Two years ago, Kanye West bought a beachfront house in Malibu for $57.25 million, then tore out the windows, doors and wiring. Now he has listed the gutted home for $53 million.
The rapper and designer is selling the 4,000-square-foot concrete house designed by Japanese architect Tadao Ando at 24844 Malibu Road, the Wall Street Journal reported.
He bought the beachfront property in 2021, then launched a renovation he didn’t complete. The house needs windows and doors, along with plumbing, electrical, HVAC and interior finishes.
“It will take several million dollars for the house to be finished,” listing agent Jason Oppenheim, of the Oppenheim Group. told the Journal.
The three-story house was built in 2013 by Wall Street financier Richard Sachs, who spent seven years on planning, permitting and construction. It has walls of glass facing the ocean.
The four-bedroom, five-bathroom house, built of Ando’s trademark smooth concrete, took 1,200 tons of concrete, 200 tons of steel and 12 pylons driven more than 60 feet into the sand, according to the listing.
Sachs listed the property in 2020 for $75 million, before West, now known as Ye, scooped it up for nearly $18 million less.
Oppenheim said the house is a blank canvas, with West having removed much of the original finishes. Bonus: it has a 1,500-square-foot deck. He declined to say why West is looking to sell.
“Much of the architectural integrity and the architectural value of the house exists,” Oppenheim told the Journal.
In September, a contractor who worked on the Malibu mansion and was a live-in caretaker filed a lawsuit against West, alleging he was forced to work 16 hours a day and sleep on the floor near open insulation.
The unidentified contractor claimed he was fired when he refused to rip out the home’s electrical system and replace the wiring with large generators, which he felt would be a fire hazard.
West has denied the allegations.
Malibu’s median home sale price was $3.5 million in November, down 21.3 percent from November of last year, according to Redfin.
In May, Beyoncé and Jay-Z broke a state record for the priciest home after paying $200 million for a 40,000-square-foot beachfront mansion in Malibu designed by Ando.
— Dana Bartholomew
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