Lifestyle

Kim Kardashian pays $70M on old Malibu property as a means of escaping legal difficulties

Kim Kardashian is already planning a luxurious coastal getaway for next summer—and many more. The reality TV star-turned-billionaire shapewear magnate and aspiring lawyer spent $70.4 million for a beachfront mansion on Malibu’s Encinal Bluffs. Off-market acquisition finalized last week.

 

The deal is Malibu’s most expensive residential transfer of 2022 and the fourth-most expensive California home sale of 2022, behind Drake’s $75 million home, a $120 million Holmby Hills deal, and Bel Air’s “The One” megamansion, which sold at auction for $126 million. Jade Mills of Coldwell Banker listed Malibu; Compass represented the buyer.

 

Walter de Logi, a biotech entrepreneur who died in 2014, possessed a 6-acre estate with a Mediterranean villa-style residence built in 1944 and significantly refurbished in the 1990s and 2016. His wife Lynda sold the large property to Cindy Crawford and Rande Gerber for almost $50 million the following year.