KimYe pump $20M into Hidden Hills home – and see big payoff
Mansion was recently appraised at $60M
Maybe this will get Kanye West out of his self-proclaimed “$53 million personal debt.”
West and wife Kim Kardashian spent $20 million to overhaul their mansion in the Hidden Hills neighborhood near Calabasas. It looks like it was a prudent investment, as a recent appraisal valued the estate at $60 million, TMZ reported. Which means they’re $20 million in the gravy, having paid $20 million to buy the property in 2014.
The home – once owned by Lisa Marie Presley – includes a full music studio and spa. Prior to the upgrades, the 15,000-square-foot mansion featured a pair of swimming pools and vineyards.
This isn’t the first time the couple has made savvy real estate plays. They recently sold another renovated property in the Bel Air Crest neighborhood for $17.8 million, after paying $9 million for the property in 2013.
Kardashian and West also own a condo in the Avanti community in Calabasas , which they bought with Kris Jenner. [TMZ] – Natalie Hoberman