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The Malibu mansion that Kanye West famously stripped down with the goal of making it a bomb shelter – has sold for approximately $21 million, with the new owner finally revealed.
Belwood Investments purchased the property, according to TMZ, after the rapper initially had the home on sale for $53 million.
The outlet reported that the company’s CEO Bo Belmont revealed in a press release that they plan to invest $5 million into the home to attempt to restore it the original vision of Tadao Ando – who originally designed the home prior to Kanye’s demolition.
In July, it was reported that the home was purchased – but the owner and the price was not yet known.
The Malibu mansion that Kanye West famously stripped down with the goal of making it a bomb shelter – has sold for approximately $21 million, with the new owner finally revealed
Belwood Investments purchased the property, according to TMZ, after the rapper initially had the home on sale for $53 million
‘This is not just a phenomenal real estate investment; it is an opportunity to revitalize and preserve an architectural gem by the renowned Tadao Ando, ensuring it remains a jewel of Malibu, Bo said in the press statement via TMZ.
Kanye had purchased the home designed by the iconic architect in 2021 for $57.3 million – but in June, shocking photos showed the beachfront home completely gutted with no windows.
He had stripped it of plumbing and electricity, with all the windows and doors removed.
The rapper put the home on the market for $53 million, reducing it by $14 million to $39 million in April.
Kanye enlisted the help of real estate agent Jason Oppenheim.
Kanye had purchased the home designed by the iconic architect in 2021 for $57.3 million – but in June, shocking photos showed the beachfront home completely gutted with no windows
Per the outlet, the deal will close on September 3.
The home was built in 2013.
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Read more at DailyMail.co.uk