The Malibu mansion formerly owned by the artist formerly known as Kanye West has been bought by a new owner who plans to restore the home to its original design. The buyer, Bo Belmont of Belwood Investments, expressed his intentions to undo some of the drastic changes made by the musician Ye, referring to them as “dumb.”
The sale of the Tadao Ando-designed house on Malibu Road was finalized on Thursday morning. Belmont, who has a colorful past himself, having been convicted of assault with a deadly weapon, purchased the property for a reduced price of $21 million from Ye, who initially listed it for $53 million in December.
Ye gained attention for stripping the mansion of its windows, doors, electricity, and plumbing, with the contractor he hired describing the destruction as a dismantling of an architectural masterpiece. Belmont, on the other hand, aims to bring the house back to its original glory through a restoration process.
“My goal is to erase any trace of Kanye’s presence in the house. It will be restored to its former state,” Belmont shared in an interview with The Times. He mentioned that his assessment of the property revealed that most of the changes made by Ye were superficial, with the most notable damage being the removal of the floor glazing.
“That decision was truly senseless and served no purpose,” Belmont commented. Ye reportedly had grand plans for the house, such as converting the stairs into a slide, installing trampolines on the floors, and covering the exterior in camouflage. Belmont acknowledged the need for proper approvals for such drastic changes in a city like Malibu.
The mansion was previously owned by Richard Sachs before Ye acquired it for $57 million in 2021. The recent deal was facilitated by Jason Oppenheim, who represented Ye in the sale negotiations. Belmont is prepared to allocate between $6 million and $8 million towards the restoration project, working alongside Marmol Radziner, the original builders of the house.
With the ultimate goal of selling the property for a profit to benefit his investors, Belmont disclosed that there are 500 individuals who have invested amounts ranging from $1,000 to $1 million in the Ye house. He envisions a successful venture that rewards those who have contributed to his company’s high-end real estate investments.
For more trending news articles like this, check out DeFi Daily News.
Conclusion: A Spectacular Transformation Awaits
The journey of the Malibu mansion from Ye’s experimental canvas to a restored architectural masterpiece under Belmont’s vision promises an exciting chapter in the property’s history. As the house undergoes its transformation, a story of redemption and renewal unfolds, symbolizing the resilience of design and the allure of restoration. With each step towards returning the mansion to its former glory, Belmont paves the way for a new era of elegance and sophistication. The saga of the Ye house embodies the essence of second chances and the art of reinvention. Stay tuned for the unveiling of this remarkable metamorphosis!
