KANYE West has finally sold his Malibu mansion after it has been on the market for more than six months.
The rapper dropped the price by almost $15 million after it wasn’t selling.
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Kanye, 47, first listed his beachfront home for sale in December 2023.
It was gutted and abandoned and is now in escrow, according to The Hollywood Reporter.
The mansion was originally listed for $53 million but dropped to $39 million in April.
Kayne originally purchased the California mansion in 2021 for $53.7 million.
He then hired someone to remove everything from inside the house, and this would cost the new owner millions of dollars to replace everything.
“What’s missing are the interiors,” Jason Oppenheim, real estate broker, told the outlet.
“It’s priced to reflect the need for the interior finishes to be replaced. On the positive, it can be brought up to 2024 standards — it was built about 10 years ago.”
However, the main part of the inside is still intact.
“The architectural integrity of Tadao Ando’s work exists today. He’s largely known for his concrete work and the significant cost of this house is in the concrete work,” Jason said.
OTHER OBSTACLES
The mansion faced other obstacles before it was put up for sale.
Kanye was sued by contractor Tony Saxon, who gutted the home for the rapper.
Tony claimed that Kanye owed him more than $1 million for his work, among other allegations.
However, The Wall Street Journal reported that the rapper denied the claims.
In January, Ron Zambrano, a partner at the West Coast Employment Lawyers, filed a mechanics lien on the property.
Kanye West’s homes
Kanye West owns multiple homes across California and Wyoming, two of which have fallen into disrepair.
“We just want to make sure he has enough money to pay the more than $1 million he still owes our client before he goes completely broke,” Ron told THR.
“So in this case, if someone wants to buy Kanye’s Malibu home, they’ll have to deal with us first. That sale cannot happen without Tony being paid.”
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ABOUT THE HOUSE
Before being gutted, the Malibu home had four bedrooms that had views of the Pacific Ocean from every room.
It is about 4,000 square feet in size and has about $1,500 square feet on exterior decks.
The house is lined up closely against other properties with the beach in front of the properties.
Each property has a garage on the bottom.
Now, the mansion is just two stories of gray concrete.
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