Kanye West's 'cursed' Malibu mansion back on market again after $37m deal for concrete shell collapsed
West, who now goes by Ye, purchased the mansion in 2021 after his sensational split from his ex-wife, Kim Kardashian.
The mansion's original design, created by Japanese architect Tadao Ando, was stripped when Ye removed the windows, doors, electricity, and plumbing.
The property is over 4,000 square feet and has four bedrooms and five baths. It is now listed for $39 million.
Bellwood Investments then purchased the property last year with the intention of restoring the home's original architecture.
The firm was in contract with Andrew Mazzella, a Montana-based developer from Alaska, but the deal has since collapsed, according to the Wall Street Journal.
Bo Belmont, the founder and CEO of Belwood, told the Journal that Mazzella was unable to secure the funding for the transaction.
Mazzella denied the accusation, telling the publication that the project required significantly more cash than he initially anticipated.
Kanye West's former Malibu mansion (pictured) is back on the market once again after a deal fell through to purchase the gutted mansion
Ye, who was formerly known as Kanye West, purchased the Malibu mansion in 2021 and completely gutted it (Pictured: Ye and his wife Bianca Censori at a fashion show in 2024)
After Ye's split from Kim Kardashian, he purchased the property and removed the windows, doors, electricity, and plumbing
He clarified that although he didn't feel misled by the firm, 'it's been a slow trickle of information over the last four months'.
Belmont purchased the property for $21 million, a massive cut from the $57.3 million that Ye bought it for before gutting the mansion.
Mazzella then signed a contract in March to purchase the property and expand his development business to Los Angeles.
'Nearly 500 people invested in this iconic Malibu property through Belwood Investments, and its sale marks a major milestone in our efforts to make luxury real estate investments accessible to everyone,' Belmont said in a press release at the time.
'In accepting this strong offer, we're bringing our investors a payday 14 months earlier than expected.'
Belwood Investments had previously raised millions from investors to purchase the property and restore it to honor the original architecture before Ye gutted the mansion to a concrete shell.
Belmont previously said in an interview with the Los Angeles Times that the goal was to make the mansion 'as though Kanye was never there.'
The restoration of the mansion was paused in April after Mazzella signed the contract, but the Montana developer told the Journal that he believed Belwood would continue construction.
Bo Belmont, the founder and CEO of Belwood Investments (left) purchased the property last year and was working through a deal with developer Andrew Mazzella (right)
Before Kanye stripped the mansion, it featured architecture from renowned Japanese architect, Tadao Ando
Belmont said he planned to restore the original design before Ye gutted the mansion
The mansion has been completely gutted and is back on the market for a whopping $39 million
Belmont said he canceled the contract this summer after Mazzella proposed a revised deal, calling the developer 'nothing more than a cowboy from Montana,' who was 'trying to do something in Malibu,' according to the Journal.
He added that the delays have cost the firm over $1 million, and the monthly costs for the property are around $330,000.
Mazzella argued that the cancellation was mutual and told Mansion Global that he was still attempting to negotiate a deal for the property.
He added that he plans to continue renovation on another Los Angeles mansion and compared his business style, 'to be that of Trump, Musk and Carl Icahn combined.'
'So it's not an easy process,' he added.
The Oppenheim Group has listed the property online. Jason Oppenheim and Mauricio Umansky are representing the listing.
Belmont said the deal with Mazzella was canceled after he proposed a revised deal, but Mazzella told Mansion Global he hadn't entirely abandoned negotiations
The listing was put back on the market by the Oppenheim Group for $39 million
Known for selling homes for the rich and famous on Netflix reality show Selling Sunset, Oppenheim also represented Ye when the rapper put the mansion on the market.
The realtor confirmed to the Journal that if Mazzella can secure the financing, they will move forward in closing the deal, but are exploring other buyers.
According to the listing, the architecture firm Marmol Radziner has been commissioned to restore the original architecture of the home.
The Oppenheim Group called the property an 'exceedingly rare architectural achievement that should be seen as a masterful work of art.'
The Daily Mail has reached out to the Oppenheim Group, Ye's representation, Mazzella, and Belwood Investments for additional comment.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Mail
26 minutes ago
- Daily Mail
Giants QB Jameis Winston goes viral for whacky warm up before Patriots game
Jameis Winston sent NFL fans into hysterics on Thursday night as he performed an unconventional pregame routine. Winston and the Giants were preparing to face the Patriots in their final preseason game at MetLife Stadium when the veteran quarterback was captured by doing a wacky warmup on the field. The passer practiced his throwing motion while swinging a towel in his hand as he traveled the length of the endzone. And fans had a range of humorous reactions to the moment, which was posted by the NFL's official X account. 'Funniest guy in the NFL,' one wrote. 'Here he go with the shenanigans,' another said with laughing-crying emojis. no context Jameis Watch NEvsNYG— 8pm ET on Prime Video Also streaming on @NFLPlus — NFL (@NFL) August 21, 2025 'Me when a fly gets in the house and my Yorkie goes nuts,' a third cracked. And a fourth said: 'Some nights you watch football, some nights football watches Jameis.' The video has garnered over 174k views on X at the time of writing. The whimsical Winston, who has become known for his epic pregame speeches in the past, has become a locker room favorite in New York after the team signed him this offseason. However, there's been suggestions that the Giants could elect to trade him amid rookie Jaxson Dart's impressive preseason, which could see him overtake Winston as the team's No. 2 passer behind Russell Wilson. However, assistant GM Brandon Brown recently made it clear that the team had no intentions of moving the veteran. 'I appreciate people that are interested, but Jameis is a New York Giant,' Brown told reporters this week. 'With the way that he's gone about his business from day one, he's made it very intentional with the fact that he wants to be here and he wants to be here for the long haul.' Dart got the start against the Patriots on Thursday night, exiting with 81 passing yards and a touchdowns before Winston added a score in the first quarter as well. Winston found Jalin Hyatt for a 27-yard touchdown along the sideline to give the Giants a 14-0 lead at the time. The Giants open their regular season at the Commanders on September 7.
Reuters
26 minutes ago
- Reuters
Currencies tread with caution ahead of Powell's speech
SINGAPORE, Aug 22 (Reuters) - The U.S. dollar was steady on Friday, poised for a strong weekly performance as investors gear up for an eagerly anticipated speech from the Federal Reserve Chair Jerome Powell that could shape the near-term path for interest rates. An unexpectedly weak July jobs report coupled with big downward revisions to hiring in May and June bolstered hopes of an imminent reduction in borrowing costs, with traders even pricing in a jumbo rate cut for the next meeting in September. But since then cautious comments from other policymakers and economic data flashing inflationary risks have tempered those expectations. Still, traders are pricing, opens new tab in a 75% chance of a 25-basis-point rate cut in September, down from 92% a week earlier, CME FedWatch tool showed. Federal Reserve officials appeared lukewarm on Thursday to the idea of a rate cut next month, setting the stage for Powell's speech at the annual Jackson Hole conference in Wyoming, which kicked off on Thursday. "Powell is unlikely to pre-commit to a September cut," said Charu Chanana, chief investment strategist at Saxo. "The Fed has a dual mandate, but right now inflation outweighs labour as the bigger risk. "With another inflation and payrolls print still due before the September meeting, Powell has every reason to stay patient and keep optionality open," Chanana said. That might leave the dollar vulnerable after a steady but unspectacular rise in the past week. The euro last bought $1.1613, down 0.8% for the week, while sterling was steady at $1.3416, down nearly 1% for the week. The dollar index , which measures the U.S. currency against six rivals, was at 98.61, on course for a 0.7% rise in the week, snapping its two-week losing streak. Market pricing for a September rate cut sets a high bar for Powell to 'out‑dove' the market, according to Joseph Capurso, head of international and sustainable economics at Commonwealth Bank of Australia. "We expect a larger lift in the dollar if Powell challenges current high market pricing of a 25 bp September cut. Put another way, the dollar faces asymmetric risks with greater upside potential than downside," Capurso said. The yen fetched 148.45 per dollar in early trading after core inflation in Japan slowed for a second straight month in July but stayed above the central bank's 2% target, keeping alive expectations for a rate hike in the coming month. The yen is on course for a weekly drop of over 0.8%, its biggest decline in a week since mid-July. "We expect the BOJ to raise its policy rate in October," said Min Joo Kang, senior economist at ING. "The core inflation is likely to remain above 3% for an extended period... This will support the Bank of Japan's policy of normalisation." The Australian dollar was little changed at $0.6425, set for a 1.2% drop for the week, while the New Zealand dollar eased a tad to $0.58145, on course for a 1.8% weekly decline, its biggest drop in more than four months.
Daily Mail
26 minutes ago
- Daily Mail
Elon Musk's ex Grimes SPLITS from boyfriend Anyma after year-long romance
Elon Musk 's ex Grimes has split from her boyfriend Anyma after the pair went public with their romance a little over a year ago. The 37-year-old singer - who shares three children with the SpaceX founder - first went public with her relationship with the Italian DJ and producer last year in March. Anyma - whose real name is Matteo Milleri - was previously marred to supermodel Vittoria Ceretti, who is now dating Oscar winner Leonardo DiCaprio. A source confirmed to People on Thursday that Grimes and Anyma have gone their separate ways while noting that the breakup was 'amicable' and that they still remain on good terms. 'Anyma and Grimes have amicably parted ways but still remain good friends and collaborators.' The insider also revealed that the two music artists have plans to 'release new music together soon.' A source confirmed to People on Thursday that Grimes and Anyma have gone their separate ways while noting that the breakup was 'amicable' and that they still remain on good terms The former couple first went public with their romance in March 2024 when the Oblivion songstress shared an Instagram post of the pair. In the images, the two music artists could be seen cozying up together while lovingly looking into each other's eyes. Grimes and Anyma also shared a sweet kiss for the camera, with the mom-of-three penning in the caption: 'Beauty and the Beast.' Since then, the stars have occasionally appeared on each of their social media pages - keeping most of their relationship private. Last year in April, Grimes hit the stage during the 2024 Coachella Music Festival and her then-boyfriend appeared in a few behind-the-scenes snaps that she shared at the time. In one post, the Italian DJ could be seen taking pictures of the Canadian-born singer as she struck a pose wearing an eccentric outfit. The pair also paused to take a sweet selfie as they lounged on a leather couch on the festival grounds. Anyma also uploaded a post earlier this tear in January to share photos from his performance at The Sphere in Las Vegas - with Grimes joining him on stage at one point. He shared a few BTS images, with one taken as both he and the songstress posed backstage in a long hallway. While it is not known when the pair first sparked up a romance, they notably collaborated back in 2023 on the song titled Welcome To The Opera. And before their split, the pair also worked together on another track called Taratata which was released in April. Grimes - whose real name is Claire Elise Boucher - was previously in an on-and-off relationship with Elon Musk from 2018 through 2023. The former couple officially went public with their romance in May 2018 when they attended the MET Gala together. The pair are parents to three children: X Æ A-Xii, five, Exa, almost four, and Techno, three. Last month in July, Grimes notably slammed her ex's X platform as 'poison' - months after she begged Elon to keep their young children out of spotlight and away from White House. She penned in a post: 'Ok I've basically been entirely off social media and returning here it is overwhelmingly, abundantly and profoundly clear that this place - and all of these places - are a poison - a prison of utterly short form deep deep-sounding nonsense attached to no one that ur brain will discard imaging its learning.' The singer further continued, 'The entire thing is a theatre. A s****y pale simulacra of a life.' Last month in July, Grimes notably slammed her ex's X platform as 'poison' - months after she begged Elon to keep their young children out of spotlight and away from White House It came not long after she had to cancel her World Pride Festival performance scheduled for June due to 'family issues. ' She shared on X: 'I am so, so sorry and regretful to say I have to cancel my pride show in order to deal with family issues. 'I want to say that I am aware the situation has been a great inconvenience to the fans for some time, and I am truly determined to make sure this is no longer the case very soon.' The Genesis singer added, 'I think the show is still going to be amazing and the lineup is great. I hope this is early enough and gives people enough time if they wish to change their plans.' The performer concluded the message to her fans by expressing that she would 'make this up' to them. In February, Grimes had sent a panicked messaged to her ex on the social media platform about one of their children having a 'medical crisis.' 'I am sorry to do this publicly but it is no longer acceptable to ignore this situation. This requires immediate attention,' she wrote at the time. Elon had taken on an advisory role at the Department of Government Efficiency (DOGE) earlier this year for the Trump administration; Elon seen with his son X Æ A-Xii and Trump in February in Washington D.C. The star later explained that wouldn't disclose further details 'but he won't respond to texts call or emails and has skipped every meeting and our child will suffer life long impairment if he doesn't respond asap. 'So I need him to f***ing respond and if I have to apply public pressure then I guess that's where we are at.' Elon had taken on an advisory role at the Department of Government Efficiency (DOGE) earlier this year for the Trump administration. However, the Space X founder notably voiced his disagreements with the president's 'big, beautiful bill' after his time in the White House ended.
