Kim Kardashian has spent $101 million to live like a supermodel in Malibu

Kim Kardashian has splurged more than $100 million on a cliff-top compound which, as evidence of her booming wealth, is the fourth-highest property deal in California this year.

The reality TV star-turned-fashion billionaire – and soon-to-be lawyer – has signed on the dotted line for the Malibu estate, formerly owned by iconic 90’s supermodel Cindy Crawford, according to Dirt.

At $US70 million ($101 million), it is also the priciest property transaction of the year in Malibu.

The sum is all the more extraordinary when the history of the property unfolds – the land was split in two by Crawford and her husband, tequila brand founder and hospitality entrepreneur Rande Gerber, shortly after their acquisition in 2015.

Crawford and Gerber paid $50 million for the address and sub-divided the land, which has since rocketed in price. They retained the smaller piece and sold off the larger block – with a 1940’s Mediterranean-style house – to local hedge fund manager Adam Weiss.

The mansion was built in 1944, had makeover in the 1990s and was refreshed again in 2016.

Weiss sold his property last week to Kardashian, 41, who until this point has mostly resided in her home in Hidden Hills, Los Angeles. She was spotted in Malibu a couple of weeks ago lunching at a family favourite haunt, Nobu.

Banks of glass and open terraces throughout her new Malibu estate exploit the sensational blufftop location.

A deep, waterfront patio sweeps off the dining room, with space for lounge chairs and a fire pit.

The home has a gym with blonde-wood flooring, looking out to greenery.

Multiple outdoor zones are spread across different levels of land. Outdoor stairs lead to swimming pool and cabana, and a spa and its own terrace is positioned to look out to the waves while soaking.

Included is a tennis court and for beach walks, the home has private steps down to the sand.