The artist formerly known as Kanye West’s former Malibu mansion is on the hunt for a new owner. The oceanfront property is on sale for $39 million, the Wall Street Journal reports.
West, who now goes by Ye, sold the concrete compound to Belwood Investments founder Steven “Bo” Belmont for $21 million in September 2024. Belmont has taken on the task of restoring the minimalist manse back to its original state after the controversial musician’s abandoned effort at transforming the residence into a “1910s-inspired bomb shelter.” The now-disgraced musician and fashion mogul snagged the Ando dwelling in 2021 for $57.3 million. According to a lawsuit from September 2024, a former project manager who worked with the rapper on overhauling the space claimed that West gutted and abandoned renovations on the supposed bunker, leaving it stripped of any windows, bathrooms, or electricity, and exposing it to debris and spray coming from the Pacific Ocean. West listed the property in December 2023 for $53 million.
Pritzker Prize-winning Japanese starchitect Tadao Ando built the behemoth beachfront abode in 2013. The three-story home was rendered in Ando’s trademark concrete, requiring 1,200 tons of the material as well as 200 tons of steel and 12 pylons, anchored at 60 feet deep. The four-bedroom home offers 500 square feet of deck space and stairs that lead straight towards the beach.
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Renovations to address the changes made by Ye are reportedly underway, with a projected completion date in early 2026. Since purchasing the 4,000-square-foot house, Belmont has reportedly added framing, plumbing, electrical systems, and a roof. The total cost of renovations, led by architecture firm Marmol Radziner, is said to be around $8.5 million. Belmont told the WSJ that if the home doesn’t secure an appealing offer, the asking price will skyrocket between $55 million and $65 million to accommodate construction costs and pay back investors.
