Reality TV star Kylie Jenner and rapper Travis Scott are still trying to part ways with their Beverly Hills, CA, megamanse. And to entice a buyer, they have once again slashed the price.

Originally listed for $21.9 million two years ago, the luxury estate is said to be the first property the celebrity couple purchased together, according to TMZ.

They have since continued to drop the price, to $19.9 million a year ago, but haven’t had much luck attracting a buyer. So the pair pulled it off the market.

Earlier this week, the seven-bedroom estate resurfaced again—this time for $17,995,000. But even with that dramatic price slice, it’s still a cool $4.5 million more than the $13,450,000 they paid for it in 2018.

So, why hasn’t it sold? Here’s what some top luxury real estate experts had to say.

Any offers?

“There are a few reasons why,” says Cara Ameer, real estate agent with Coldwell Banker Vanguard Realty.
“It’s a cool, sleek, turnkey house.”

And she points out that it’s unclear whether offers have been made on the property already.

“These are not have-to-sell sellers,” she says of Jenner and Scott. “So maybe they just want to wait it out for the right price. Sometimes these things have to be massaged. They have three listing agents, so they could also be trying to expand their networks and go with two different brokerage firms.”

Since purchasing the place, the celeb duo are said to have put their own touches on the swanky 9,100-square-foot home.

Priced right?

Rochelle Atlas Maize, executive director of luxury estates and an agent with Nourmand & Associates, believes the home’s initial asking price was too high.

“When the property first came on the market at just under $22 million, it was priced too aggressively,” Maize contends. “Since then, it has been reduced multiple times. It’s now stale. In my opinion, it is worth $16.5 to $17 million.”

She also notes that “separately, the property is over an acre, but most of the land is sloping and not flat. The buyer will likely be a young couple, a family, or someone in the entertainment business who desires complete privacy.”

Meanwhile, luxury real estate broker and founder of zipsmart.ai, Arvin Haddad, who talks about the property on his YouTube channel, believes the couple overpaid for the property.

“They bought it for $13.5 million and have done some work to it, but even $13.5 million was a high number for that property,” he says. “Kylie tends to overpay for everything she buys, but she didn’t get a good deal on the house.”

But Haddad admits there is a silver lining here.

“The finishes, though, are exquisite,” he acknowledges. “I think if they were to bring the listing under $15 million, it would sell pretty quickly. I think it will probably go to a celebrity who wants privacy and is looking for a home with luxury finishes.”

But Haddad also suspects the property itself has some issues.

“It has a really small backyard and no grass whatsoever,” he observes. “There are stairs in the backyard that go right into the pool, so that poses a safety hazard for kids. Even though it is south facing, it is literally in the base of a canyon, so that makes the home darker than normal but also gives it a lot of privacy. You sacrifice a lot of natural light coming in.”

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