The artist, now known as Ye, got the beachside property in 2021 and started a full makeover that he never finished. “It will take several million dollars to finish the house,” listing agent Jason Oppenheim of the Oppenheim Group said, adding that the about 4,000-square-foot house needs windows and doors, as well as plumbing, electrical, HVAC, and interior finishes. 

The house was built in 2013 by Wall Street heavyweight Richard Sachs, who spent seven years on planning, permitting and construction, before listing the finished house for $75 million in 2020. Constructed out of Ando’s trademark smooth concrete, the house is made out of approximately 1,200 tons of concrete, 200 tons of steel and 12 pylons driven more than 60 feet into the sand, Oppenheim said. The three-story house has four bedrooms and giant window openings facing the water. There is another roughly 1,500 square feet of deck space.

Oppenheim said in its current condition, the house is a blank canvas. But he said, “Much of the architectural integrity and the architectural value of the house exists.” At this point, he added, the original finishes, which were removed, would have been somewhat dated. 

Malibu’s median home sale price was $3.5 million in November, down 21.3% compared with November 2022, according to Redfin. But Oppenheim said the market is still relatively strong. 

Earlier this year, Beyoncé and Jay-Z paid about $200 million for an oceanfront Ando-designed mansion in Malibu.