After his round the clock dedication to his musical pursuits, when it comes to relishing the fruit of his hard work, Ye, the artist formerly known as Kanye West, prefers shortlisting extravagant real estates. Not just shortlisting to be fair, his passion for lavish dwellings has enlarged his real-estate portfolio to fill-in several pages. Thus, from humble beginnings in a three-bedroom house in Chicago to his current residence in Melrose, the rapper has ascended to considerable heights in his property holdings. However, recent reports indicate a significant setback for Ye concerning one of his estates in Malibu, designed by Tadao Ando. 

The loss allegedly amounts to a staggering $14 million, far surpassing a mere million or two, according to reports.

In 2021, further enhancing his collection of palatial estates, Ye acquired an oceanfront mansion in Malibu for $57.25 million. Despite the hefty investment in the property, the rapper decided to put it up for sale in December 2023, facing a significant loss. Initially listed for auction at $53 million, recent reports from TMZ indicate that the selling price has been slashed by $14 million, bringing the total down to $39 million this week. The apparent reason behind this markdown is the property's stripped-down condition, necessitating extensive renovations.

Despite its prime location in one of Los Angeles' most affluent neighborhoods, the current state of the residence renders it scarcely habitable. Although the mansion has been designed by acclaimed Japanese architect Tadao Ando, winner of the Pritzker Architecture Prize, due to the interiors having been stripped, the property requires new windows, doors, electrical wiring, and plumbing to restore its former glory. Hence, the price cut could definitely amount to loss, but there is not much to do otherwise.

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Yet, as per Ye’s listing agent, there is a reason that could still attract buyers,r especially with the price slash.

Despite the rapper’s intention for a makeover for this residence, it seems he never really got the opportunity to do the same and hence, his home address now rests for the Melrose mansion. Therefore, acknowledging the financial loss Ye might herald due to the rebate, Jason Oppenheim, the listing agent of Oppenheim group reflected that the only scope of attracting buyers is if they “recognize the value and opportunity”. It is true that the current abode has been stripped off its interior finishes due to Ye’s intention of renovating the same, the crucial feature that remains intact is its architectural integrity.

As per the listing, in the making of this mansion, Tadao Ando used 1,200 tons of concrete, 200 tons of steel reinforcement and 12 pylons driven more than 60 feet deep in sand. Hence, with a little investment, the residence can be made better than its original conditions. While there is no denying that this sale will lead Ye’s pocket to sink a little, for the ones eyeing the property, however, it could be the investment of a lifetime.

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What do you think of Ye's extravagant beach house in Malibu designed by Tadao Ando going for sales with a $14 million price slash? Let us know in the comments below!