Kanye West has successfully sold his Malibu beachfront property, which he extensively renovated but ultimately left unfinished. The sale, finalized after more than six months on the market, comes following a significant reduction in the property’s asking price.
Originally listed off-market in December 2023 for $53 million, the Malibu estate saw its price drop to $39 million in April 2024. The property, designed by renowned architect Tadao Ando, was acquired by West in late 2021 for $57.3 million. After purchasing the home, West removed all of the interior finishes, leaving it in need of substantial renovation.
Jason Oppenheim of the Oppenheim Group, who exclusively represented the property, confirmed that the estate is now in escrow. Oppenheim highlighted the property’s architectural integrity, noting that while the home was built around a decade ago, it remains true to Ando’s distinctive concrete design. “The architectural integrity of Tadao Ando’s work remains intact. The significant cost of the house is in the concrete work,” he explained.
The sale comes amid legal complications. Before the property was listed, West was sued by contractor Tony Saxon, who claimed he was owed over $1 million for his work on the renovations. West has denied the allegations. In January, a mechanics lien was filed on the property by Ron Zambrano of West Coast Employment Lawyers on behalf of Saxon. Zambrano stated, “We want to ensure that Tony is paid the over $1 million owed before any sale proceeds. The sale of Kanye’s Malibu home cannot go through without resolving this issue.”
The four-bedroom home features expansive views of the Pacific Ocean from every room, with approximately 4,000 square feet of living space and 1,500 square feet of exterior decks.