Kanye West Dumps Malibu Mansion for $53 Million After Divorce from Kim Kardashian

Kanye West Dumps Malibu Mansion for $53 Million After Divorce from Kim Kardashian
Kanye West Dumps Malibu Mansion for $53 Million

Introduction

Rapper and billionaire Kanye West has put his unfinished Malibu beach house on the market for a whopping $53 million, just months after his divorce from reality star Kim Kardashian.The property, which West bought in 2018 for $14 million, features a minimalist design by Japanese architect Tadao Ando and stunning views of the Pacific Ocean.However, the house is still under construction and has been stripped of most of its interior walls, floors, and fixtures, leaving behind a bare concrete shell.

Why West decided to sell the house and what his plans are for the future

Why West decided to sell the house and what his plans are for the future

West, who is known for his eccentric and visionary style, reportedly bought the house as a passion project and planned to transform it into his dream home.According to a source close to West, the rapper wanted to create a “spiritual oasis” that would reflect his artistic and religious beliefs.“He was inspired by Tadao Ando’s work and wanted to create a space that was minimalist, futuristic, and zen,” the source said. “He envisioned a place where he could meditate, make music, and host his Sunday Service events.”However, West’s plans were disrupted by his divorce from Kardashian, which was finalized in September 2023.The couple, who married in 2014 and have four children together, had been living separately for months before they filed for divorce, citing irreconcilable differences.The divorce settlement gave Kardashian the primary custody of their children and the ownership of their main residence in Hidden Hills, California.West, who has been living in Wyoming and traveling around the world, decided to sell the Malibu house as part of his post-divorce strategy.The source said that West is ready to move on from his marriage and start a new chapter in his life.“He wants to focus on his music, his fashion, and his political ambitions,” the source said. “He doesn’t need the Malibu house anymore. He thinks it’s a distraction and a burden.”West, who ran for president in 2020 and received about 60,000 votes, has hinted that he may run again in 2024.He has also been working on his 10th studio album, Donda, which is named after his late mother and has been delayed several times.West has also been expanding his fashion empire, Yeezy, which is valued at over $3 billion and has partnerships with Adidas and Gap.

How the house reflects West’s aesthetic and artistic vision, and how it compares to his other properties and projects

How the house reflects West’s aesthetic and artistic vision, and how it compares to his other properties and projects

West’s Malibu house is not the only property that showcases his unique and minimalist style.The rapper also owns a 4,524-acre ranch in Cody, Wyoming, where he has built several dome-shaped structures that serve as his creative studios and living spaces.West has said that he wants to create a “Yeezy campus” in Wyoming, where he can design his clothing line, record his music, and host his religious events.He has also expressed interest in building a 10-bedroom mansion and an underground lake on the ranch, as well as a “urine garden” that would fertilize the soil.West has also been involved in several architectural and design projects around the world, such as collaborating with James Turrell, a renowned artist who creates immersive light installations, and Axel Vervoordt, a Belgian designer who specializes in antiques and contemporary art.West has also partnered with IKEA to create a line of furniture and accessories for young people, and with Adidas to design a sustainable sneaker made from algae.West’s aesthetic and artistic vision is influenced by his faith and his philosophy of “DONDA”, which is named after his mother and stands for “Design Over Negative Design Aesthetics”.West has described DONDA as “a way to make the world better through design” and “a way to empower people and give them opportunities to create and innovate”.

What the potential buyers and challenges are for the house, and how the real estate market in Malibu is doing

What the potential buyers and challenges are for the house, and how the real estate market in Malibu is doing

West’s Malibu house is one of the most expensive and unique properties in the area, but it may not be easy to find a buyer who shares his vision and is willing to pay the hefty price tag.The house is located in the exclusive enclave of Point Dume, where celebrities such as Julia Roberts, Chris Martin, and Barbra Streisand have homes.The house sits on 1.7 acres of land and has 4,000 square feet of living space, with four bedrooms and four bathrooms.The house also has a pool, a spa, a two-car garage, and a private beach access.However, the house is still under construction and has been gutted of most of its interior features, leaving behind a concrete shell that resembles a bunker or a prison.The house has no windows, no doors, no floors, no ceilings, and no fixtures.The house also has no electricity, no water, no gas, and no sewer.The house is being sold as-is, with no permits or plans for completion.The buyer would have to finish the construction and obtain the necessary approvals from the city and the coastal commission, which could take years and cost millions of dollars.The real estate market in Malibu is also facing some challenges, as the area has been hit by wildfires, mudslides, and power outages in recent years.The demand for luxury homes in Malibu has slowed down, and the inventory has increased, leading to lower prices and longer sales times.According to Zillow, the median home value in Malibu is $3.2 million, down 4.5% from last year.The average days on market for Malibu homes is 117, up 29.4% from last year.

Summary

Kanye West’s Malibu mansion is one of the most expensive and unique properties in the area, but it may not be easy to find a buyer who shares his vision and is willing to pay the hefty price tag.The house, which West bought in 2018 for $14 million, features a minimalist design by Japanese architect Tadao Ando and stunning views of the Pacific Ocean.However, the house is still under construction and has been stripped of most of its interior walls, floors, and fixtures, leaving behind a bare concrete shell.The house is being sold as-is, with no permits or plans for completion.The buyer would have to finish the construction and obtain the necessary approvals from the city and the coastal commission, which could take years and cost millions of dollars.The real estate market in Malibu is also facing some challenges, as the area has been hit by wildfires, mudslides, and power outages in recent years.The demand for luxury homes in Malibu has slowed down, and the inventory has increased, leading to lower prices and longer sales times.The sale of the house marks another chapter in West’s turbulent and transformative year, as he moves on from his marriage and pursues new ventures in music, fashion, and politics.West, who is known for his eccentric and visionary style, decided to sell the house as part of his post-divorce strategy.West, who ran for president in 2020 and received about 60,000 votes, has hinted that he may run again in 2024.He has also been working on his 10th studio album, Donda, which is named after his late mother and has been delayed several times.He has also been expanding his fashion empire, Yeezy, which is valued at over $3 billion and has partnerships with Adidas and Gap.West’s aesthetic and artistic vision is influenced by his faith and his philosophy of “DONDA”, which is named after his mother and stands for “Design Over Negative Design Aesthetics”.West has described DONDA as “a way to make the world better through design” and “a way to empower people and give them opportunities to create and innovate”.West’s Malibu mansion is a reflection of his creative and ambitious spirit, but it may also be a symbol of his unfinished and unfulfilled dreams.Will West find a buyer who appreciates his vision and is willing to take on the challenge of completing his masterpiece?Or will West’s Malibu mansion remain a concrete shell, a reminder of his failed marriage and his unrealized potential?Only time will tell.

Written by Vikram

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