The Kardashians spend $47 million to build a compound on Britney Spears’ old home

[jennyj]

A $47 million property that was once home to Britney Spears is saying “Hit me baby one more time” — this time, to the Kardashian family.

Khloé Kardashian and Kris Jenner have purchased neighbouring lots for custom homes in Hidden Hills, the upscale LA enclave where they and their famous friends have settled in recent years.

It wasn’t clear how much the mum and-daughter duo paid for the valuable real estate, where Spears’ home once stood before being demolished.

But now, Realtor records show that they dropped a combined $47.1 (US$37M) for the 3.4-acre property near the edge of the Upper Las Virgenes Canyon Open Space Preserve in late December.

Khloé paid $21.7 million (US$17M) for a 1.86-acre lot on the same date her mum/manager purchased a $25.5 million (US$20M), 1.53-acre corner lot next door, The Post reports.

They purchased it from an LLC registered to a small development company called Metro Development Homes, records show.

Reportedly $36.1 million (US$28.3M) of that cash is going directly to construction and development costs, since the land is assessed at (and was listed for) less than $11.5 million (US$9M).

What could the houses possibly include to cost that much?

Jenner’s house is 1535 sq m, with eight bedrooms and nine bathrooms, and every conceivable amenity — an eight-car garage, covered patios, guesthouse, movie theatre, gym, lounge, office and a pool with inset spa.

While we can’t see inside her home (yet), Metro Development Homes recently completed some equally expensive homes nearby that closely resemble the specifications of Kris’ house.

A Jed Smith Road mansion completed in 2016 has seven bedrooms, nine bathrooms and 1,300 sq m with marble floors, a cinema, a sauna, a wine cellar, a pizza oven and a recording studio.

[godneyjspears]

I feel poor 

[sunny_liston]

Yet another data point confirming that Britney's current net worth of ~60m is either blatantly wrong or, more likely, that she was bled dry over the last decade by the many terrible people around her.  

[TakeYourHand]

Kris spent a few million more for less land lol. Her property must be on more of a slope. That’s crazy! 😜 

[jordeezy river red]

Just imagine the property that money could buy outside of Los Angeles...literally a small town