The tony Malibu home that gained notoriety when Kanye West gutted it before selling it at a multimillion-dollar loss is once again for sale.
The property, listed at $39 million, is in the midst of renovation as its new owner undoes Ye’s head-scratching remodeling choices. The home, completed in 2013, was designed by Pritzker Prize-winning Japanese architect Tadao Ando . Owner Bo Belmont says it needs millions of dollars more to restore it to its former glory.
The remaining work and the fact that the home is part of a community devastated by the Palisades fire might seem like two strikes against it. But Belmont doesn’t see it that way. The owner of Belwood Investments believes Malibu’s cachet has survived the fire just as this home survived Ye.
Belmont said he and his team had completed about $2 million worth of renovations on the concrete house to return it to its state before it was bought by Ye, who removed the windows, doors, electricity and plumbing and broke down walls . The house still needs an additional $6.5 million of work, Belmont estimated…