Kanye West Reportedly Buys $57.3M Malibu Beach House
Fresh off the release of 'Donda,' Kanye West reportedly dropped $57.3 million on a 4,000-square-foot beach house property in Malibu, California, TMZ reports.
Photo by Rich Fury/VF20/Getty Images
Fresh off the release of Donda, Kanye West has added another property to his real estate portfolio.
According to TMZ, the hip-hop mogul dropped $57.3 million on a 4,000-square-foot beach house in Malibu, California.
Acquired by West in an off-market deal with owner Richard Sachs, the property is designed by esteemed Japanese architect Tadao Ando, who is reportedly among the rapper’s favorite architects. The three-story home features four bedrooms and 4.5 bathrooms, and is directly on the beach, with views overlooking the Pacific Ocean.
Despite dropping nearly $60 million on the home, Kanye actually got quite a deal, as the house was originally listed last year for $75 million. Dirt reports Kanye’s $57.3 million purchase is the second-highest number paid for a house in Malibu this year, following a $87 million transaction that was recorded in February.
The property is located about 30 minutes from West and estranged wife Kim Kardashian’s Hidden Hills compound, which the couple bought in 2014 for $20 million.
The real estate purchase arrives just a month after Kanye dropped his latest album, Donda. Released last month, West’s 10th studio album debuted atop the Billboard 200, earning 309,000 album equivalent units for the week ending Sept. 2. Donda’s commercial performance bested his two previous albums, Jesus Is King and Ye, which debuted with 264,000 and 208,000 album equivalent units respectively.
Donda also amassed over 60 million streams in the U.S. on Apple Music in the first 24 hours of its release, setting a then-2021 record for the streaming service and becoming the third-highest total ever in that span.