KimYe pump $20M into Hidden Hills home – and see big payoff

Mansion was recently appraised at $60M

Kim Kardashian West and Kanye West with Hidden Hills home (Credit: Getty Images and Google Earth, Pixabay)
Kim Kardashian West and Kanye West with Hidden Hills home (Credit: Getty Images and Google Earth, Pixabay)

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.

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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