Iggy Azalea cashes in $1 million after flipping her sprawling Los Angeles mansion just a year after buying it for $8 million
Iggy Azalea has scored an impressive win after flipping her fancy home in the Hidden Hills area of Los Angeles.
After investing $7.15 million for a five-bedroom house just last year, the rapper has now sold it for a staggering $8 million, pocketing a whopping $750,000 for the star.
Spread across 4,289 square feet of prime real estate in the glitzy enclave of Hidden Hills, the 31-year-old owned the home for just under 365 days and purchased the property in June of last year.
Cha-ching! Iggy Azalea has raked in a whopping $750,000 in profit after flipping her $8 million California dig site – after buying it for just $7.15 million last year
Quick transaction: Iggy, real name Amethyst Kelly, bought the home in June last year for $7.15 million
Built in 1963, the home sits on 2.7 acres in a gated community.
While Azalea hasn’t explained why she decided to list the property so soon after purchasing it, she previously spoke of being involved in a dispute with her neighbor over renovations.
The Mo Bounce artist tweeted on June 3 last year: “Day 1 living in my new house and my bored housewives a **neighbor was already trying to snitch on me for building my own frigging house .”
Spacious: The Australian rapper listed home spans 5,228 square feet with four bedrooms and three and a half bathrooms with a lavish lagoon area
Come in: The entrance to the house includes wooden doors with a stone terrace
Gorgeous Greenery: Built in 1963, the home sits on 2.7 acres in a gated community
“She doesn’t know much, f***ing with her is now my new hobby and life purpose,” she explained.
Listed by Shari Huntington and Tyler Van Patten of Coldwell Banker Realty, the condo includes a full kitchen, double-height living room and spacious loft.
According to Dirt.com, Azalea hoped to make even more money from the sale and initially listed the home for $8.5 million.
Awkward: Azalea made headlines after she got into an early conflict with a neighbor over renovations she was undertaking
Tense: Iggy claimed her new hobby is ‘fucking’ with her neighbor
Striking: One room in the house has a fireplace with a television and a table with plush chairs
The house has five bedrooms, five bathrooms and a total living space of 485 square meters.
It also includes a large living room with vaulted ceilings and a grand fireplace, a master suite, and a spacious pool and spa combo.
The musician’s home is wired to a Sonos speaker system inside and outside the home.
According to the listing, Azalea has also obtained permits for prospective buyers “to extend and remodel the front elevation of the home and interior entrance, which includes construction of a front porch, complete remodeling of the driveway and truck yard.”
The luxurious enclave of Hidden Hills is home to several celebrities including Kim Kardashian, Kanye West, Drake and Madonna among others.
Exercise Area: An upstairs area of the house features an exercise bike and a wood paneled floor
Space to Play: The luxurious property includes a tree-lined basketball court