Kanye West Sells Stripped-Down Malibu Home After Abandoned Renovation

Kanye West has sold his Tadao Ando-designed Malibu home for $21 million to developer Steven 'Bo' Belmont. West purchased the beachfront property for $57.25 million in 2021 with plans to build a minimalist bunker, but the home was stripped to its concrete core before being abandoned amid financial losses and lawsuits.

Belmont is now leading an $8.5 million restoration project to return the structure to its original state. West’s interest in Ando’s work previously led him to briefly occupy a separate $200 million Malibu estate, which was later acquired by Jay-Z and Beyoncé in a record-breaking off-market transaction.

Editor's note: The brief accurately synthesizes the complex timeline of the two Malibu properties and the ownership transitions mentioned in the source.