The summer may be over, but Kim Kardashian is already planning her fancy seaside vacation for next year – and many more. The reality TV star-turned-billionaire shapewear mogul and aspiring lawyer bought an oceanfront estate on the Encinal Bluffs, one of Malibu’s most coveted neighborhood pockets, for $70.4 million. Off-market closing took place last week.
This is the most expensive residential transfer in Malibu this year, and the fourth-priziest in 2022. Drake paid $75 million for his new home, $120 million for a Holmby Hills house, and $126 million for Bel Air’s infamous “The One” megamansion, which sold at auction for $75 million. The buyer was represented by Tomer Fridman of Compass; the listing was handled by Jade Mills of Coldwell Banker. 
Formerly the centerpiece of a 6-acre estate long owned by biotech entrepreneur Walter de Logi, who died in 2014, the Mediterranean villa-style house was built in 1944 and extensively remodeled in the 1990s. Lynda, his widow, sold the property for more than million to Cindy Crawford and Rande Gerber, their next-door neighbors.
There were two parcels of the estate: one 2.8 acres and the other 3.2 acres. The main house was on the 3.2 acre parcel. A retired hedge fund manager from Silicon Valley, Adam Weiss, purchased the 3.2-acre parcel in 2018 for million. Crawford kept the smaller parcel for herself.
Harrison Design subsequently redesigned the somewhat dated premises for Weiss. In order to enhance the Southern California character of the property, the team “redirected the driveway, brought in several tons of hand-selected boulders, and even moved 40-foot trees” to make the approach much more compelling, according to senior principal Jesse Harrison of the firm.
After living there for a few years, Weiss sold the property to Kardashian. Kardashian came calling with a significantly lower offer after listing the property in March with a $99.5 million price tag.
The 55-year-old Weiss and his wife Barret Swatek have purchased a $45 million oceanfront estate close to Jeff Bezos’ vacation house on the Hawaiian island of Maui. The 41-year-old Kardashian resides primarily at her Hidden Hills estate. Additionally, she owns two “spare” Hidden Hills homes, one of which was recently put on the market; she also owns a luxury condo in Calabasas and a vacant lot at the Madison Club in La Quinta.
As an aside, Kardashian’s new estate is just 14 miles from Kanye West’s Brutalist estate, so not exactly a sugar-borrowing distance. Additionally, Crawford and Leo DiCaprio are among Kardashian’s new Malibu neighbors, along with Neil Diamond, Michael Eisner, and Marcy Carsey.
