Kanye West’s $57 Million Malibu Mansion Abandoned and Gutted, Now Sees $14 Million Price Slash
Rapper Kanye West has taken a staggering $14 million off the listing price of his Malibu property, purchased for a whopping $57.3 million in 2021. What’s surprising is the current state of the mansion – it’s been gutted, abandoned, and now sits on the market without essential features like windows, doors, or completed interior systems.
West’s attempts to offload the 4,000-square-foot home, with the help of celebrity real estate agent Jason Oppenheim, have been ongoing for nearly five months. Recently, the listing price was slashed to $39 million, a 26% decrease from its original $53 million listing and a significant 32% less than what West paid for it.
Shortly after acquiring the property, West embarked on a renovation spree, ripping out fixtures, knocking out windows, and removing doors. However, the project came to a halt, and the mansion has remained untouched for over a year, adding to West’s list of controversies and financial woes.
The mansion’s troubled history is intertwined with West’s tumultuous personal life, including his divorce from Kim Kardashian and a series of controversies involving allegations of racism and antisemitism. These issues have led to severed brand partnerships and a decline in West’s net worth.
Despite the challenges, Oppenheim remains hopeful about finding a buyer willing to take on the project of revitalizing the property. However, potential buyers should be aware that significant investment will be needed to bring the mansion up to contemporary standards.
In summary, Kanye West’s abandoned Malibu mansion serves as a stark reminder of the complexities of celebrity real estate and the impact of personal struggles on financial assets.
