I’ve worked on defining a McMansion before but after seeing a recent story about a new house listing few times, I stumbled into a new definitional issue: is there a price point where a home can no longer be considered a McMansion?
Location: Los Angeles, Calif.
The Skinny: Just weeks after closing on a 9,000-square-foot McMansion in Bel Air and reported plans for a gut renovation, hip-hop star Kanye West and reality TV regular Kim Kardashian have decided to cohabitate elsewhere. According to recent reports, the duo have flipped the property for around a million more than they paid. Redfin lists the previous sale price at $9M, so it seems Kim and Kanye have unloaded the place for somewhere around $10M. The mansion, completed in 2010 on less than an acre in the Holmby Hills neighborhood, features five bedrooms and seven bathrooms, but that wasn’t enough for the celeb couple, who were planning to gut the place and expand to 14,000 square feet.
Several features of this home would seem to put it in McMansion territory: it is 9,000 square feet (though this is getting close to regular “mansion” status), it is on a fairly small lot for a house its size, and it may be located in a neighborhood with a number of similar homes.
Yet, the price for this home may be way beyond the typical McMansion at $10 million. This is not just a mass produced home for the American masses; it is a home that from the beginning was only available to the wealthiest in global society. In this case, two of the biggest entertainment stars were able to flip the house. Because of this, I argue this home isn’t really a McMansion at all even though it might exhibit some McMansion traits. It should fall more in the mansion category because its price makes it quite inaccessible.