According to a recent TMZ report, newlyweds Kanye West and Kim Kardashian might have just purchased a $20 million home in Hidden Hills, Calif. The luxurious estate is reportedly stationed very close to Kris Jenner's home in Calabasas, where the couple currently resides.

In early July, we reported the two were thinking about dabbling in the real estate business after realizing they could make more money off of their $11 million home by flipping it. The West clan set their eyes on "the jewel of Hidden Hills," according to residents in the area. The three-and-a-half acre estate features two pools, two vineyards and a 1,050 square foot entertainment area.

TMZ sources say the Wests are currently in escrow for the estate, once owned by Lisa Marie Presley, but should reach an official agreement by the end of the month. Looks like baby North's first steps aren't the only thing they'll be celebrating.

[TMZ]