Kimora Lee Simmons has found a new humble abode and it’s very pricey. The gorgeous mansion is definitely fit for a King and Queen (in Kimora’s case) and the price tag is a jaw dropper.

According to TMZ, Kimora and her hubby, Goldman Sachs banker Tim Leissner, paid $27.5 million for the lavish Mediterranean villa, which boasts 7 bedrooms, 11 bathrooms, a conservatory, a wine cellar and a full-scale gourmet kitchen. The home also features a theater, spacious living and dining rooms, a huge outdoor pool and plenty of greenery.

The mansion is tucked away in the wealthy gated community of Beverly Park in Los Angeles which fellow neighbors Eddie Murphy, Sylvester Stallone, Denzel Washington and Mark Wahlberg call home.

Not only is Kimora the ultimate business woman, she is also the ultimate mom. As VH1 points out, the 42-year-old designer is the mother of four beautiful children Ming Lee, 17, Aoki Lee, 14, Kenzo Lee, 8, and Wolfe Lee, 2. Kimora still has a great relationship with her former ex's rap mogul Russell Simmons and actor Djimon Honsou. They’re so cordial, that Russell was asked by Kimora and Leissner to be the godfather of baby Wolfe.

Judging by Kimora Lee Simmons' new home, she will be hosting plenty of bar-b-q parties this summer. Check out photos of her new mansion here.

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