Kanye West's hollowed-out former house is again available on the market for the fourth time in 5 years.
The concrete Malibu mansion designed by world-renowned starchitect Tadao Ando relisted this week for $34.9 million, simply months after going into contract.
West made headlines in 2022 after he gutted and subsequently deserted the long-lasting residence. This most up-to-date itemizing, first reported by Realtor.com, marks one more interval of uncertainty within the box-like dwelling's sad historical past.
The Montana-based luxurious developer and builder Andrew Mazzella entered into contract in March for the half-restored dwelling.
The deal between Mazzella and the crowd-funded agency that took the property off of West's arms has reportedly dragged on ever since, Mansion Global reported.
Mazzella instructed the outlet that the distinctive property is “a really sophisticated building venture,” and stated that negotiations are nonetheless ongoing.
“I contemplate my enterprise fashion to be that of Trump, Musk and Carl Icahn mixed, so it's not a simple course of,” Mazzella instructed Mansion World.
Pritzker Prize-winning architect Tadao Ando designed the minimalist four-bedroom dwelling, dubbed “Little Ando,” in 2013. Ando is the mastermind behind Jay-Z and Beyonce's personal Malibu manse, a record-setting property known as “Massive Ando.”
West purchased “Little Ando” for $57.25 million in 2021.
West, who had his authorized identify modified to “Ye,” then gutted the uncommon Ando dwelling. The controversial music mogul reportedly sought to show the abode into his personal private “bomb shelter,” and “bat cave.”
The rapper quickly abandoned the hassle, nevertheless, leaving the concrete shell open to the weather between 2022 and 2023.
The crowdfunded actual property agency Belwood Investments snapped up the property in 2024 for simply $21 million — $14 million lower than what West initially requested. The agency, helmed by developer Steven “Bo” Belmont, started an formidable restoration of the property, putting in all new framing, plumbing, roofing and electrical work.
Belwood's 500-plus buyers have been set to obtain an early payday after the agency listed the semi-restored property for $39 million earlier this 12 months. It shortly entered into contract with Mazzella's firm Andrew Mazzella Ventures LLC in March for an undisclosed sum upwards of $30 million, the Wall Street Journal reported.
Mazzella made a money provide on the still-windowless “Little Ando,” the outlet reported, with plans to complete and relist the property for between $55 to $65 million.
Now, nevertheless, the destiny of the architectural gem is in limbo as soon as extra.
The deal between Belwood and Mazzella was set to shut in Might, Mansion World reported, and building is at present halted. Mazzella instructed the outlet that the events are “nonetheless negotiating,” and that he would hold on the lookout for different funding alternatives if this deal falls by way of.
As of Wednesday, the three-story house is up for grabs for $34.9 million.
Jason Oppenheim of the Oppenheim Group and Mauricio Umansky of the Company nonetheless maintain the itemizing. Oppenheim represented West within the earlier sale to Belmont.
