When Penelope Disick stepped out with her mom Kourtney Kardashian and little brother Reign on Thursday, we immediately thought how adorable the three-year-old looked carrying around a mini purse — until we discovered it was an $8,000 Birkin bag!

That's right, the toddler is playing dress-up with a hot pink Hermes accessory that costs more than what most people spend on a few months' rent.

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We shouldn't be all that surprised that little P is toting such a hot commodity. After all, her mother and aunts own multiple Birkins and grandma Kris Jenner snatched up two of the baby version when she discovered them last August.

We can only assume that the other one was gifted to North West, so it will only be a matter of time before the cousins are photographed with their matching prezzies.

While we wait for those pics, scroll down to see some of Penelope and North's cutest moments to date!