The saga of Kanye West’s one-time Malibu beach house took another melodramatic turn as the property is back on the market months after the announcement that a buyer was secured.
Mansion Global reports the house is back on the market for $34.9 million, down from its last listing in March for $39 million. An investor group led by Andrew Mazzella, a Montana-based luxury-home developer, agreed to buy the property from Belwood Investments, a crowdfunding company owned by Steven “Bo” Belmont. The closing was set for May, but the transaction stalled and has yet to be completed. Mazzella told Mansion Global that the stakeholders in the sale are “still negotiating” even though the property is relisted.
West purchased the property in 2021 for $57 million but left unfinished after a highly publicized but ill-fated renovation project. West listed the property in January 2024 for $53 million and reduced it to $39 million three months later – Belmont bought the property for $21 million.
The property spans 4,201 square feet and is constructed of approximately 1,200 tons of concrete, 200 tons of steel reinforcement, and 12 massive pylons driven more than 60 feet into the sand. The home includes 1,500 square feet of outdoor decks with ocean views from every room.
Photo courtesy of Zillow
