Kanye West is celebrating a significant step forward as he’s found a buyer for his Malibu estate, which he has been trying to sell after extensively renovating the property.
Reports indicate that the property entered escrow last Thursday, marking a potential conclusion to a lengthy sales process.
West’s Malibu mansion initially hit the market in January with a hefty price tag of $53 million.
However, after struggling to attract buyers, he slashed the asking price by $14 million in April, bringing it down to $39 million. The final sale price has yet to be disclosed.
The estate, located on the beach, has undergone major renovations, but Kanye never completed the project, leaving the property in a somewhat raw state.
It has been described as a “fixer-upper” and, notably, lacks walls, making it feel almost uninhabitable.
This condition implies that the new owner will need to invest significantly in renovations to transform it into a livable space.
To help expedite the sale, Kanye enlisted the services of Jason Oppenheim, a star from the reality show “Selling Sunset,” who successfully positioned the mansion as a “blank canvas” for the right buyer.
The property spans 4,000 square feet, featuring 4 bedrooms and 5 bathrooms, along with outdoor decks that offer stunning views of the Pacific Ocean.
As the sale progresses through escrow, it will be intriguing to see what vision the new owner has for renovating and revitalizing the iconic beach home once all is finalized.
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