The concrete Kanye West Malibu mansion is back on the market after a $30 million sale fell apart. Japanese architect Tadao Ando designed the oceanfront property, which West bought in 2021 for $57.3 million. Soon after the purchase, he stripped the three-story home down to its concrete frame, leaving no windows, plumbing, or electricity before abandoning the renovation.
Developer Steven “Bo” Belmont purchased the shell in 2023 for $21 million and quickly listed it again. He went into contract with Montana developer Andrew Mazzella at $30 million, but the deal collapsed after Mazzella asked for a third financing extension. Belmont cancelled the contract at the end of July. The house is now listed for $34.9 million, reduced from its $39 million price in March.
Belmont said he already spent $8.5 million on plans to restore the 4,000-square-foot home to Ando’s original 2013 design for financier Richard Sachs. He consulted Sachs and rehired Marmol Radziner, the original builders. Belmont is open to selling the property as it stands to recover costs, or completing the restoration himself before putting it back on the market.
The developer highlights the home’s resilience. Built with 1,200 tons of concrete, the structure can withstand fires, earthquakes, and even tsunamis. “Malibu is going to get a full face-lift with fire-retardant concrete homes,” Belmont said. “We have the ultimate high-end concrete home. And it’s the only Ando for sale.”
Jason Oppenheim of the Oppenheim Group and Mauricio Umansky of the Agency hold the listing. Oppenheim also brokered the deal when West sold the property to Belmont.
The Kanye West Malibu mansion remains a striking property with a dramatic story. Its architectural pedigree and prime beachfront location ensure it will keep attracting attention from luxury buyers.
