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Kanye West has finally sold his Malibu mansion after struggling to find a buyer for several months.
According to reports on TMZ, the beachfront home went into escrow last Thursday, signalling the end of West’s effort to find a buyer for the mansion. Originally listed at $53 million in January, the asking price for the estate was slashed by $14 million in April, bringing it down to $39 million.
The 4,000-square-foot property, which features four bedrooms, five bathrooms, outdoor decks, and sweeping views of the Pacific Ocean, was bought by West in December 2021 for over $57 million. However, the rapper’s ambitious makeover was never completed, leaving the mansion in a state described as nearly ‘uninhabitable’, with many rooms lacking even walls, thus requiring extensive renovations.The decision to sell the home came in December of last year, with the initial listing price of $53 million dropping to $39 million. Sources previously indicated that the price might fall even further before a sale could be finalized.
West enlisted “Selling Sunset” star Jason Oppenheim to find a buyer, and Oppenheim promoted the property as a “blank canvas” for potential owners. Despite the challenges, it seems that Oppenheim has successfully matched the estate with a new owner.
The exact amount the buyer agreed to pay has not been disclosed, and it remains to be seen what the final vision for the property will be once renovations are completed.
According to reports on TMZ, the beachfront home went into escrow last Thursday, signalling the end of West’s effort to find a buyer for the mansion. Originally listed at $53 million in January, the asking price for the estate was slashed by $14 million in April, bringing it down to $39 million.
The 4,000-square-foot property, which features four bedrooms, five bathrooms, outdoor decks, and sweeping views of the Pacific Ocean, was bought by West in December 2021 for over $57 million. However, the rapper’s ambitious makeover was never completed, leaving the mansion in a state described as nearly ‘uninhabitable’, with many rooms lacking even walls, thus requiring extensive renovations.The decision to sell the home came in December of last year, with the initial listing price of $53 million dropping to $39 million. Sources previously indicated that the price might fall even further before a sale could be finalized.
West enlisted “Selling Sunset” star Jason Oppenheim to find a buyer, and Oppenheim promoted the property as a “blank canvas” for potential owners. Despite the challenges, it seems that Oppenheim has successfully matched the estate with a new owner.
The exact amount the buyer agreed to pay has not been disclosed, and it remains to be seen what the final vision for the property will be once renovations are completed.
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