Kanye West's Malibu beach house, initially purchased and severely renovated by West before being sold for $21 million, is back on the market at $39 million. Owner Steven Belmont has overseen its restoration, which includes updated plumbing, electrical systems, and a new roof, with further enhancements managed by architecture firm Marmol Radziner. Given the current demand in the Malibu real estate market and Belmont's high carrying costs, he plans to sell before the house is fully completed, potentially maximizing returns for investors.
Belmont noted that selling now can maximize profit for his investors due to the hot Malibu market and offers he's received from builders in the $28 to $30 million range.
The house's restored condition, with a new roof and plumbing, and the architectural oversight of Marmol Radziner enhances its appeal amid limited inventory in Malibu.
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