Malibu masterpiece that Kanye West destroyed has returned to the market for $ 39 million – with some adjustments

The fundraising entrepreneur that grabbed Kanye West’s abandoned beach bunker has returned it to the market.

The former leadership of Malibu and West, designed by renowned Japanese architect Tadao Ando, ​​made titles after the controversial rapper left him brave and free.

Gem architectural was a genuine shell of her previous herself when Belwood Investments grabbed her last August for under $ 22 million – reaching a loss of more than $ 36 million per West. Now, the medium renovation, Belwood Bo Belmont CEO wants to sell, reported Wall Street Journal.

West, who had changed his legal name in “Ye”, bought the property in 2021 for $ 57.25 million from financier and art collector Richard Sachs, for whom the house was built in 2013. Kanye told one workshop that he planned to make his home “Bomb Shelter”, “

West’s tear work happened about the same time that his disorderly behavior and anti -Semitic explosions made increasingly frequent titles, and removed him from the lucrative gap and Adidas deals.

The house, built in 2013, includes 4,000 square meters, with four bedrooms and five bathrooms. The concrete structure, like the box, stands at 12 Caissons dipped 60 meters in the coast bed. Its former ocean footage turned to the ocean exposures after removing the window home, marble baths and electricity.

West ranked the empty house for $ 53 million in December 2023.

Restoring the rare house Ando is in full motion, the newspaper reported. Framework, lead, roof and electric work are all undertaken by Belmont, with the instruction of the architecture firm Marmol Radziner. However, the new windows are still on the road. Belmont told the diary that renovation costs are likely to increase up to $ 8.5 million.

But Windows or not, Belmont is looking for an exit. The magazine reported this week on CEO’s plans to reset the house for $ 39 million, such as.

Belmont told the newspaper that sale is now a way to get to know its investors – whose collected contributions range from $ 1,000 to $ 1 million – as soon as possible. Belmont said holding property currently costs him about $ 1 million a month.

The miracle house survived the massive fires that burn entire neighborhoods across Los Angeles in January. Belmont told the diary that fires could even increase the value of the house, second to destroy so much inventory along the Pacific Coast highway.

If no one bites it, Belmont plans to try again, the restaurant is closer to the end of 2026 – at a much higher price, of course, in the range of $ 55 to $ 65 million.

The winning residential models of the Pritzker Ando Award are rare and iconic, and they always range from millions, from a Lenox Hill to Beyonce and Jay-Z of establishing Malibu Residence. His work is planned to be parking garage, but others praise his modernist creations as sculptural artwork, including Belmont.

The Oppenheim group, which represented West in its sale in 2024, holds the new list.