Kanye West is no longer the owner of his mansion, which he put up for sale several months ago. The house has finally been sold, and it now belongs to a new owner.
The rare property is now in the hands of a new owner who received a solid offer for the gutted mansion.
Belwood Investments, a “real estate crowdfunding firm” situated in California, has gathered up the dubious home for around $21 million, according to the organization’s public statement.
Kanye bought the Tadao Ando-planned home for $57.3 million back in 2021. He then, at that point, stripped it down to transform it into an air-raid shelter— designed to give protection against bombs.
Afterward, the rapper some way or another became sick of the whole project and listed the home at the incredible price tag of $53 million.
The house was on the selling list for quite a while, perhaps due to the robust selling price. As a result, the rapper and his real estate agent, “Selling Sunset” star Jason Oppenheim, reduced the initial selling price by $14 million.
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Indeed, even after the cut down value, there was no purchaser, thus they had to cut down the price again, making it affordable for Belwood. In the long run, Belwood Investments got the deal which will finally be closed on September 3.
Bo Belmont, the CEO of the company, says he will invest an additional $5 million into the property to try to get it back to how the famous Japanese architect wanted it.
Belmont said:
“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.”
