Kanye West listed his Malibu estate at a staggering $4 million loss on Wednesday, signaling a decline in his once-booming real estate empire.
The rapper, producer and designer put the beach house, designed by contemporary minimalist architect Tadao Ando, on the market two years after purchasing it for $53 million.
West completely renovated the entire residence, but did not complete the renovations.
According to the Wall Street Journal, the home now lacks doors, windows, plumbing, electrical systems, HVAC and interior finishes.
“It will cost several million dollars to finish the house,” Selling Sunset’s Jason Oppenheim told the outlet. “Much of the architectural integrity and value of the house is there.”
The estate sale comes as stunning new images obtained by show the extent of the decline of Kanye's empire, including his seemingly abandoned ranch in Wyoming and his dilapidated Hidden Hills estate.
Kanye West listed his Malibu estate at a staggering $4 million loss on Wednesday, signaling a decline in his once-booming real estate empire; Seen in 2015
The rapper, producer and designer put the beach house, designed by contemporary minimalist architect Tadao Ando, on the market two years after purchasing it for $53 million
West completely renovated the entire residence, but did not complete the renovations
During his heyday, Kanye's stated goal was to become “one of the greatest real estate developers of all time,” but shocking new photos of his construction empire – including bizarre, futuristic domes – reveal the true extent of his crumbling legacy.
Just four years ago, West bought sprawling ranches in California and Wyoming, and his mega-mansion with his ex-wife Kim Kardashian was the envy of LA.
But since Ye spiraled out of control, from a series of outlandish antics to vile anti-Semitic slurs, his billion-dollar career has collapsed.
His global status as a fashion and music mogul vanished and his real estate ambitions – including bizarre Star Wars-inspired building developments – turned into rubble.
All that remains of his once bold goal of becoming “what Howard Hughes was to airplanes and Henry Ford was to cars” are now the bones.
In its current form, the building is a concrete shell exposed to the elements
The floor-to-ceiling windows facing the water had long since been removed
Railings and metal siding around the house are visibly rusted
Before Ye bought the mansion, it was listed for just under $75 million
But since Ye spiraled out of control, from a series of outlandish antics to vile anti-Semitic slurs, his billion-dollar career has collapsed
The church property in Northridge, California, where he planned to locate his Donda Academy
Earlier this year, Kanye West purchased property in Los Angeles with the intention of moving his Donda Academy there.
It was a $1.5 million property that Kanye purchased in March from Cornerstone Christian Church in the Northridge neighborhood.
However, his ambitions were quickly dashed by the local community and recent images of the property show it is now abandoned.
The images show the building in a dilapidated state, with shopping carts and broken furniture scattered around.
The interior remains a mystery as it is completely boarded up.
Earlier this year, Kanye West purchased property in Los Angeles with the intention of moving his Donda Academy there
It was a $1.5 million property that Kanye purchased in March from Cornerstone Christian Church in the Northridge neighborhood
The images show the building in a dilapidated state, with shopping carts and broken furniture scattered around.
Shocking new images show West's Calabasas ranch deserted, with only scattered trash and a stranded dune buggy remaining
The rapper's cryptic Donda Academy school was also reportedly located on the site, and props from the doomed institution were left at the scene
Ye's dilapidated properties in California, near his now-collapsed domed buildings, are a clear sign of his recent real estate problems
The rapper's abandoned $14 million ranch in Wyoming
In his typically bombastic style, West attempted another architectural experiment in “affordable housing” after purchasing a sprawling ranch in Wyoming that he purchased when he was reportedly “owned” by the Midwestern state several years ago.
The rapper was bought for a whopping $14 million in 2019 and set out to find success with his bizarre inventions. Over 1,100 miles from his troubled Calabasas estate, West saw the vast plains of Wyoming as the perfect backdrop to realize his unorthodox real estate ambitions.
Again aiming to build the outlandish structures, the rapper replicated his prototypes in California – except this time he seemingly used concrete-like walls instead of the wood and material grids he tried on the West Coast.
Images from July 2020 showed the ranch was a busy focal point of development, with numerous vehicles on the site as workers worked on the structures.
But now, with its fortunes collapsing and its public image shattered, new footage of Monster Lake Ranch shows it is effectively stranded.
While his divorce from Kim Kardashian made headlines and his escapades, including strutting around Paris in “White Lives Matter” T-shirts, ruined his legacy, West saw both his career and his real estate plans put on hold.
Stunning aerial photos taken this month show that while the structures remained standing despite his decision to use a hardened surface, they were left under a thick blanket of snow and almost no signs of life were visible for miles around.
Several other buildings that were once surrounded by cars and construction materials now appear abandoned, while the gray domes are the most striking focal point in the stunning Wyoming landscape.
West appears to build his Wyoming domes out of a concrete-like material, leaving the structures standing on the abandoned ranch
Surrounded by the stunning Wyoming landscape, the rapper's abandoned domes are an eyesore
Despite purchasing the ranch for a whopping $14 million, West appears to have abandoned the property
The design of the domes was inspired by structures on the fictional planet Tatooine from the Star Wars film series
His Hidden Hills homes across the street from ex Kim Kardashian
After buying a sprawling ranch in Calabasas, Los Angeles, for an estimated $3 million in 2019, West set to work building a futuristic domed community that left architects puzzled.
The 50-foot-tall “Yecosystems” were structures he hoped would help house L.A.’s rampant homeless population while also serving as a backdrop for Sunday Service, the gospel choir performance project he eventually took with him to Coachella .
West built the domes through the architecture division of his Yeezy label called Yeezy Home, which he founded in 2018. “We are looking for architects and industrial designers who want to make the world a better place,” he said at the time.
In an interview with Forbes a year later, the rapper showed off the early versions of the domes he created with a team of designers after being inspired by the fictional planet Tatooine from Star Wars.
He planned to build the prefabricated buildings in droves as shelters for the homeless, and even floated the idea of sinking them into the ground so that light would penetrate through their roofs.
During his heyday, Kanye's stated goal was to become “one of the greatest real estate developers of all time,” but shocking new photos of his construction empire – including bizarre, futuristic domes – reveal the true extent of his crumbling legacy
Just four years ago, West bought sprawling ranches in California and Wyoming, and his mega-mansion with his ex-wife Kim Kardashian was the envy of LA
His global status as a fashion and music mogul vanished and his real estate ambitions – including bizarre Star Wars-inspired building developments – turned into rubble
The buildings appeared to have survived severe damage
All that remains of his once bold goal of becoming “what Howard Hughes was to airplanes and Henry Ford was to cars” are now the bones.
Then, just two months after Kim Kardashian filed for divorce and officially took full ownership of the Hidden Hills marital home, Kanye West purchased a one-story home directly across the street.
He wanted the modest five-bedroom, four-bathroom home so badly that he paid $4.5 million – $421,000 over the seller's asking price.
Now it also appears to be abandoned as it still needs work.