|Images courtesy Hilton & Hyland|
The dynamic duo of Kanye West and Kim Kardashian made real estate headlines when they acquired the former Lisa Marie Presley mansion in Hidden Hills that was demolished by a UCLA doctor and rebuilt into a massive 15,667 sqft home on 3 acres of land for $20 million in August 2014 which was discussed on this site on August 7, 2014. This home was originally discussed on April 4, 2013 when the home first hit the market.
But what few people knew is that Lisa Marie Presley also owned the house next door for her ex-husband to be close to the kids which was also purchased by the UCLA doctor but not demolished and rebuilt as shown in the pictures above . At the time when West/Kardashian purchased the home, the second smaller home was also available. When the news hit of the purchase I made the following comment on August 7, 2014:
Speaking of privacy, Presley's former next door home (shown above) is also on the market which she purchased for her ex-husband to use for visiting the kids. Presley sold this home on February 24, 2011 for $1.2 million to an LLC that links back to the same doctor that purchased the Presley home. The good doctor almost started to renovate this home but I guess gave up on the idea although it appears that he is also offering up his conceptual drawings which are shown in the listing pictures. The current home measures 4 Beds/3 Baths on 2,842 sqft on a total lot size of 1.49 acres built in 1954 which means its one of the original Hidden Hills ranch homes which are quickly being demolished for updating. This home hit the market on July 1, 2014 for $2,950,000 which gives the good doctor a profit $1.75 million before any expenses without doing much to this property. If I were Kim and Kanye, I would buy this property for the sake of maintaining privacy they so desperately need or desire, otherwise, welcome new neighbors especially with this news breaking out.
West and Kardashian must have been following my blog because they quietly purchased the house for $2,925,000 on December 15, 2014 according to Trulia Luxe Living with speculation that they will indeed demolish and build some sort of complementary house in the form of a recording studio, mancave, or whatever to support their existing main home.
You can view more SFV Celeb R.E. here.