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Kanye “Ye” West’s Malibu beachfront property has sold once again after only being on the market for a week. Here’s what to know.
Kanye “Ye” West intended to make his Malibu beachfront property his “bat cave.” He bought the home in 2021 for $57.25 million from art collector Richard Sachs, who had the house constructed in 2013. West left the Malibu home gutted without completing his “bomb shelter” dream home. Belwood Investments bought the home in 2024 and hoped to renovate it before selling it again. Now, it seems the real estate investors already sold the place before completing their renovations.
Kanye ‘Ye’ West’s gutted Malibu beach home has been sold to an investor group led by a luxury home developer from Montana
Kanye “Ye” West had grand plans for his Malibu “bomb shelter” beachfront property. While he originally bought the place for over $57 million, he sold the shell of the house to Steve “Bo” Belmont of Belmont Investments for $21 million in September 2024.
Belmont hoped to invest millions of dollars to restore the property to its former glory. The 4,000-square-foot home contains, four bedrooms and five bathrooms. The home was built on sand with 12 caissons driven 60 feet into the bedrock for support. West removed the windows, marble bathrooms, interior finishes, and electricity from the house. However, it seems Belmont gave up on the renovations. According to The Wall Street Journal, he found a new buyer less than a week after listing it for $39 million in March 2025.
An investor group led by luxury home developer Andrew Mazzella bought the place and plans to complete the home’s renovations. Belmont didn’t reveal the exact price he sold the home for. But he said it’s between $30-$34 million. Mazzella and Belmont’s deal is still under contract but set to close on May 1, 2025. Once the renovations are complete, Mazzella believes the property will sell for $55-$65 million.
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