Kanye West Buys Beverly Hills Mansion for $35 Million
Kanye West has reportedly sold off his Malibu mansion to purchase a sprawling Beverly Hills property for a whopping $35 million.
The rapper and music producer invested in the 20,000-square feet property that has 11 rooms, 18 bathrooms, a tennis court, a pool, a pool house, cascading waterfalls, and a private gazebo overlooking the stunning skyline. He’s all set to move into his elite Beverly Hills mansion with his wife Bianca Censori.
The property was bought in an off-market deal by the Grammy winner. Sources reveal that “Gigi Gharai of Coldwell Banker Real Estate represented the seller and Jacob Greene, partner of The Altman Brothers team at Douglas Elliman, repped Kanye in the transaction.”
West has cut quite a good deal given the exclusivity of the neighborhood where real estate prices can skyrocket to unfathomable heights. Most properties in the area are luxuriously indulgent and opulent. Many A-listers from the entertainment and business world have lived or continue living in Beverly Hills, including Leonardo DiCaprio, Adele, Jennifer Aniston, Johnny Depp, Sylvester Stallone, Ellen DeGeneres, and others.
The rapper and musician joins the Beverly Hills elite and Hollywood royalty on their turf with his latest purchase.
West has been systematically investing in stunning properties, adding to his real estate portfolio. It even includes a ranch in Calabasas.
The rapper signed the deal on his Beverly Hills mansion after selling off his Malibu mansion at a loss of $36 million. He reportedly stripped and abandoned the house after buying it in 2021. It did not have any doors, windows, plumbing, or electricity when it was being sold.
The mansion was listed for sale in 2023 but did not attract buyers till West slashed the price by $15 million.
Even though his Malibu dwelling was designed by Japanese architecture genius Tadao Ando and happened to be one of the very few properties in America designed by him, it was a struggle to sell. The 4000-square feet space cost Ye $56 million to purchase but was listed on the market at a reduced price of $53 million.
However, it sold for only $39 million and even then, the deal was a struggle. The house, although stunning, was rather unusual.
