Kanye West’s Former Malibu Home Listed for $39M Amid Restoration Efforts

Steven Belmont seeks to sell the partially restored Tadao Ando-designed property after acquiring it for $21M in 2024 and initiating an $8.5M renovation plan.

• Kanye West originally purchased the Malibu home in 2021 for $57.3M and gutted it during an abandoned renovation project, leaving it exposed to the elements.
• Steven Belmont acquired the property in September 2024 for $21M and began restoration efforts, including framing, plumbing, and electrical work, with costs estimated at $8.5M.
• The home, designed by renowned architect Tadao Ando, is one of only a few such properties in the U.S., adding significant architectural and cultural value.
• Belmont has listed the partially restored property for $39M to recover investor funds, with plans to complete renovations by 2026 if no suitable offers are made.
• The property survived the January 2025 wildfires, which destroyed nearby homes, potentially increasing its market value due to reduced inventory in the area.

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