What a long, strange trip it’s been for this Malibu monstrosity — a journey that seems like it may never end.
The scheduled Tuesday morning auction for Kanye West’s former oceanfront mansion in the affluent coastal California enclave has been postponed for the second time in less than three weeks, The Post has learned.
The foreclosed property was initially scheduled to auction on March 19 behind the fountain in Civic Center Plaza in Pomona, Calif., located outside the city of Los Angeles. However, an eleventh-hour bankruptcy action was filed on the residence that day, which put a halt on that sale until April 7.
The new rain date is not immediately clear. As of that would-be auction date in March, the dwelling had some $21.1 million remaining on its loan.
Bo Belmont, the California-based developer whose Belwood Investments has owned the house since 2024, has reportedly planned to make $8.5 million in renovations to the structure and list it for sale.
“My stance remains the same: I will do everything in my power to ensure this home is not taken, and we finish the … restoration,” Belmont told The Post on Monday evening after news of the sale’s delay became clear. He added there have been issues with “an undercapitalized developer” who has allegedly prioritized his own ambitions — as well as a lender aiming to take the house back, and another for the refinance who has allegedly acted in bad faith. Belmont did not name any of those parties.
“Despite these factors, I am still pushing forward aggressively on behalf of everyone who has invested in this property,” Belmont said.
The saga surrounding this residence is equal parts lengthy and strange.
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West, otherwise known as “Ye,”purchased the oceanfront residencein 2021 for $57.25 million from the financier and art collector Richard Sachs, for whom it was built. It appears to be just one of six stand-alone single-family homes that Tadao Ando — the celebrated Japanese architect who won the prestigious Pritzker Prize in 1995 — designed in the United States. (In 2023, power couple Beyoncé and Jay-Zshelled out $200 millionfor a nearby Ando-designed oasis in Malibu, whose nine-figure price broke a California record at the time.)
West reportedly plannedon turning the property into a minimalistic bunker — or a luxury “bomb shelter” or a “bat cave.” So,he began a processof demolishing it — by stripping it of its electricity, plumbing, marble bathrooms and its windows. He even had two fire pits and a Jacuzzi taken out. It remains open to the elements — with bare bones and stripped down concrete — and an artist named Ryan Keeley has recently used it as his Pacific-facing painting studio.
West’s destructive teardown took place around the time his vile antisemitic outbursts and overall erratic behaviornabbed headline after headline, which notably cost him deals with Adidas and Gap.
The workwas also the subjectof a court battle in March. West ordered a handyman named Tony Saxon to strip the structure of those contents. Saxon, whom a Los Angeles jury awarded $140,000 for medical expenses and lost wages, originally sought $1.7 million. Saxon testified thathe took late-night tripswith the disgraced rapper to Home Depot to buy tools — only for West to get “distracted by a flower arrangement,” causing them to miss out on buying what they needed.
(In January, West took out a full-page ad in the Wall Street Journal apologizing for his disturbing episodes, which he claims originated from neurological damage sustained in a 2002 car accident. Meanwhile, this past week, West sold out two shows at SoFi Stadium in Los Angeles, netting $33 million as a result. One of them earned more than $18 million in ticket sales — one of the highest-grossing sales in the history of live music. However, on Monday, Pepsi and Diageowithdrew their sponsorshipof the 2026 Wireless Festival in the United Kingdom after West was announced its headliner.)
By December 2023, West abandoned the gutted residence anddecided to list itfor $53 million. He ultimately sold it in August 2024 for a profoundly discounted $21 million to Belmont’s crowdfunded real-estate firm.
Come 2025, Belmont’s 500-plus investors were set to receive an early pay day when the firmput the homeon the market for $39 million. Later that year, the property faced foreclosure, with the lender Quality Loan Service Corp. alleging in November that Belmont’s company fell behind on roughly $815,000 in payments at that time.
Quality Loan Service Corp. could not immediately be reached for comment.
