August 6, 2014 1:56 PM
Kim Kardashian and Kanye West are in escrow on a $20 million Hidden Hills estate, according to TMZ. But what about that beautiful Bel Air mansion they bought last year for $11 million?! Turns out they decided to flip the palatial pad after all!
The supercouple were able to get the seller to knock off an extra million (the home was originally listed for $21 mil), and based on property records, the pad was last sold by Lisa Marie Presley for $5 million in 2010. The unknown owner plunked down a decent chunk of money to flip the home over the last few years, but it looks like they're still set to make a hefty profit with this sale.
The gated 15,667-square-foot home has 8 bedrooms and 10 bathrooms, and not only does it sit on 3 acres with vineyards, but it's just 5 minutes from the Kardashian family compound (aka Kris Jenner's home) in Calabasas. Other features include a gym, a steam shower, a sauna, a gourmet kitchen with three islands, a game room, a home theater, a wet bar, a library and a guest house with a fireplace.
Outside there are two pools and hot tubs, two BBQs and a 1,050-square-foot "entertaining pavilion" with a fireplace, along with rock speakers, three fountains, a garden and there's even a sports court. According to listing info, "nothing like this [has been] created before in Hidden Hills." We believe it!
Kim has reportedly been eyeing the place for months, and both she and Kanye have ridden over to their dream home on Vespas from Kris' house to "keep a low profile." Escrow is set to close at the end of the month, and as far as their Bel Air pad, after realizing that they could make a lot of money flipping it, Kim and Kanye are now planning on buying and re-doing several homes a year! "Kim and Kanye enjoyed the renovation process so much they've decided to make it a side business," a source told the site.
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