The buyer of Cindy Crawford’s former Malibu estate that went into contract last month has been revealed. According to Dirt, Kim Kardashian scooped up the seaside property for $70.4 million in an off-market deal that closed last week—a steal compared to the initial $99.5 million asking price from when the home was last listed. The sellers are investor Adam Weiss and his wife, Yellowstone actress Barret Swatek, who bought the home from Crawford in 2018 for $45 million.
Kardashian has had a busy month. A couple of weeks ago she listed both a $5.3 million Hidden Hills property and a $3.5 million Calabasas condo. This new edition to her real estate portfolio will provide ample room for the reality television star and business mogul to entertain the large and ever-evolving Kardashian-Jenner family. Located in the exclusive Encinal Bluffs neighborhood, the 7,450-square-foot Mediterranean-style villa sits on a hidden 3.18-acre lot that offers multiple wraparound decks, patios, and a private path to a secluded beach. Other outdoor amenities include a tennis court, a poolside cabana complete with an outdoor fireplace, and a fire pit area and spa that each offer sweeping ocean views.
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Inside the four-bedroom, five-and-a-half bathroom dwelling, large sliding glass pocket doors connecting to the wraparound decks make for panoramic views even without setting foot outside, though the home’s design makes for seamless indoor-outdoor living. The modern interior also offers a roomy open floor plan of the common spaces, a primary suite complete with two bathrooms and a walk-in closet, and a vaulted-ceiling gym that Kardashian is sure to make use of.
The deal is the most expensive real estate closing in Malibu and the fourth most expensive in California so far this year. Leonardo DiCaprio and Neil Diamond are among Kardashian’s new neighbors.
