Reality TV star and shapewear mogul Kim Kardashian is expanding her real estate portfolio with a stunning $70.4 million oceanfront estate in Malibu, California. The off-market deal, closed last week, makes it the most expensive residential transfer in Malibu this year and the fourth-priciest California home sale of 2022.

The Mediterranean villa-style house was built in 1944 and underwent extensive renovations in the 1990s and 2016. It was originally part of a 6-acre estate owned by biotech entrepreneur Walter de Logi, whose widow, Lynda, sold the property to Cindy Crawford and Rande Gerber in 2014.

After the estate was divided into two parcels, the 3.2-acre spread with the main house was sold to Adam Weiss, a retired hedge fund manager, for $45 million in 2018. Weiss made significant improvements to the property, enhancing its Southern California charm with landscaping and driveway modifications.

In March, Weiss listed the estate for $99.5 million, later reducing the price to around $90 million before accepting Kardashian’s offer. The 7,450-square-foot property features four bedrooms, 5.5 bathrooms, and breathtaking ocean views.

Kardashian, 41, plans to use the estate for future seaside vacations, adding to her impressive collection of homes that includes her main residence in Hidden Hills and two other Hidden Hills properties. She also owns a luxury condo in Calabasas and a vacant lot in La Quinta’s prestigious Madison Club.

Located about 14 miles away from Kanye West’s $57 million property, Kardashian’s new estate is in good company, with neighbors such as Marcy Carsey, Leonardo DiCaprio, Neil Diamond, and Michael Eisner. The purchase demonstrates Kardashian’s continued success and her keen eye for luxurious investments.