Kanye West's Gutted Malibu Mansion Asking Price Drops by $14 Million

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Turns out real estate's not all about location, location, location ... 'cause Kanye West's gutted Malibu mansion's not a hot ticket item -- and he's slashed the cost a lot to sell it.

Guess The 'Love Island' Star Who Shared This Shredded Shot!TMZ has learned the mansion's price came down Wednesday ... It started with a $53 million price tag in January ... and has now dropped to $39 million this week. For those bad at math ... that's a $14 million price reduction.The drop isn't totally shocking ...

Seems not a lot of prospective new owners are jumping at the listing though ... the house is sorta languishing in the middle of one of the ritziest communities Los Angeles has to offer.BTW ... the 4,000+ square foot house has four bedrooms, five bathrooms, beautiful outdoor decks with views of the Pacific Ocean and close proximity to restaurants, shopping and more in Malibu. Now, if only it had some windows ... and some walls ... and a roof.

 

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