Wednesday, 6 May 2020

22 Year Old Kylie Jenner buys 5 acres of land in Hidden Hills for $15 Million. PHOTOS


Kylie Jenner has expanded her very impressive real estate portfolio by buying 5 acres of land.

The 22-year-old billionaire has made a record-breaking $15million purchase on 5 acres of land in Hidden Hills, California, according to TMZ.

The multi-million dollar deal came just a week-and-a-half after Kylie moved into a sprawling, lavish $36.5million "resort compound" in Holmby Hills.

Kylie also bought Palm Springs land where she was recently quarantining with Stormi and baby daddy Travis Scott.

Before moving into her $36.5 Holmby Hills compound, she lived in a $12million Hidden Hills mansion which she bought in 2016.

The mansion sprawls over 13,200 square feet, according to real estate site Trulia.

Jenner is also reportedly the co-owner of a $13million Beverly Hills investment property with Travis Scott. Kylie and Travis bought the property as an investment in 2018.

Jenner picked up her first home while just 17-years-old in 2015. She chose the location because it was close to sisters Khloe and Kourtney Kardashian. It's reported that she did extensive renovations in order to satisfy her 'edgy' tastes.

When the house sold to entrepreneur Nikki Eslami in 2017, Kylie is said to have made a $500k profit.

Kylie upgraded in 2016, purchasing a space that was nearly 2000 square feet bigger than her previous digs. It was reportedly home to six bedrooms, seven bathrooms, a home theater, and a four-car garage with epoxy floors.

Jenner sold the spot in 2018 and though it was a private sale, it's reported she made $1million in profit.

Jenner decided to become her own neighbor just three months later, picking up the property immediately next door. Her plan was to make the space into a home office but she  put the house on the market just five months later.

It sold to hockey player John Schiavo in 2017 for about $750k more than she bought it for. 

In 2017, Jenner purchased a vacant piece of land with plans to make a garden and horse farm but things never came to fruition.

But she decided to ditch the plot about 10-months later, still making a profit as she offloaded the undeveloped land for $5.35million the following August.

In April 2020, Kylie bought the Holmby Hills compound for $36.5 Million. It is billed as a 'resort compound,' sprawling over 19k square feet.

The property was originally listed at $45million, meaning Jenner got a discount.

Though she just bought a new place, it doesn't look like Kylie has plans to sell her current home, bought in 2016, anytime soon, as the home is not listed anywhere. 

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