Kanye West finally moves on from gutted Malibu mansion after trying to sell it for 200+ days
The Californian home that Kanye West trashed has found a buyer, after more than 200 days on the market and a jaw-dropping multimillion-dollar price cut.
The Californian home that Kanye West trashed has found a buyer, after 205 days on the market and a jaw-dropping multimillion-dollar price cut.
People magazine reported that the stripped-down structure was last listed in April for $39m (A$60m).
The property is sitting in a “contingent” sale status on Realtor.com, with the final price is not yet known.
RELATED: Kanye West forced to list rare oceanfront home due to financial woes
Aussie family loses more than $500,000 while buying home due to scammers hack
Inside Olympic golden girl Simone Biles’ perfect-10 worthy home moves
The Tadao Ando–designed concrete residence was gutted and left open to the elements by the rapper.
West, who goes by Ye, purchased the beachfront property in 2021 for $57.25m (A$88.2m).
He then proceeded to take the architectural masterpiece apart, according to reports.
A demolition project reportedly involved the removal of bathrooms, kitchen cabinets, plumbing, electricity, and windows.
Ye walked away from the unfinished project, opting to put the residence back on the market.
In January, the home was listed with The Oppenheim Group’s Jason Oppenheim — who is best known for starring in Netflix TV show with “Selling Sunset” — for $53m (A$81.7m).
“All interior finishes have been removed from the property, and work is needed to either restore or re-imagine the interiors,” the listing noted.
MORE: Siblings that bought a $670k home enjoy nearly $300k price rise in two years
King Charles III buys luxury Billionaires’ Row condo
Oppenheim did not respond to a Realtor.com request for comment, however in December, the agent told the Wall Street Journal that “it will take several million dollars for the house to be finished.”
In April, the price was reduced to $39m (A$60.1m).
Even in a sorry state, the structure was appealing to buyers for the highly respected works of the award-winning architect.
When Ye bought it, the beachfront abode was sleek and masterfully designed, with the listing photos only showing the home before Ye’s demolition project.
Built in 2013, the minimalist structure is one of a handful of private homes in the United States designed by the Pritzker Prize–winning Japanese architect.
Beyoncé and Jay-Z own an Ando-designed home, also in Malibu, for which they paid a reported $200m (A$300m) in 2023.)
Just steps from the Pacific Ocean, the 370 sqm home sits on a nearly 530 sqm lot that mbacks onto the beach.
According to the listing, the structure is made of approximately 1,200 tonnes of concrete, 200 tonnes of steel reinforcement, and 12 massive supporting pylons driven nearly 20m deep into the sand.
–
Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox.
MORE: Inside Buddy and Jesinta Franklin’s mansion that is now up for sale
Pundits call on Victorian government to tighten auction rules
American-Prairie-style home for sale for first time in 70 years
Parts of this article first appeared in Realtor.com and were republished with permission
Originally published as Kanye West finally moves on from gutted Malibu mansion after trying to sell it for 200+ days
John Kanga appointed as MRC’s new chairman
The vote to select Melbourne Racing Club’s new leader ends a bitter boardroom brawl and comes after a month of scandal involving claims of toxic atmosphere and poor culture.
Inside Melb Tudor-style house’s huge 30-year transformation
A inner-south house’s owners that bought the home in the 1990s have undertaken a massive renovation that involved removing the home’s entire back half. See what its worth now.
Selena Gomez’s secret $1.8bn empire
As her net worth surges past the $1bn mark, singing and acting is only a part of what makes up Selena Gomez’s massive fortune.