Jan. 12, 2013 at 1:38 PM ET
This week in celebrity real estate, Kanye West and his girlfriend Kim Kardashian entered a contract to buy a home in Bel-Air. Madonna moved her enormous Beverly Hills estate from a pocket listing to an official listing on the MLS.
Kanye West and Kim Kardashian buy in Bel-Air
After rumors of house-hunting in Miami, Kim Kardashian and Kanye West decided to locate closer to home — or closer to the Kardashian home — as reports reveal the high-profile celebrity couple bought a home in the Los Angeles neighborhood of Bel-Air.
The place in question is a newer construction, 9,000-square-foot home in the exclusive, gated Bel-Air neighborhood known as Bel-Air Crest. Built in 2010, the new “Kimye” home is next to a gargantuan 20,000-square-foot home, which is occupied and not on the market. Both homes are currently owned under the same name and were constructed around the same time.
According to property records, the Mediterranean-style home has five bedrooms. The three-quarter-acre lot has an expansive grass lawn and views of the surrounding hills. Situated at the end of a dead-end street off the main road, the home has no immediate neighbors behind it.
Reportedly, the new parents-to-be plan on redoing the entire home, adding 4,000 square feet to the residence. But, as is, the home is rather impressive and significantly larger than Kim’s current digs in Beverly Hills or Kanye’s place in Hollywood Hills.
Their joint purchase opens with a grand, two-story entrance with black walnut parquet floors and leads to a living room with cathedral-height ceilings and a stone fireplace. A gourmet custom kitchen opens to the back yard, which holds an outdoor living area with a barbecue. The master suite has an enormous bath, a closet big enough for the fashion-loving pair, a sitting area and balcony.
Originally listed for $11.4 million in April 2011, the home received a price cut and was most recently listed for sale at $10.75 million. At that price, Kim and Kanye are looking at a $38,077 monthly payment, assuming a 20 percent down payment on a 30-year mortgage, according to Zillow’s mortgage calculator.
Madonna lists Beverly Hills estate for $22.5 million
After 10 years of ownership, Madonna has officially put her enormous Beverly Hills estate on the market for $22.5 million.
The Material Girl has been wanting to get rid of the property since early 2012; she first listed the French country-style estate as a pocket listing for $28 million. While pocket listings can sometimes garner the kind of buzz a high-end property needs to sell, it apparently wasn’t the right sales tactic for Madge’s place. And even though the home is officially listed, Madonna is still keeping the place under wraps, releasing only an aerial photo to the MLS.
Madonna bought the home for $12 million in 2003 when she was married to Guy Richie, and like many of her properties, the residence received a complete overhaul from the singer-songwriter-actress. Built in 1912, the home sits on 1.25 gated, landscaped acres. Spanning 17,000 square feet, the house has nine bedrooms, two living rooms, a two-story dining room, full-size home theater, gym, outdoor pool and tennis court. The home also has several sets of offices — including assistants’ offices — staff rooms and guesthouses.
Madonna doesn’t own any other homes in L.A., and it appears that she is set on the East Coast. She recently listed her Upper West Side duplex for $23.5 million, choosing to spend her time in a $32 million Georgian townhouse she purchased in 2009. Madonna also owns an estate in Bridgehampton, N.Y.
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