The Real Deal Miami

Kim and Kanye take Miami? Couple buying condo at Faena House

Access Industries executive Alex Blavatnik is selling the four-bedroom unit
December 28, 2018 12:30PM

Kayne West and Kim Kardashian West (Credit: Getty Images and Zillow)

Kim Kardashian and Kanye West are under contract to buy Alex Blavatnik’s unit at Faena House in Miami Beach.

The couple is buying unit 5A at the Norman Foster-designed luxury beachfront tower at 3315 Collins Avenue, according to Page Six. Blavatnik, the brother of energy billionaire and Faena District investor Len Blavatnik, is selling the four-bedroom, 4,700-square-foot unit. It was listed for $15.5 million. Page Six reported that the sale price is $14 million, but a source said that is not the correct.

It would mark the first home in Miami for the couple, who are based in Hidden Hills, California, but both have spent time in Miami. Kardashian filmed three seasons of the reality TV spinoff “Kourtney and Kim Take Miami” between 2009 and 2013.

Kardashian and West are expected to close on the Miami Beach unit in January. Douglas Elliman’s Oren Alexander has the listing, but declined to comment, citing a confidentiality agreement.

The 18-story, 42-unit building is part of developer Alan Faena’s mixed-use district that includes the Faena Hotel, Faena Forum and Faena Bazaar. Faena House was completed in 2015 and sold out for more than $407 million to buyers like billionaire hedge fund manager Ken Griffin, who put his two penthouse on the units on the market for a combined $73 million.

Property records show Alex Blavatnik paid $11.55 million for that unit in 2015. He sold his other unit at Faena House last year for $13 million. [NYP] – Katherine Kallergis