Kanye West's Gutted Malibu Mansion Re-listed for $39 Million Amid Renovations

Kanye West's former Malibu beach house, originally purchased for $57.25 million, is back on the market for $39 million after undergoing significant gutting and renovation issues. The property, designed by renowned architect Tadao Ando, was left in disrepair after West's plans to transform it into a modernist shelter were abandoned. Steve 'Bo' Belmont acquired the property for $21 million with intentions to restore it, initially estimating $5 million in renovation costs. However, Belmont has now re-listed the unfinished home, citing the need for further restoration work and expressing confidence that it could eventually fetch a higher price post-renovation. This decision has sparked discussion about the future of such an architecturally significant property, especially given the backlash from architecture enthusiasts over its current state. Belmont plans to continue renovations while seeking a buyer willing to pay his asking price.