Kanye Backs Out of $14M Condo He Bought Kim for Christmas

Kanye West has pulled out of the $14 million purchase of an apartment he bought for wife Kim Kardashian for Christmas. And now the place is back on the market.

Page Six exclusively reported in December that West “saw the property during Art Basel . . . and bought it as a Christmas present for Kim. It was a complete surprise for her,” according to a source.

The luxe pad was in Miami’s gleaming so-called “billionaire beach bunker,” aka the 18-story Faena House, designed by Norman Foster.

But now it seems West’s flipping the script.

Sources told us that Kardashian wasn’t so happy about the expensive surprise and has told Kanye to pull out of the purchase, which means he’ll merely lose his deposit, apparently about $600,000.

But we hear that West has blamed reversing his decision on “leaks” surrounding the sale.

Insiders insisted to us that West can’t logically blame “leaks” — since he did, after all, turn up to buy the place with paparazzi following him and an entourage and film crew in tow, which even shot footage of the rapper on the property’s oceanfront balcony as he sealed the real-estate deal.

But a rep for West commented: “None of those reasons mentioned [for pulling out of the purchase] are true. When Kim and Kanye went to Miami to view the condo together after Christmas, Kim loved it, but felt it was not private enough for them. They are now looking for a vacation home that is more secluded and offers much more privacy for their family.”

Residents reportedly include Lloyd Blankfein, Len Blavatnik and José Fanjul Jr.

Meanwhile, West is not expected at New York Fashion Week, which kicked off Wednesday — as a designer or a performer, at least.

He’s apparently taking a break from showing off his Yeezy line, and while there have been rumors he’ll play a Philipp Plein show at the Pool restaurant, Kardashian shot them down.

She posted to fans: “He’s not performing at any fashion show this season. Just a rumor.”

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