Kanye West Drops $57 3 Million On Tadao Ando-Designed Malibu Home

Table Of Content

• Former Google CEO Eric Schmidt Is Selling His Silicon Valley Estate for $24.5 Million
• The property is around 4,000 square feet of interior space and approximately 1,500 square feet of outdoor decks.
• Kanye “Ye” West Gutted This Tadao Ando House. Now He Wants $53M for It
• Jon Bon Jovi Gets Candid About Cheating on Wife Dorothea Hurley: 'I Got Away With Murder'
• Tesla slashes its summer internship program to cut costs, as Elon Musk fights to save his $45 billion pay plan
• Kanye West Is Desperately Looking for a Buyer for His Uninhabitable Malibu Mansion
• Kanye West Slashes $14 Million Off the Price of His Gutted Tadao Ando-Designed Home

Ye employed the help of Selling Sunset star and real estate agent, Jason Oppenheim to sell the home. According to Forbes, shortly after Ye, formerly known as Kanye West, purchased the home, he began taking it apart. West had intended to redesign and update the 4,000-square-foot structure, but that was shortly before Adidas parted ways with the 46-year-old rapper due to his numerous antisemitic remarks, allegedly leaving his finances in disarray. Railings and metal trim pieces around the house have visibly rusted, likely beyond salvageability.

Kanye West's Gutted Malibu Mansion Asking Price Drops by $14 Million - TMZ

Kanye West's Gutted Malibu Mansion Asking Price Drops by $14 Million.

Posted: Thu, 11 Apr 2024 07:00:00 GMT [source]

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But it doesn’t look anything like that today—aerial imagery shows most all of the walls and doors are now gone, and the interior finishes have likely made their way to a landfill. Oppenheim told the Wall Street Journal that a buyer will need to spend “several million dollars” just to make the house livable. Sold by retired Wall Street financier Richard Sachs, best known as the ex-boyfriend of Ashley Olson, the Malibu property last transferred for just $1.9 million in 2003.

The property is around 4,000 square feet of interior space and approximately 1,500 square feet of outdoor decks.

His new Malibu beach house was initially listed for $75 million and purchased in an off-market deal, so real estate images of the interiors aren’t publicly available. Sachs bought the land in 2003 and commissioned Ando to design the home, which was built in collaboration with local architecture firm Marmol Radziner. Made with 1,200 tons of concrete, 200 tons of steel reinforcement, and 12 pylons drilled more than 60 feet into the sand, the residence is a prime example of Ando’s iconic style. The home was completed in 2013 after a decade of work, and Sachs says he’s only letting it go because he spends too much time on the East Coast. It was seen as a significant part of Ando’s body of work with sculptural lines paired with his minimalist concrete structures. Since West stripped all of its windows, electrical, doors, and plumbing, it’s really hard to see the architect’s vision anymore.

Kanye “Ye” West Gutted This Tadao Ando House. Now He Wants $53M for It

“When I was growing up in Chicago, before the internet, I’d go to my local Barnes & Noble to check out Architectural Digest and other design magazines,” Kanye told AD during a home tour in 2020. He always had graph paper around for me to scribble on.” The rapper and designer also owns a ranch property in Wyoming, a condo in Calabasas, and two condos in New York. Since then, the property has sat empty as West began to completely gut the home in a bid to start afresh.

The house, designed by Pritzker Prize-winning Japanese architect Tadao Ando, includes 4,000 square feet of interior space and approximately 1,500 square feet of outdoor living areas. And while it’s true that luxury home prices—and the number of transactions—are generally trending upward, we’re still experiencing a tale of two markets. The property includes 4,000 square feet of interior space and about 1,500 square feet of outdoor living areas, and nearly every room has views of the Pacific Ocean. The lot itself is quite compact and sits cheek-to-jowl between two other homes, spanning under 5,700 square feet and stretching from the road to the beach. Out front, the two-lane street is often trafficked by local surfers and other beachgoers, who enjoy the relatively wide public beach and the good waves in this particular neighborhood pocket. The vaguely Brutalist-inspired house itself has no yard and nary a single plant, so West will save money on landscaping bills.

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Ye bought the property just three years ago for $57.25 million, according to Los Angeles County property records, with the intention of gutting and redesigning the property. He also designed a Malibu beachfront home for soap-opera heir William Bell Jr. and his wife Maria; Beyoncé and Jay-Z purchased that home in 2023 for a whopping $200 million, a transaction that shattered California price records. "Selling Sunset" star Jason Oppenheim is exclusively listing the property for $53 million. The real estate broker said the new price reflects the property's value after the rapper removed the home's interiors. Four months ago, Kanye West put his infamously wrecked Malibu house on the market, asking a steep $53 million. This week, the price tag was slashed all the way down to $39 million by the home’s listing agent, Selling Sunset star Jason Oppenheim.

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Ye's home "is an everlasting beacon of permanence on California's coastline," the home description reads. "Natural light is used creatively throughout the space, another signature of Ando, to manipulate a warm feeling throughout the building and harmonize with its natural surroundings." West visited the Ando-designed “art island” of Naoshima, Japan, in 2018, during a James Turrell installation, and later called the experience “life-changing,” according to reports.

Kanye West Is Desperately Looking for a Buyer for His Uninhabitable Malibu Mansion

Ye’s 4,000-square-foot property was originally listed for $53 million in December 2023, but now is listed by the Oppenheim Group—the brokerage most famous for its popular Netflix show Selling Sunset—which has the property listed at a $14 million discount. Now, Oppenheim is listing the house, and The Oppenheim Group shared photos with Business Insider taken from before West owned the home. Photos obtained by TMZ show what it currently looks like — let's just say it's a fixer-upper. In September 2023, West was sued by a former employee — his caretaker for the Malibu property — who claimed the rapper fired him after forcing him to sleep on the floor during renovations and ordered him to remove the windows and electricity. Kanye West first became enamored with Ando’s designs after a 2018 visit to Naoshima, the “art island” in Japan’s Seto Inland Sea that hosts Ando’s Benesse House Museum and sculptures by James Turrell. In 2020, West told GQ that he wanted to build a home “where every room is a Turrell,” so it’s no surprise that he fell for a home with a similar vibe.

West has tried his hand at architecture, designing and attempting to build a cluster of dome-like homes on his Calabasas property in 2019. He was forced to demolish them after the city said they violated building codes. West is currently being sued by contractor Tony Saxon who worked on the home’s gut renovation, saying he’s owed more than $1 million for his work and alleging disability discrimination, multiple labor code violations, unpaid wages and wrongful termination. According to the Wall Street Journal, which first reported that the house is being put on the market, West has denied the claims made in the suit. He’s also got more than 300 acres of vacant hillside land on the Calabasas outskirts, where he once attempted to build a mysterious “village” of dome-like homes. Neighbors told TMZ that they haven't "seen anyone around for many months" and Ye's Malibu mansion was "left to rot" given that no one is maintaining the structure in the meantime, despite all the outside advisors that Ye pulled on for the project.

Now, instead of renovating the four-bedroom beachfront house on Malibu Road, Ye has decided to sell it, with a price tag of $53 million (he’s listing it at a loss). Kanye “Ye” West, whose business empire suffered major repercussions amid the star’s ongoing antisemitic outbursts, is selling a Malibu property that he bought in late 2021 for $57.3 million in an off-market deal. Kanye West, now known as Ye, is selling a beachfront property in Malibu, California, for $53 million. According to The Wall Street Journal, the house lacks plumbing, electricity, windows, and doors.

A Happy Hanukkah sign was even posted onto the Malibu house's garage door around the time that Kanye was embracing hate speech and far-right conspiracy theorists. The homes interior walls, exposed to the outside air, wind, and sand as they were, began to crumble and the metal railings are rusting, better as a respite for seagulls than would-be residents. By summer 2022, Ye's Malibu house was entirely gutted and barren as repairs dragged on and on.

Just two years ago, Kanye West was still flying high on the success of his billion-dollar Yeezy sneaker brand. He bought two separate Wyoming ranches, including one that spanned more than 3,000 acres. The money seemed endless; he also shelled out $57 million, in cash, for an oceanfront Malibu house designed by famed Japanese architect Tadao Ando. And in the midst of his acrimonious divorce from Kim Kardashian, he bought a house directly across the street from her Hidden Hills residence, just because. The nearly 4,000-square-foot house was initially offered at an outrageous $75 million last year, before being removed from the market. But the discounted sale price is also the second-highest number paid for a Malibu home this year, behind only an $87 million transaction that recorded in February.

Sachs, a financier and ex of Ashley Olsen, purchased the property in 2003 for the much lower price of $1.9 million, and radically transformed the place during his near 20 years of residency. Designed by Pritzker Prize-winning Tadao Ando, the house features a concrete exterior in keeping with the acclaimed architect’s streamlined brutalist ethos. In the couple of dozen months that Ye has owned the property, the music performer and designer removed the home’s interiors, leaving it essentially gutted.

The exclusive listing agent, Jason Oppenheim, told the publication, the home is a "blank canvas" for anyone who wants to add their own touch. In an email to Business Insider, The Oppenheim Group confirmed "all interior finishes have been removed from the property." Vaguely Brutalist in style, the three-story home features views of the Pacific Ocean from every level, and even doubled as an art gallery to exhibit Sach’s contemporary art collection. Its roughly 4,000 square feet of interior space contains three bedrooms on the lower level, a kitchen and living room on the middle level, and a master bedroom on the upper level. In addition, 1500 square feet of outdoor decks allow sunbathers a vantage point from which to view dolphins, seals, and whales. The current listing, held by Selling Sunset star Jason Oppenheim of the Oppenheim Group, includes a few years-old photos of the place.

Around 200 tons of concrete, 200 tons of steel reinforcement, and 12 massive pylons were used to construct the home, according to its description. The property was designed by Pritzker Architecture Prize-winning Japanese architect Tadao Ando, who is also responsible for Beyoncé and Jay-Z's $200 million Mailbu property. Ando is known for both his minimalist structures and his use of reinforced concrete.

Oppenheim and the O Group’s agents are currently filming season 8 of his hit Netflix series Selling Sunset, but he says it’s unclear whether the home will be featured on an upcoming episode. The official description notes that, "Natural light is used creatively throughout the space, another signature of Ando, to manipulate a warm feeling throughout the building and harmonize with its natural surroundings." The price dip is definitely not too surprising considering the state of disrepair that the house is currently in. While Ye's Tadao Ando-designed home collapses into the sea, Kim Kardashian is apparently happy at work with Ando himself, whom she met with during a recent trip to Japan.