--- title: Kanye Wants to Return His $14 Million Christmas Present for Kim. It Might Not Be That Simple description: The condo, reportedly a Christmas present for Kim Kardashian West, wasn't private enough. authors: - name: Shaina Mishkin url: https://money.com/author/shaina-mishkin/ at_money_since: 2017 articles: 131 covers: - Lifestyle - Banking - Business - Career Advice - Credit - Economy and Politics - Housing - Investing - Mortgages - Personal Finance - Retirement - Shopping - Taxes - Technology former_staff: true published: '2019-02-07T19:10:56.000Z' modified: '2019-02-07T19:27:21.000Z' section: Lifestyle tags: - big mistakes - celebrities word_count: 235 canonical: https://money.com/kanye-west-condo-purchase/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Florida, USA. 5th Jan 2019. Kanye West and Kim Kardashian (KimYe) have bought into the 18-story luxury beachfront tower Faena House, seen here designed by Norman Foster and home to masters of the universe including Goldman Sachs chairman Lloyd Blankfein,](https://img.money.com/2019/02/190207-kanye-west-faena-house-no-sale.jpg) Sometimes Christmas gifts just don't work out. Unfortunately for Kanye West, it's hard to return a multimillion-dollar condo. A [condominium listed for $15.5 million](https://alexanderteam.elliman.com/florida/faena-house-3315-collins-avenue-5a-miami-beach-ipgqudc) at Miami's Faena House is back on the market after the musician backed out of the sale — a move in the interest of privacy that reportedly cost him his deposit of around $600,000, according to [Page Six](https://pagesix.com/2019/02/06/kanye-backs-out-of-14m-condo-he-bought-kim-for-christmas/). "It was not private enough for them," a West representative told the outlet. News of West's interest in the 4,700-square-foot spread, part of the so-called "Billionaire Beach Bunker" that serves as a [summer home to CEOs and banking executives](https://money.com/kanye-west-kim-kardashian-miami-condo/?utm_campaign=money_moneymagazine&utm_source=twitter.com&utm_medium=social&fbclid=IwAR3WPimgVVIUWdjT8rYB2EblAIWLef1U5jlz_w4qrT3rG9GRnA-7UJWxfns), broke shortly after Christmas. The musician [reportedly agreed to pay $14 million](https://www.tmz.com/2018/12/28/kanye-west-surprises-kim-kardashian-miami-beach-condo-christmas/) for the condo in the luxury building as a Christmas gift for his wife, Kim Kardashian West. Several days later, the pair were [photographed by paparazzi](https://people.com/tv/kim-kardashian-kisses-kanye-west-after-baby-surrogate-news/) at the property, which comes with four bedrooms, five-and-a-half bathrooms and an oceanfront balcony. “It was just not a good fit for the family," a source told [*PEOPLE*](https://people.com/home/kanye-west-pulls-out-deal-buy-kim-kardashian-miami-condo-loses-deposit/). "It’s not private and not enough rooms for other family guests." While $600,000 sounds like a lot of money to lose — and, indeed, that deposit alone could [buy about two average houses](https://www.zillow.com/home-values/) — it's not a significant chunk of West's [estimated $250 million net worth](https://www.celebritynetworth.com/richest-celebrities/richest-rappers/kanye-west-net-worth/). West and Kardashian's primary residence, located at [Lisa Marie Presley's former home](https://www.zillow.com/blog/report-kim-kanye-hidden-hills-157275/) in Hidden Hills, is [reportedly valued at $60 million](https://www.architecturaldigest.com/story/kanye-west-gifted-kim-kardashian-with-a-dollar14-million-miami-beach-condo). ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/kanye-west-condo-purchase/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Lifestyle", "item": "https://money.com/lifestyle/" }, { "@type": "ListItem", "position": 3, "name": "Celebrities", "item": "https://money.com/celebrities/" }, { "@type": "ListItem", "position": 4, "name": "Kanye Wants to Return His $14 Million Christmas Present for Kim. 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