Kanye West can pop Champagne … as a result of he formally offered his gutted mansion catastrophe undertaking in Malibu.
Actual property sources inform TMZ … Ye simply closed on the sale of his controversial oceanfront property for $21 million.
Kanye infamously stripped the property down to its naked bones after initially scooping up the Tadao Ando-designed residence in 2021 for $57.3 million.
Yeezy reportedly wished to remodel the house right into a bomb shelter, then seemingly obtained sick of the undertaking and bailed … itemizing the property for $53 million.
TMZ.com
Kanye could not promote the place, although, so Ye and his realtor, “Selling Sunset” star Jason Oppenheim, chopped $14 million off the OG asking value.
After one other value drop, Kanye lastly offered the place to Belwood Investments, a “real estate crowdfunding firm” based mostly in California.
Belwood’s CEO, Bo Belmont, is already sharing his new imaginative and prescient for the mansion … he says the corporate goes to pour in one other $5 million in renovations to try to restore Tadao’s imaginative and prescient.
Jean-Baptiste Rugiero and Mehdi Maamri from The Company repped Belwood Funding within the deal, which is now formally official.
