Kim Kardashian and Kanye West Bought Land in La Quinta: Here’s Why


Kim Kardashian West and Kanye West already own a massive house in Hidden Hills, CA, but apparently that’s not enough space. Witness their most recent acquisition: an undeveloped 2-acre plot for $6.3 million in La Quinta, CA.

According to the Los Angeles Times, the plot was quietly purchased at the end of last year through a trust, and the seller is a corporation with ties to billionaire businessman Ronald Burkle.

The Kardashian-West parcel is located in the Madison Club, an exclusive golf and tennis community in La Quinta, which is a two-hour drive (or, in Kardashian-West terms, a short private plane ride) from Los Angeles.

Why Kim and Kanye purchased property in La Quinta

So has this A-list couple just discovered the joys of hitting the links? Odds are, La Quinta attracted Kimye for far different reasons. For one, the Madison Club isn’t just any old golf club, but one with an exclusive clientele, counting Cindy Crawford and Rande Gerber among its members.

Best known as a winter playground for the rich and famous, “this spot is also close to Coachella, SoCal’s largest music festival grounds, so you can expect Kanye to headline there for a few years simply out of convenience,” says Tyler Drew, CEO of Anubis Properties in Los Angeles.

The couple’s latest land grab is also conveniently located close to family, as Kardashian West’s mom, Kris Jenner, has her own mansion on the same street. Little sister Kylie Jenner also owns a piece of property nearby.

“This seems like a very strategic move from the Kardashian-West clan, as creating a family land bank is something wealthy families have been doing for decades,” says Odest T. Riley Jr., CEO of WLM Financial, a real estate brokerage firm in Inglewood, CA.

And compared with Los Angeles, La Quinta is a bargain, with acres of wide-open desert for the taking.

“You get so much more for your money here—there’s no way Kim and Kanye could have picked up 2 acres for this price in the vicinity of L.A., and even if you could find it, you’d have to tear something down,” says Cara Ameer, a real estate agent with Coldwell Banker in Los Angeles.

Another perk of La Quinta’s remote location is fewer hassles when it comes to construction.

“Building something rather large in the desert doesn’t come with as much red tape as it does closer to L.A.,” adds Drew.

With an empty lot, Kimye can put their personal imprint on a mansion that’ll suit the needs of their growing family.

“I could see them building an all-encompassing compound where they wouldn’t have to stray too far for what they need, including a huge pool and grotto, guesthouse, and a private spa or massage rooms so people can come to them,” says Ameer.

So would this mean they’d just kick back at home, or might they also socialize with their neighbors at the Madison Club?

“I doubt they’ll sit by the pool,” says Ameer, “but I’m sure the Madison Club is extending facility privileges to all of the Kardashians, and I could imagine them plugging into the health and wellness aspects of this club as well as hiking and biking on their trails to relax.”

The Kardashian effect on La Quinta

While this growing swell of “KarJenner” sisters (and the attendant paparazzi) could leave the neighbors tearing their hair out, there’s an upside as well.

“The Kardashians buying in the Madison Club and specifically La Quinta is good for property values and raises the prestige factor overall,” says Ameer.

“This purchase could benefit the club by highlighting how exclusive the brand is—and from a business perspective, all free publicity is good publicity,” adds Riley.

Potential downsides to an investment like this one could include resale issues—and even the baking sun.

“Living in the desert isn’t a year-round thing to do, as the temperatures really start to soar from April through the fall, so there’s a short window of comfortable weather in which to enjoy this property,” says Ameer. “This spot swells with crowds in the winter months and has a lot of properties that are second homes or rentals, so there aren’t many year-round residents. Though this probably suits the Kardashian-Wests, as they’re on the move more than anyone else.”



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Jon Bon Jovi’s NJ Home Sale Is Hiding a Secret: Can You Guess?


Jon Bon Jovi fans may often wonder what his rock star life is like, and here’s their chance to take a sneak peek: His New Jersey mansion is for sale, and the photos show that his digs are worthy of his legendary status.

Located on 15 acres in Middleton, NJ, between the Atlantic Ocean and the Navesink River, an hour outside New York City, High Point Estate boasts six bedrooms, seven bathrooms, all in an 18,000-square-foot French-inspired château.

So how much is it worth? Bon Jovi has decided to leave that number a mystery. According to the listing from Christie’s, the price is available “upon request.”

Inside Jon Bon Jovi’s NJ mansion

This mansion makes quite the first impression.
This mansion makes quite the first impression.

Christie’s International Real Estate

Designed by the celebrated architect Robert A.M. Stern, High Point Estate features stately solid wooden double doors, large windows, French balconies, and even a double-wide entrance driveway.

And this isn’t even the only building on the property. The mansion comes with four additional outbuildings, including a three-bedroom carriage house and Bon Jovi’s recording studio. It’s a perfect mix of history and rock and roll.

This rock star's mansion is surprisingly filled with Old World charm.
This rock star’s mansion is surprisingly filled with Old World charm.

Christie’s International Real Estate

This ornate fireplace is stunning.
This ornate fireplace is stunning.

Christie’s International Real Estate

But the most impressive features of this home are on the inside. The living room is huge, with a 12-foot ceiling and gorgeous fireplace. The living room flows to the bar, which features a large window so that guests can enjoy the riverfront views.

This dining room is perfect for intimate dining.
This dining room is perfect for intimate dining.

Christie’s International Real Estate

Of course, we can’t forget the stunning dining room, designed to accommodate a round dining room table for optimum dinner conversations. The dining room isn’t the only place perfect for congregating. There’s a luxurious in-home theater, a family room with a fireplace, and even an outside sitting area complete with an outdoor fireplace.

Upstairs, there are two wings, one for staff and one for the family—the latter of which includes four en suites—including the luxurious master bedroom, worthy of a rock god.

This staircase makes a dramatic statement.
This staircase makes a dramatic statement.

Christie’s International Real Estate

With so much space, the property might be better used for something other than a family residence.

“A great buyer might be a boutique hotel operator or an events company,” says Jeanne Whipple, owner of the Philly Home Girls at Elfant Wissahickon Realtors®. “This property wouldn’t only be a great palace to live in, but a great place to work or stay if the local ordinances allow it. I’d love to go to a luxury music camp there for a week.”

The view from this mansion is incredible.
The view from this mansion is incredible.

Christie’s International Real Estate

So, how much is Bon Jovi’s house really worth?

But the question still stands: Why keep the price tag a secret?

“There are all sorts of reasons the exact price of luxury houses like this one aren’t listed,” says Tyler Drew, a real estate developer in California. “Many times, the owner simply doesn’t want to advertise it to the world. ‘Price available upon request’ in the luxury market usually means ‘You can’t afford it.'”

“Often when celebrities or high net worth individuals sell their homes, they are seeking discretion and privacy,” agrees Brad Bateman, a real estate agent in New York.

“When I have shown celebrity homes in the past, it is standard for the listing agent to ask that we sign a nondisclosure agreement, so that we don’t discuss anything about the home or its famous owner to our friends or colleagues.”

But Cara Ameer, a real estate agent licensed in California and Florida, also points out that real estate agents don’t disclose the price in order to add an aura of mystery and pique the curiosity of the public.

“There are varying viewpoints on this, but some real estate professionals feel that assigning a public price tag to an exquisite property sort of cheapens it, and it may eliminate some buyers from considering it altogether,” says Ameer.

“By disclosing a number, some buyers may judge the property by that alone and eliminate it, feeling that it doesn’t measure up to the number being asked for.”

This tactic could also prove useful for those who aren’t celebrities—in fact, we could see more mystery prices in the future.

“We see the ‘Price to be determined by market’ or ‘Pricing upon request’ moniker frequently in the commercial sphere,” Kurt Westfield, MBA, managing director, WC Equity Group. “I feel it does serve some purpose and also acts as a prescreening for potential buyers. Plus, by not listing a price, the market value is then determined by purchase offers and not by a seller’s opinion.”

Still, real estate agents can wager a guess as to what the price would be.

“Given its size, location, and amenities, I’d say at least $100 million,” says Drew.

Westfield has a way different figure in mind. “There is another listing in the same ZIP code at just under $3 million,” he says. “Granted, it has roughly 60% less square footage and isn’t being sold by a celebrity. There is another at just under $12 million, with 10% more square footage and just slightly less acreage. I would assess pricing Bon Jovi’s property at roughly $14 million.”

Are any of these guesses correct? Only time—or Bon Jovi himself—can tell you that.



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Seahawks’ Mike Iupati Sells Arizona Home With Pro Sports Pedigree


Former Arizona Cardinals guard Mike Iupati recently unloaded his Tuscan-style resort home in Phoenix for $1.45 million, about $50,000 shy of his original asking price.

According to the Los Angeles Times, the hulking offensive lineman was the fourth professional athlete to own the home over the last decade or so. Given the number of pro athletes the home has attracted, chances are that the recent buyer is a baller of some sort.

The roster of owners of the 5,570-square-foot home includes former NFL quarterback Matt Leinart, NBA All-Star Amar’e Stoudemire, and former NFL guard Daryn Colledge.

Now playing for the Seattle Seahawks, Iupati purchased the home in 2015 for $1.365 million.

Wrought-iron accents adorn the staircase.
Wrought-iron accents adorn the staircase.

Realtor.com

Greek columns add drama to the dining and living space.
Greek columns add drama to the dining and living space.

Realtor.com

The lush landscape gives the home the feel of a resort.
The lush landscape gives the home the feel of a resort.

Realtor.com

The backyard features a patio, pool, and boulder slide.
The backyard features a patio, pool, and boulder slide.

Realtor.com

The five-bedroom home sits on an acre of land and is located about 30 miles from the stadium of the University of Phoenix. It features many custom finishes, including tile floors, dramatic pillars, a sweeping staircase, a two-story great room, wrought-iron accents, a dining room under a tray ceiling, and a family room with a fireplace.

The outside of the home resembles a luxe resort, with its lush landscaping, dining patio, and a pool with a spa, grotto, and boulder slide.

Iupati is from American Samoa, and his family had moved to California by the time he entered high school. He later attended the University of Idaho, where he was an All-American before being drafted by the 49ers in 2010. He played five seasons with the 49ers and four with the Arizona Cardinals, and has racked up four Pro Bowl appearances in 10 seasons.



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