Kanye West Closes Deal, Sells Gutted Malibu Mansion for $21 Million

Kanye West can pop Champagne … because he officially sold his gutted mansion disaster project in Malibu.

Real estate sources tell TMZ … Ye just closed on the sale of his controversial oceanfront estate for $21 million.

Kanye infamously stripped the property down to its bare bones after initially scooping up the Tadao Ando-designed home in 2021 for $57.3 million.

Yeezy reportedly wanted to transform the home into a bomb shelter, then seemingly got sick of the project and bailed … listing the property for $53 million.

Kanye couldn’t sell the place, though, so Ye and his realtor, “Selling Sunset” star Jason Oppenheim, chopped $14 million off the OG asking price.

After another price drop, Kanye finally sold the place to Belwood Investments, a “real estate crowdfunding firm” based in California.

Belwood’s CEO, Bo Belmont, is already sharing his new vision for the mansion … he says the company is going to pour in another $5 million in renovations to try and restore Tadao’s vision.

Jean-Baptiste Rugiero and Mehdi Maamri from The Agency repped Belwood Investment in the deal, which is now officially official.