Thursday, November 2, 2017

Kyle Richards Buys Lavish ‘Smokey Robinson Estate’ For $8.3 Million!

Real Housewives of Beverly Hills star Kyle Richards and her real estate mogul husband Mauricio Umansky have purchased one of the most expensive homes to come on the market in the unlikely locale of Encino. They’re moving to one of the most esteemed neighborhoods in the San Fernando Valley and paid $8,253,000, reports Page Six.

Known as “The Smokey Robinson Estate,” this place was home to the legendary recording artist from 1988 to 2002. According to the publication, Robinson sold it to entertainment entrepreneur Mike Greenfield in 2012 for $2,300,000. Greenfield renovated the home and sold it last year for $3,250,000.

So how did the recent sale price increased to $8 million? Well, the seller was prominent developer Gidi Cohen, who went over every square inch of the 1.54-acre property. Cohen added a white and gray color scheme, a balcony off the master suite, a new pool and spa, plus a 1,600-square-foot guesthouse, reports Variety.

Photo Credit: Realtor.com

The revamped estate measures 10,600 square feet and has seven bedrooms and eight baths. It is surrounded by mature foliage, and sits behind stately gates at the end of a long driveway, according to Page Six.

Other luxury features include marble fireplaces and black-and-white checkerboard flooring, a spacious kitchen with center island and high-end appliances, a home theater, en suite bedrooms and a master suite with giant closet. Outside, there’s a gazebo and a wee putting green.

It's been reported that Richards’ new home is the highest-priced sale Encino has seen this year.

Photo Credit: Bravo

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