When the pregnancy rumors become too tedious or selecting those 10 wedding dresses for her upcoming nuptials becomes too stressful, Paris Hilton can now escape from her longtime Beverly Hills stronghold to the more laidback beach community of Malibu. Records reveal America’s favorite hotel heiress-turned-socialite-turned-business mogul and her fiancée Carter Reum — a venture capitalist and son of the late tycoon Robert Reum — have plunked down $8.4 million for an oceanfront house on desirable La Costa Beach.
Hilton, ever the crafty entrepreneur, has already filmed a promo video for her new Netflix show “Cooking With Paris” in the Malibu home’s kitchen. But when the cameras are off and she doesn’t feel like whipping up a plate of her famous lasagna, she can rest assured the house lies only a five minute drive to longtime celebrity hotspot Nobu Malibu.
Tax records say the roughly 3,000-square-foot house was built in 1955, but the place clearly underwent a big cosmetic overhaul sometime in the ’90s. While contemporary, the interiors also feel vintage in a way that’s only now just beginning to come back en vogue, with salmon-colored travertine and rounded-edge granite kitchen countertops galore. Naturally, there are also massive walls of glass and plenty of beachside deck space to absorb those spectacular ocean views.
While the $8.4 million price tag may seem like a lot of money — and it is — the seller’s side actually took a loss on the property. Records show the place last transferred way back in 2007 for the exact same $8.4 million amount to Tom Pollock, the now-deceased former chairman of Universal Pictures. With 14 years of carrying costs and hefty realtor commissions, the on-paper loss certainly ran into the hundreds of thousands.