Kanye West Lists Unfinished Malibu House Designed by Tadao Ando for $53 Million

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ICARO Media Group
News
20/12/2023 20h21

Rapper and fashion designer Kanye West has recently put up for sale a stunning Tadao Ando-designed property in the scenic city of Malibu, California. The asking price for the unfinished beachfront mansion is $53 million, after West acquired it just two years ago for a whopping $57.25 million.

The musician, who now goes by the name Ye, embarked on a massive renovation project upon purchasing the sprawling residence in 2021. However, the renovations were left incomplete, and the property requires substantial additional investment to be fully finished. According to Jason Oppenheim, the listing agent representing the Oppenheim Group, the approximately 4,000-square-foot house lacks essential features like windows, doors, plumbing, electrical, HVAC, and interior finishes.

Originally constructed in 2013 by Wall Street heavyweight Richard Sachs, the house boasts the iconic smooth concrete design signature to Tadao Ando. The impressive structure consists of approximately 1,200 tons of concrete, 200 tons of steel, and 12 pylons driven over 60 feet into the sandy foundation. With three stories, four bedrooms, and expansive window openings that provide breathtaking views of the ocean, the property also offers around 1,500 square feet of deck space.

Despite its current state, Oppenheim assures potential buyers that the house retains its architectural integrity and value. He notes that while the original finishes were removed and would now be considered somewhat dated, the property presents itself as a blank canvas for customization. However, the reason behind West's decision to sell remains undisclosed.

In September, the rapper faced a lawsuit from a contractor who had worked on the Malibu mansion and also resided in it. Allegations included claims of being forced to work arduous hours and sleep on the floor near exposed insulation. The contractor also asserted that he was terminated when he refused to replace the home's electrical system with fire hazard generators. West vehemently denied these accusations.

Despite a recent dip, the real estate market in Malibu remains relatively strong. According to Redfin, the median home sale price in November was $3.5 million, a decline of 21.3% compared to the same month in 2022. Jason Oppenheim, however, remarks that Malibu has fared better than the city of Los Angeles, which has been affected by the mansion tax, resulting in decreased sales.

It is worth mentioning that earlier this year, power couple Beyoncé and Jay-Z purchased an oceanfront Ando-designed mansion in Malibu for an astounding $200 million, highlighting the allure and desirability of Tadao Ando's architectural style in the area.

As Kanye West's new album "Vultures" prepares for release later this month, the sale of his Malibu property raises questions about his investment choices and future endeavors in the real estate market. Interested buyers will have the opportunity to acquire a prestigious unfinished project and make it their own in the breathtaking seaside enclave of Malibu.

The views expressed in this article do not reflect the opinion of ICARO, or any of its affiliates.

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