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Paris Hilton and TomKat's Pricey Properties
Wednesday August 22, 2007

Paris Hilton
Paris Hilton at the premiere of "Rush Hour 3" in Hollywood, California on July 30, 2007; Tom Cruise and Katie Holmes estate in Beverly Hills, California; Tom Cruise and Katie Holmes at Beckhams Wellcome to America Partu in Los Angeles, California on July 22, 2007.
Mark Sullivan/WireImage.com; Mike Carrillo/Celebrityhomephotos.com; INFphoto.com.

Paris Hilton has found a new neighborhood to terrorize!

The heiress just bought a 5-bedroom, Mediterranean-style Beverly Hills mansion for $6.25 million, Us Weekly is exclusively reporting in the latest issue.

The 7,5000 square foot home located in the gated community of Mulholland Estates features a gym, gourmet kitchen with top of the line appliances, a butler's pantry and a wine closet.

And Hilton's not the only A-lister upgrading her pad.

The 7,000-square-foot Beverly Hills crib Tom Cruise and Katie Holmes have been renting is back on the market - for $100,000 a month!

Why?

The couple (in Berlin while Cruise films Valkyrie) will relocate to a new 90210-area home come October.

Cruise and Holmes' home has massive staff quarters, says a source.

But renters beware: "The grounds are beautiful, but the house is run down and old, and the furniture is not fashionable at all," a source who has seen the abode (built in 1927) tells Us.

"Plus, the layout is unusual. Suri's bedroom is connected to Katie's closet. It's quite surprising that Tom and Katie lived there."

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