<p id=”par-1_73″><a href=”https://www.cheatsheet.com/tag/kanye-west/?swcfpc=1″>Kanye “Ye” West’s</a> former Malibu mansion, a <a href=”https://www.cheatsheet.com/news/kanye-west-bianca-censori-borrowed-15-5-million-risky-loans-buy-beverly-hills-rental-home.html/”>striking oceanfront property</a>, became as famous for what he did to it as for its original minimalist design. After purchasing the home in 2021, West left it as a concrete shell. It attracted widespread attention and left prospective buyers a rare architectural project in need of restoration. Now, the mansion’s back on the market with a fresh price cut. Here’s how much it’s going for now.</p>
<h2 class=”wp-block-heading” id=”h-kanye-ye-west-s-former-malibu-home-is-back-up-for-sale-with-an-extensive-price-cut”>Kanye ‘Ye’ West’s former Malibu home is back up for sale with an extensive price cut</h2>
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<p id=”par-2_95″>Kanye “Ye” West’s former Malibu mansion was designed by renowned Japanese architect Tadao Ando. And it has become a symbol of both architectural ambition and financial misadventure. Purchased by West in 2021 for $57.3 million, the 4,000-square-foot oceanfront home was originally celebrated for its minimalist concrete design and expansive ocean views. However, West embarked on an extensive renovation that gutted the interior. He removed plumbing, electrical systems, and windows, leaving behind a concrete shell. Reports suggest that West envisioned transforming the space into a personal “bomb shelter” or “bat cave,” reflecting his unique aesthetic preferences.</p>
<p id=”par-3_67″>In 2024, the property was sold to developer Steven “Bo” Belmont for $21 million, a significant markdown from its original purchase price. Belmont’s firm, Belwood Investments, initiated a restoration project, investing in structural and electrical work. Despite these efforts, a planned sale to <a href=”https://www.cheatsheet.com/news/kanye-ye-wests-gutted-malibu-beach-house-sells-30-million.html/”>developer Andrew Mazzella for $30 million</a> fell through in 2025 due to disputes over renovation costs and concerns about the property’s complex ownership structure.</p>
<p id=”par-4_33″>As of August 2025, <a href=”https://www.cheatsheet.com/news/kanye-wests-abandoned-malibu-mansion-is-for-sale-while-being-renovated.html/”>the mansion is back on the market</a> for $34.9 million, according to <a href=”https://www.mansionglobal.com/articles/revival-of-kanye-wests-abandoned-malibu-beach-mansion-hits-a-snag-c66bce37″ target=”_blank” rel=”noreferrer noopener”>Mansion Global</a>. This price was reduced from the initial asking price of $39 million in March 2025.</p>
<p id=”par-5_52″>The property continues to attract attention due to its architectural significance and the dramatic transformation it underwent under West’s ownership. According to <a href=”https://www.realtor.com/news/celebrity-real-estate/kanye-west-malibu-home-sale-update/” target=”_blank” rel=”noreferrer noopener”>Realtor.com</a>, the photos used in the current listing are the same photos used before West bought the home. It’s unclear if any new renovations have been made since Mazzella’s offer.</p>
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