[ad_1]
Cindy Crawford and Rande Gerber have sold their flipped Beverly Hills home to WhatsApp co-founder Jan Koum – who also happens to be the couple’s neighbor.
The supermodel and the Casamigos co-founder made an impressive $1.8million profit on the sale, after Koum – worth a staggering $10.5 billion – snapped up the neighboring property for $13.5million.
Koum, 45, is now the proud owner of the mid-century modern abode, in the idyllic 90210 neighborhood of Trousdale Estates, the New York Post reports.
Impressive! Cindy Crawford and Rande Gerber have sold their flipped Beverly Hills home to WhatsApp co-founder Jan Koum for $13.5M… making an impressive $1.88M profit
However, Cindy, 55, and Rande, 59, had originally intended to make a slightly bigger profit, having put the home on the market for just under $16million.
That’s a difference of a hefty $2.5million, though still small change for billionaire Koum.
Ukrainian-American billionaire entrepreneur Koum was born in Kyiv, Ukraine, then in the Soviet Union. He moved with his mother and grandmother to Mountain View, California in 1992, and became interested in computer programming at the age of 16.
Meanwhile, Cindy is now said to have notched up around $8million in profits over the last six years thanks to her property flipping skills.
Three years ago, the Hollywood power couple purchased the property from New Republic frontman Ryan Tedder for $11.625 million, who extensively renovated and expanded the house.
Exchange: WhatsApp co-founder Jan Koum (left) who is worth a staggering $10.5 billion, is said to have already been a neighbor of Cindy and Rande, so is familiar with the aria
Incredible views: Three years ago, the Hollywood power couple purchased the property from New Republic frontman Ryan Tedder for $11.625 million, who extensively renovated and expanded the late 1950s home
The pair, who reside primarily in their lush compound in Malibu, appeared to make a ‘few cosmetic alterations to the interior along with fair number of landscaping changes, especially in the backyard,’ as pointed out by Variety.
The couple’s five bedroom property is equipped with an impressive outdoor area, pool and a fire pit fit for entertaining guests.
Flooding the neutral toned living quarters with lots of light, the sitting room features a statement stand alone fireplace in the middle of the room which doubles up as a bar.
The 5,386-square-foot home, built in 1959, boasts three living spaces, high ceilings, a media room, tree-shaded deck space, five-and-a-half bathrooms and multiple sliding glass doors.
Welcoming: The pair, who reside primarily in their lush compound in Malibu, appeared to make a ‘few cosmetic alterations to the interior along with fair number of landscaping changes, especially in the backyard,’ as pointed out by Variety
Cozy: The supermodel and the Casamigos co-founder’s five bedroom property is equipped with an impressive outdoor area, pool and a fire pit fit for entertaining guests
While the master suite is something to behold, the pièce de résistance of the home is the chef’s kitchen, which features an incredible marble island and stainless steel appliances.
The owner’s suite also includes a bathroom with two massive vanities and a glass-enclosed shower.
The property recently hit the market with the asking price of $15.99 million and is ‘stylish, chic, and completely private,’ according to the listing with Kurt Rappaport of Westside Estate Agency.
Comfy: Flooding the neutral toned living quarters with lots of light, the sitting room features a statement stand alone fireplace in the middle of the room which doubles up as a bar
Living room: The 5,386-square-foot home boasts three living spaces, high ceilings, a media room, tree-shaded deck space, five-and-a-half bathrooms and multiple sliding glass doors
Fire place: The owner’s suite also includes a bathroom with two massive vanities and a glass-enclosed shower
Media room: The property recently hit the market with the asking price of $15.99 million and is ‘stylish, chic, and completely private,’ according to the listing with Kurt Rappaport of Westside Estate Agency
Additionally, the the interiors are open and contain ‘meandering paths’ and is invisible from the street behind thick foliage and heritage trees.
Positioned on a one-acre lot, the house is surrounded by stunning and luxurious outdoor patios.
Crawford and Gerber have invested heavily in the City of Angeles’ luxury real estate market over the years.
Bedroom: While the master suite is something to behold, the pièce de résistance of the home is the chef’s kitchen, which features an incredible marble island and stainless steel appliances
Their biggest recent deal was in 2018, when they sold their Malibu beach house for $45 million, after first listing for $60 million in 2016, then $50 million.
Last summer, the savvy pair paid $4.9 million for a home at the Madison Club resort in La Quinta, near Palm Springs.
In a interview with Architectural Digest last April, Cindy, who has been married to Rande since May 1998, revealed that they have multiple homes, to please their kids.
Private: Additionally, the the interiors are open and contain ‘meandering paths’ and is invisible from the street behind thick foliage and heritage trees
Sliding glass doors: Positioned on a one-acre lot, the house is surrounded by stunning and luxurious outdoor patios
Making money: Crawford and Gerber have invested heavily in the City of Angeles’ luxury real estate market over the years
Doing well: Their biggest recent deal was in 2018, when they sold their Malibu beach house for $45 million, after first listing for $60 million in 2016, then $50 million
She revealed: ‘We have our main house, in Malibu, which we’ve had for 15 years, and we have a lake cottage in Canada, which is on the East Coast, outside of Toronto. It’s very Ralph Lauren. That’s what my husband and I both wanted. We both grew up going to lakes in the summer. He went to summer camp, I just went with my family, but we wanted that experience for our kids. And so we wanted it to feel like almost like a log cabin camp vibe.’
‘Then, we just bought a house last year in Beverly Hills, because our kids were getting older. Malibu’s great when they’re little, but they’re starting to be like, “It’s so boring here, we wanna be in town.” So we got that house.
‘It’s midcentury modern, so it’s been fun putting it through our own filter, because some of the midcentury stuff is too low or it’s not comfortable. We make a lot of our upholstery. My husband is very, very picky about the cushion density and seat depth because he’s taller. We’ve got it down now. We know the dimensions we like, so sometimes we just change the body style.’
Investing: Last summer, the savvy pair paid $4.9 million for a home at the Madison Club resort in La Quinta, near Palm Springs (pictured the Beverly Hills home)
Doting mom: In a interview with Architectural Digest last April, Cindy, who has been married to Rande since May 1998, revealed that they have multiple homes, to please their kids
‘We have our main house, in Malibu, which we’ve had for 15 years, and we have a lake cottage in Canada, which is on the East Coast, outside of Toronto. It’s very Ralph Lauren. That’s what my husband and I both wanted. We both grew up going to lakes in the summer. He went to summer camp, I just went with my family, but we wanted that experience for our kids. And so we wanted it to feel like almost like a log cabin camp vibe,’ she revealed
As for her design inspiration, she gets it from her extensive traveling, or occasionally a ‘piece of clothing.
‘I’m about comfort and the way things feel. My husband, he would sacrifice functionality for the look, and I wouldn’t,’ she noted. ‘I think that’s my practical mom brain.’
She joked: ‘When my kids were little, I was like, “Can a kid throw up on this?” It had to pass that test.’
She and her husband are the parents of models Kaia, 18, and Presley, 21.
‘Then, we just bought a house last year in Beverly Hills, because our kids were getting older. Malibu’s great when they’re little, but they’re starting to be like, ‘It’s so boring here, we wanna be in town.’ So we got that house,’ Cindy said last April
Impressive eye for detail: As for her design inspiration, she gets it from her extensive traveling, or occasionally a ‘piece of clothing’
[ad_2]
