Kardashian buying spree continues as matriarch drops $12M on desert mansion

Single-family deal is Coachella Valley’s biggest since 2016

Sep.September 25, 2018 04:30 PM
Kris Jenner, matriarch of the Kardashian clan, reportedly paid $12 million for a mansion in Coachella Valley. (Credit: Coldwell Banker, Getty Images)

It’s not easy to keep up with the Kardashians’ real estate deals.

The latest home purchase by a member of the reality-TV-and-social-media influencers was by Kris Jenner, who paid $12 million for a mansion in a country club development in Coachella Valley, Variety reported. The news comes three days after it was reported that one of Jenner’s daughters, Kylie, had sold one of her two homes in Hidden Hills for $6.7 million.

The sellers in Kris Jenner’s deal were developers Gala Asher and L.A.-based Coldwell Banker broker Ginger Glass, who was also the listing agent. They acquired the property in 2015 for $2.15 million. The original asking price was $15 million in June.

(Credit: Coldwell Banker)

According to the Desert Sun, it is the highest amount paid for a single-family home in Coachella Valley since 2016, when investor Ron Burkle paid $13 million for a property long owned by Bob Hope.

Jenner’s new one-story mansion includes more than 11,000 square feet of indoor living space and 3,500 square feet of outdoor living space. There are seven bedrooms, a spa and a 100-foot-long infinity edge pool.

(Credit: Coldwell Banker)

There’s no telling if Jenner actually plans to live in the mansion, especially with the family’s growing habit of flipping properties the past few years. The matriarch’s portfolio alone includes a Century City condo she bought in 2015 for $1.7 million and three condos in a Calabasas complex acquired in 2017 for more than $4.7 million. She also owns a Hidden Hills mansion. And last year, she paid more than $9.9 million for another home across the street from a 15,000-square-foot compound her daughter, Kim Kardashian, bought with husband Kanye West, in 2014 for $19.75 million. [Variety]Gregory Cornfield

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