Kanye West has knocked $14 million off the price of a beachfront house in Malibu he has stripped of any windows, doors and wiring.
The rapper and designer has relisted his gutted, 4,000-square-foot concrete house designed by Japanese architect Tadao Ando at 24844 Malibu Road for $39 million, according to the Robb Report.
He bought the brutalist beachfront property in 2021 for $57.25 million in cash, then launched a renovation he didn’t complete. The house needs windows and doors, along with plumbing, electrical, HVAC and interior finishes.
In December, he listed the fixer-upper for $53 million.
“It will take several million dollars for the house to be finished,” listing agent Jason Oppenheim, of the Oppenheim Group, had told the Wall Street 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 one-time four-bedroom, five-bathroom house, built of Ando’s trademark smooth concrete, required 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.
The house is now a concrete shell, after West removed most of the original finishes. Bonus: it has a 1,500-square-foot deck.
Other homes along this same beach typically top out around $20 million for a brand-new or newly revamped home, according to Robb.
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.
In May, Beyoncé and Jay-Z broke a state record for the priciest home in California history after paying $200 million for a 40,000-square-foot beachfront mansion in Malibu designed by Ando.
— Dana Bartholomew
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