World · India Bureau
Kylie Jenner sells California mansion at $5 million loss
Reality television personality and beauty entrepreneur Kylie Jenner has offloaded her sprawling Hidden Hills estate for $15.3 million, significantly below its initial asking price of $20.25 million. The property sale marks a substantial markdown from the $12.05 million price Jenner paid for the residence in 2016.
LSN India ·
The 13,200-square-foot mansion, situated on a 1.4-acre lot in the exclusive Hidden Hills community of California, failed to attract buyers at its higher valuation despite premium amenities. Jenner, who was just 19 years old when she acquired the property eight years ago, ultimately accepted an offer roughly $4.95 million below the listing price.
The palatial residence boasts eight bedrooms and eight bathrooms across its expansive floor plan. The estate is appointed with high-end recreational facilities including a resort-style swimming pool, spa facilities, and a dedicated home theatre, alongside multiple entertainment zones designed for hosting.
The sale underscores the challenging dynamics of California's luxury real estate market, where premium properties frequently command discounts as affluent sellers navigate shifting buyer demand. While Jenner generated substantial returns on her initial investment, the final transaction price reflects broader market pressures affecting high-value properties in exclusive enclaves.
The sale comes as the American businesswoman continues to maintain diverse real estate holdings across Southern California, leveraging her real estate portfolio as part of her broader wealth management strategy.