The Malibu beach house designed by Tadao Ando, previously owned by Ye, has been bought by Andrew Mazella Ventures LLC for $30-34 million after extensive renovations. Ye purchased the property for $57.25 million in 2021 but gutted it, leaving a concrete shell. After acquiring it for $21 million, investor Steven Belmont aimed to restore it and re-listed it for $39 million, leveraging offers he received during the process. The house's market has been brisk, showcasing the allure of celebrity architecture and high-stakes real estate flips.
West, who paid $57.25 million for the architectural masterpiece in 2021, famously tore the 4,000-square-foot house apart, leaving a concrete shell without plumbing, electricity, or a roof.
After purchasing the house for $21 million last September, Belmont set out to restore the property to its pre-Ye state, hiring architecture firm Marmol Radziner to oversee the project.
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