K
anye West’s gutted Malibu beach house is back on the market, now listed for $34.9 million after a dramatic series of ownership changes and stalled renovations. The concrete shell, once a pristine Tadao Ando masterpiece, is set to be transformed beyond recognition before a new buyer takes possession.

    The property’s current owner, developer Steven “Bo” Belmont of Belwood Investments, halted restoration work after signing a deal with luxury developer Andrew Mazzella in August. The agreement collapsed amid a heated dispute, with Belmont branding Mazzella a “massively underqualified … Montana cowboy.” The fallout forced the four‑bedroom beachfront home—originally designed by Pritzker‑winning architect Tadao Ando—to relist at $39 million, then cut to $34.9 million.

    Realtor Jason Oppenheim reports that the house has attracted “decent interest” since relisting, citing its architectural pedigree and status as the only Ando‑designed home on the water. He says restoration work will resume “within weeks, if not days,” promising the property will no longer resemble a bare concrete shell when sold.

    Before the escrow with Mazzella, Belmont had already advanced the rebuild: new plumbing and electrical, a new roof, complete framing, and German glass ordered for windows, slated to arrive before summer’s end. He intended to hand these materials over to Mazzella as part of the purchase. The update is a relief to architecture fans who were outraged when West gutted the home, stripping windows, wiring, plumbing, and interior finishes to create a modernist bomb shelter. West’s plan was abandoned, and the house was relisted in January 2024 at $53 million, ultimately selling to Belmont for $21 million in September 2024.

    Belmont announced a $5 million restoration budget to revive Ando’s work, calling the purchase an opportunity to preserve an architectural gem. Yet he later relisted the property at $39 million, noting it was far from livable. Days later, he revealed a deal with Mazzella for $30–$34 million, but the sale fell through when Mazzella failed to secure financing. Belmont accused Mazzella of not meeting the agreed price and criticized his lack of due diligence. Mazzella countered that he had offered $27.5 million in cash, which Belmont rejected, and claimed he was misled about the restoration scope and the 500‑plus parties involved in the original investment, which deterred lenders.

    Mazzella said he expected Belmont to continue restoration during the deal’s finalization, only to discover work had stopped in April. He estimated the project would require “hundreds of thousands, maybe millions” more than initially thought, costs that surfaced gradually after the agreement. Despite the setback, Mazzella remained active in August, hoping to secure financing and close the deal, while Oppenheim indicated they would pursue other opportunities.

    The house’s history of controversy began when West gutted the entire structure, removing all windows, wiring, plumbing, and interior finishes, and then listed it again in January 2024 at $53 million. The property sold to Belmont for $21 million, who pledged to restore it. Belmont’s subsequent relisting at $39 million, then $34.9 million, reflects the challenges of reviving a gutted Ando masterpiece.

    Now, with restoration work poised to resume, the Malibu beach house is poised to return to its former glory—or a new incarnation—before finding a buyer. The project’s future hinges on Belmont’s ability to complete the rebuild and Mazzella’s capacity to secure financing, while the market watches the transformation of a once‑iconic, now‑controversial architectural landmark.