Kanye West is ready to vacate from his gutted Malibu mansion as it now belongs to a new owner, who got a pretty solid deal for the rare property. According to a press release by Belwood Investments, a real estate crowdfunding firm based in California, the controversial building was up for around $21 million.....CONTINUE READING THE ARTICLE FROM THE SOURCE
He previously nabbed Tadao Ando-designed home for $57.3 million in 2021 but later stripped the manse down to its bare bones, reportedly to transform it into a bomb shelter.
However, Kanye West got sick of the project and listed the home for the Whooping price tag of $53 million.
Unfortunately for him, no one was able to take on the stripped- down abode at the hefty price point, which prompt the rapper and his realtor, “Selling Sunset” Star, Jason Oppenheim, to cut $14 million from the Original asking price.
He was able to get a buyer but needed to slash the price again, making it quite a deal for Belwood. Belwood Investments tells TMZ, the deal is closing on September 3
The Company’s CEO, Bo Belmont, already has big plans for the mansion, announcing an additional $5 million investment into the property in an attempt to restore it to the legendary Japanese architect’s vision.
According to Belmont:
“This is not just a phenomenal real estate investment, it is an opportunity to revitalize and preserve and architectural gem by the renowned Tadao Ando, ensuring it remains a jewel of Malibu.”
