UPDATED, April 27, 4:08 p.m.: Kylie Jenner made another luxury home purchase in Los Angeles, dropping $36.5 million for a Holmby Hills spec mansion built by developer Gala Asher.
The Mapleton Drive property hit the market in August 2019, asking $55 million. Marketing materials emphasized its security and privacy features — a listing called it a “modern fortress” complete with “massive walls” along the lot’s perimeter and a dedicated guard house.
The sale was recorded in Redfin, and TMZ first reported Jenner as the buyer. Several sources also confirmed the celebrity purchase. Compass’ Ginger Glass, who is Asher’s wife, had the listing and declined to comment on the sale.
The 15,350-square-foot main house at 145 N. Mapleton Drive is built around a large courtyard with a pool at its center, flanked by a dining room and leisure spaces. It has seven bedrooms and 14 bathrooms. There are two more guest suites with private patios and entrances on the courtyard.
After eight months on the market, the asking price was dropped earlier this month to $46 million. Until coronavirus began to take hold, L.A.’s housing market seemed poised for a strong year. Price growth and sales slowed in 2019, leading to a correction and more deals in the first quarter of 2020. A recent report from Douglas Elliman found a 12.6 percent increase in sales year-over-year, and a record $1.6 million median sales price for downtown and Westside homes, despite the pandemic-related slowdown late in the quarter.
Asher spent two years building the Holmby Hills home. He bought its 0.8-acre property in October 2017 for $12 million, knocked down a 6,000-square-foot home and started work on the spec project. A year before that, he sold another spec home in the neighborhood to Detroit Pistons owner Tom Gores for a record $100 million.
This is at least the second L.A. property billionaire Jenner has purchased from Asher. In March 2019, a trust linked to Jenner paid $3.25 million for an undeveloped lot in La Quinta’s Madison Club community. The seller was a trust tied to Asher; Glass, who was a broker for Coldwell Banker at the time, also had the listing. Plans for a 15,000-square-foot home were also included in the deal. The land, which is just under one acre, is located about a half-mile from an 11,000 square-foot home that was purchased by a trust tied to her mother, Kris Jenner.
In 2018, Jenner and rapper Travis Scott paid $13.5 million for a 9,680-square-foot mansion in Beverly Hill Post Office.
This story has been updated with Kylie Jenner as the buyer.