Kanye West and Kim Kardashian have a history of giving each other rather extravagant gifts, ranging from luxury cars and designers accessories, to stocks and even a stake in YEEZY. This past December, Kanye gifted Kim with her most expensive present to date, a $14 million condo in Miami.
According to Page Six, however, West has since backed out of the property purpose, reportedly losing a $600,000 deposit.
The publication cites sources stating that Kim was unhappy about the expensive purchase, ultimately urging Kanye not to buy the condo. Other sources told Page Six that ‘Ye decided against the place because the purchase and location were leaked, albeit he showed up to the property with paparazzi.
Finally, Page Six received a quote from a West representative who said, “None of those reasons mentioned [for pulling out of the purchase] are true. When Kim and Kanye went to Miami to view the condo together after Christmas, Kim loved it, but felt it was not private enough for them. They are now looking for a vacation home that is more secluded and offers much more privacy for their family.”
The $14 million condo is located in the 18-story Faena House, designed by Norman Foster.
For more on Kanye West backing out of his Miami property purchase, visit Page Six.
- Source: Page Six