Kanye West has finally found a buyer for his Malibu mansion, which had been sitting unfinished, gutted and pretty much an eye sore as far as beachfront properties go. The property entered escrow last Thursday, according to online records. So, yea, somebody is about to cut the check.
West had been trying to sell the estate for some time, and in April, he slashed $14 million off the original $53 million asking price from January, bringing it down to $39 million. That’s about 25%. Think he is taking a loss? Quite possibly.
The final sale price remains undisclosed – do don’t ask.
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ICYMI, the mansion was stripped down as part of a renovation project that Kanye never completed. Like, eh, $50 million dollar crib. Let’s strip it down to the studs and just move onto something else. Gotta love it. Not to mention, the architect is like award winning. Ye left it in a state that requires significant repairs. The property lacks walls and feels nearly uninhabitable, making it a major fixer-upper for the new owner, assuming escrow closes successfully. Who ever is taking it on has a project on their hands.
Get this, Kanye enlisted the help of “Selling Sunset” star Jason Oppenheim to market the property. Oppenheim promoted the mansion as a blank canvas, which seemed to appeal to the buyer. Oh, Ye thought it was a canvas too. Let’s see how that works out.
Any who, the 4,000-square-foot estate includes 4 bedrooms, 5 bathrooms, outdoor decks, and expansive views of the Pacific Ocean. Beautiful conceptually. Time will tell what it actually looks like when it’s all said and done.
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