Kim Kardashian and Kanye West have decided to splurge on a new home for themselves and young baby North West.

According to TMZ, Kardashian, from the acclaimed TV show "Keeping Up with the Kardashians," and her husband, have purchased a $20 million estate in Hidden Hills. The house -- which was previously owned by Lisa Marie Presley -- boasts 3.5 acres of land, in which its new occupants will enjoy two pools as well as two vineyards.

The estate originally had a mere five bedrooms and bathrooms when Presley lived there but was expanded by its next owner to eight bedrooms and 10 bathrooms, according to the Los Angeles Times.

However, this is not the couple's first home purchase experience. Before going into escrow with this mammoth residence, Kim and Kanye bought a humble $11 million home in Bel-Air some 18 months ago, explains the Los Angeles Times. But, like any new homeowners, the couple became bogged down in multiple attempts to improve the house, ending up at Kris Jenner's home in Calabasas.

Although Kim has expressed her wishes to move out of home, telling People: "Oh, I am so ready!" Kardashian, 33, said about finally moving out. "I am so ready to be out of my mom's house, you have no idea. But it will be nice to still be close."

And, indeed close they will be. The Hidden Hills behemoth will be a scooter ride away from Jenner's home, reports TMZ. The couple had been scouting the residence in secret while riding Vespas.

"When we bought our Bel Air house, we didn't have a baby, we weren't even pregnant. After you have a baby, you realize that you need so many other things and a different kind of space. So being in the city is a different life. We wanted to be away and have more privacy," Kardashian said according to HollywoodLife.