By TMZ | Created at 2024-09-26 19:28:42 | Updated at 2024-09-30 07:28:17
3 days ago
Kanye West Bids Adieu To Malibu ... Sells Gutted Home For $21M
Kanye West can pop Champagne ... because he officially sold his gutted mansion disaster project in Malibu.
Real estate sources tell TMZ ... Ye just closed on the sale of his controversial oceanfront estate for $21 million.
Kanye infamously stripped the property down to its bare bones after initially scooping up the Tadao Ando-designed home in 2021 for $57.3 million.
Yeezy reportedly wanted to transform the home into a bomb shelter, then seemingly got sick of the project and bailed ... listing the property for $53 million.
TMZ.com
Kanye couldn't sell the place, though, so Ye and his realtor, "Selling Sunset" star Jason Oppenheim, chopped $14 million off the OG asking price.
After another price drop, Kanye finally sold the place to Belwood Investments, a "real estate crowdfunding firm" based in California.
Belwood's CEO, Bo Belmont, is already sharing his new vision for the mansion ... he says the company is going to pour in another $5 million in renovations to try and restore Tadao's vision.
Jean-Baptiste Rugiero and Mehdi Maamri from The Agency repped Belwood Investment in the deal, which is now officially official.
