Ye, formerly known as Kanye West, has finally found a buyer for his Malibu home but at a massive price drop.
The controversial rapper, who came under fire for his many racist statements at different times, was facing a hard time as big brand like Addidas, Balenciaga, CAA and many more.
The Stronger hitmaker first listed the property in December 2023 in an off-market deal and now the sale of the mansion is in escrow, reported The Hollywood Reporter.
He initially listed it for $53 million and later dropped the price to $39 million in April. The four-bedroom beachfront house on Malibu Road boasts Pacific Ocean views from every room. The about 4,000-square-foot house also features 1,500 square feet of exterior decks.
The outlet revealed that the property was listed by Jason Oppenheim of the Oppenheim Group, who also explained the real reason behind shaving off the price by a big margin.
“What’s missing are the interiors,” he told the outlet. “It’s priced to reflect the need for the interior finishes to be replaced. On the positive, it can be brought up to 2024 standards — it was built about 10 years ago.”
However, he noted that the concert structure was still sound.
“The architectural integrity of Tadao Ando’s work exists today. He’s largely known for his concrete work and the significant cost of this house is in the concrete work.”
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