World · India Bureau
Kim Kardashian acquires Malibu estate for $70.4 million after price cuts
The reality television star and businesswoman purchased a sprawling oceanfront property in California that was previously owned by supermodel Cindy Crawford. The 3.18-acre estate changed hands at a significant discount from its original asking price.
LSN India ·
Kim Kardashian has acquired a luxury Malibu mansion for $70.4 million, marking a substantial reduction from the initial asking price of $99.5 million. The property, located on California's exclusive Pacific coastline, features panoramic ocean views and direct access to a private beach.
The estate was previously owned by supermodel Cindy Crawford and her husband, who purchased the residence in 2015. Prior to the sale, the owners undertook extensive renovations to modernize and upgrade the sprawling oceanfront compound.
The 3.18-acre property boasts high-end amenities including a large swimming pool and manicured grounds. Multiple price reductions over the selling period ultimately resulted in the final sale price, which represents a significant departure from the sellers' initial valuation.
The acquisition adds to Kardashian's expanding real estate portfolio and reflects ongoing investment activity among high-net-worth individuals in Southern California's luxury property market. The transaction underscores current market dynamics in the premium coastal real estate segment.