UPDATE: Kanye West Returns Kim Kardashian's $14 Million USD Christmas Gift

UPDATE: As Page Six notes, Kanye West has backed out of the $14 million USD Miami condo he bought Kim Kardashian for Christmas. Revealed to Kim as a “complete surprise” during the holidays, sources report that the KKW Beauty mogul was unhappy about the costly purchase and has told Kanye to not follow through with the sale. This means that the couple will lose Kanye’s $600,000 USD deposit.

Though rumors immediately swirled about Kanye upending his decision based on the “leaks” about the sale, a rep for the rapper set the record straight. “Kim loved [the condo], but felt it was not private enough for them,” the source stated. “They are now looking for a vacation home that is more secluded and offers much more privacy for their family.”

ORIGINAL STORY: It has just been reported that Kanye West celebrated Christmas with Kim Kardashian by gifting her a new home. Located in Miami, the condo unit is part of the “Billionaire Beach Bunker,” a property development that is also home to some of the world’s most wealthy bankers, celebrities, and land developers.

Allegedly bought when Ye was in town for Art Basel, the 4,700-square-foot condo features 4 bedrooms, 5 1/2 baths, and large terrace space. Right on the beach, the unit was sold at a discount of $14 million USD, shy-$1.5 million USD from its original $15.5 million USD price tag.

In other news, watch Kerwin Frost’s recap of the 2018 Kardashian-Jenner-West Christmas party.

Kanye got a $14M Miami Beach condo for Kim as a Christmas present. It has 4,700 square feet with 4 bathrooms, 5 1/2 baths and an insanely large terrace. The building is tricked out with a gym, pool and spa. (and it’s on the beach). 🏖 https://t.co/ac3pVZirPb pic.twitter.com/qLwJPrhFPk

— KANYESTATION (@kanyestation) December 28, 2018