Kanye West Purchases Massive Wyoming Ranch for a Reported $14M and Is Touring Schools: Source

Kanye West Purchases Massive Wyoming Ranch for a Reported $14M and Is Touring Schools: Source

Kanye West is taking his talents to the Cowboy State!

A source has confirmed to PEOPLE that the Yeezy designer, 42, has purchased a ranch in Cody, Wyoming — a city in the northwest of the state, just 52 miles from Yellowstone National Park.

“Kanye West has been in Cody, Wyoming for a few weeks now,” the source told PEOPLE, noting that he seems to be making arrangements for his family — including wife Kim Kardashian West, 38, and children Psalm, almost 4 months, Chicago, 19 months, Saint, 3½, and North, 6 — to make the move as well. “He bought a ranch and is touring local elementary schools,” the source said.

According to the insider, the ranch was previously known as “Monster Lake Ranch.”

It’s a massive property with panoramic views of the surrounding Rocky Mountains and comes in at just over 4,500 acres. TMZ previously reported that the huge chunk of land cost the rapper $14 million.

Rindoff/Dufour/Getty
Rindoff/Dufour/Getty
Kim Kardashian/Instagram
Kim Kardashian/Instagram

RELATED: Inside the Kardashian-Jenner Family’s Million-Dollar Real Estate Empire

This news comes just days after Kardashian-West’s September cover story for Vogue Arabia, in which she said she could see the family living in Wyoming in the next 10 years.

“In my mind I’m already living in those 10 years,” the Keeping Up with the Kardashians star told her husband, who interviewed her for the story. “I see us living on a ranch in Wyoming, occasionally going to Palm Springs and our home in Los Angeles — and becoming a lawyer.”

Kardashian-West elaborated on her future career as a lawyer in the story, which she kickstarted last summer with a four-year apprenticeship with a law firm in San Francisco: “I would probably do it from [Wyoming] and fly into DC, NY, and LA,” she said, mentioning dreams of accomplishing prison reform in Wyoming. Currently, her goal is to take the bar in 2022.

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Last year I registered with the California State Bar to study law. For the next 4 years, a minimum of 18 hours a week is required, I will take written and multiple choice tests monthly. As my first year is almost coming to an end I am preparing for the baby bar, a mini version of the bar, which is required when studying law this way. I’ve seen some comments from people who are saying it’s my privilege or my money that got me here, but that’s not the case. One person actually said I should “stay in my lane.” I want people to understand that there is nothing that should limit your pursuit of your dreams, and the accomplishment of new goals. You can create your own lanes, just as I am. The state bar doesn’t care who you are. This option is available to anyone who’s state allows it. It’s true I did not finish college. You need 60 college credits (I had 75) to take part in “reading the law”, which is an in office law school being apprenticed by lawyers. For anyone assuming this is the easy way out, it’s not. My weekends are spent away from my kids while I read and study. I work all day, put my kids to bed and spend my nights studying. There are times I feel overwhelmed and when I feel like I can’t do it but I get the pep talks I need from the people around me supporting me. I changed my number last year and disconnected from everyone because I have made this strict commitment to follow a dream of mine - It’s never too late to follow your dreams. I want to thank Van Jones for believing in me and introducing me to Jessica Jackson. Jessica along with Erin Haney have taken on the role of my mentors and I am forever grateful to them both putting in so much time with me, believing in me and supporting me through this journey. This week I have a big torts essay due on negligence. Wish me luck ✨⚖️

A post shared by Kim Kardashian West (@kimkardashian) on Apr 15, 2019 at 8:40am PDT

The Kardashian-Wests escaped to the resort town of Jackson Hole, Wyoming in 2018, while Kanye finished up recording an album, with a source telling PEOPLE they were “happy” there.

“Kanye will be in Jackson Hole for several more weeks,” the insider said. “Kim will travel back and forth to see him. She’s happy he’s focused on his music instead of going on social media rants.”

“Kanye seems great,” the source added. “He loves Jackson Hole. He thinks it’s the perfect place to create his music.”

Their extended family including, Kim’s mom, Kris Jenner, and sisters, Khloe Kardashian and Kendall Jenner also recently spent some “family bonding” time in the state.

WATCH THIS: Kim Kardashian Jokes ‘It Was Going So Good’ on Post Featuring Her Kids North, Saint and Psalm

Kim and Kanye currently reside in Hidden Hills, California, in a mansion they picked up for a reported $20 million in 2014. Kardashian-West told PEOPLE at the time that she and her husband had “just found a new, amazing place” nearer to her mom, Kris Jenner.

They moved into the Hidden Hills house in December 2017, despite ongoing renovations, in order to get settled before Chicago’s arrival, a source confirmed to PEOPLE.

Kim Kardashian/Instagram. Inset: Roy Rochlin/Getty
Kim Kardashian/Instagram. Inset: Roy Rochlin/Getty

When they purchased the estate, it boasted 3.5 acres, two swimming pools, two spas and its own vineyard. They made significant changes to this property as well, and Jenner tweeted in April 2018 that the house is now worth $60 million.

RELATED: Inside Kardashian-West HQ: All the Photos Kim and Kanye Have Shared of Their $60 Million Mansion

In November 2017, the couple sold their previous house in Bel Air for $17.8 million —more than one-and-a-half times the $11 million they paid for it in 2013 — to tech investor Marina Acton.