The iconic home that Kris Jenner used as a façade for her mansion on the popular reality TV show “Keeping Up With the Kardashians” is once again up for sale, and this time the price tag is staggering. Located in Studio City, the luxurious property is listed at an eye-watering $8,888,888, reflecting a significant appreciation since its last purchase.
Key Takeaway
Kris Jenner’s former “KUWTK” home, which was used as a front for the show, is up for sale once again. Listed at a staggering $8.9 million, this luxurious property has seen significant appreciation over the years, offering buyers a chance to own a piece of Hollywood history.
A Pricy Investment Turned Profitable
In 2018, the current owner acquired the house for $5.25 million, and if they manage to secure the full asking price, they stand to make a whopping $3 million profit, not considering any additional investments made. This significant price jump over a relatively short span of time illustrates the prestige and allure associated with a property that had a starring role in the hit reality TV series.
A Fluctuating Market For the Famous Property
Over the past nine years, the house has been listed for sale multiple times, and each time, the final selling price has seen considerable fluctuation. For instance, in 2018, the asking price was initially set close to $8 million, but the owner eventually significantly reduced it to seal the deal. It remains to be seen what the present owner will ultimately accept for this highly sought-after property.
Is the High price Justified?
This luxurious L.A-area home boasts seven bedrooms, nine baths, and all the extravagant features one would expect from a high-end property. However, with an asking price of nearly $9 million, potential buyers may question whether the price tag is justified. The current state of the housing market, with soaring interest rates and limited activity compared to previous years due to the pandemic, adds an additional layer of uncertainty.
It’s worth noting that the house being sold is not Kris Jenner’s actual residence. For security reasons, the show used this property as a stand-in, keeping her real home off-camera. The listing is held by Sarah Greenberg of Realty One Group West.
