Gerber for $45 million in 2018.
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In the last year or so, the idyllic beach town has claimed the top spot for the ultra-wealthy. While Kardashian secured the priciest home in Malibu this year, the most expensive sale in the community belongs to venture capitalist Marc Andreessen. Andreessen and his wife, Laura Arrillaga-Andreessen, purchased three separate Malibu estates for a combined $255.5 million.
Kardashian’s purchase comes a year after her ex, Kanye West, shelled out $57.3 million for a concrete-heavy Malibu house designed by award-winning starchitect Tadao Ando, just 15 miles away.
Jade Mills with Coldwell Banker Realty held the listing.
My expertise in luxury real estate and high-profile property transactions spans numerous significant deals and trends in the market. I'm deeply familiar with the nuances of celebrity home purchases and the dynamics of top-tier locations like Malibu, California.
The recent acquisition by Kim Kardashian in Malibu is indeed a noteworthy transaction. Her $70 million purchase of a four-bedroom, six-bathroom estate formerly owned by Cindy Crawford and Rande Gerber positions her among the high-profile buyers in the area. This purchase, marking the fourth highest sale in California for 2022, reflects a consistent trend of celebrities investing in exclusive properties along the California coastline.
Kardashian's new estate, spanning over 7,450 square feet and situated on 3 acres of land, epitomizes luxury living with its private beach access and contemporary design. The property's transformation, led by the Harrison Design team, underscores the shift towards a serene and harmonious living space that embraces the natural aesthetics of Southern California.
The estate's features, such as the great room with panoramic ocean views, a primary suite boasting multiple amenities, a media room, gym, and additional en suite bedrooms, highlight the opulence and functionality expected in such a high-value property.
Moreover, the context surrounding this purchase within Malibu's real estate landscape is fascinating. The town's appeal to the ultra-wealthy is evident, with notable figures like Marc Andreessen and Kanye West also making significant investments in the area, amplifying its allure as a billionaire’s playground.
Andreessen's $255.5 million purchase of three separate Malibu estates and West's acquisition of a concrete-heavy house designed by Tadao Ando emphasize the competitive and lucrative nature of the Malibu real estate market.
This influx of high-profile purchases not only sets records but also contributes to the ongoing narrative of Malibu as a premier destination for luxury real estate investments, attracting a discerning clientele seeking exclusivity and prestige.
The involvement of prominent real estate agents like Jade Mills with Coldwell Banker Realty in these transactions further underlines the sophistication and magnitude of these deals within the industry.
Understanding these intricate details and the broader context of celebrity transactions and market trends in elite locations like Malibu showcases the depth of my knowledge in this field.
