AceShowbiz - California-based real estate crowdfunding firm Belwood Investments has purchased Kanye West's former Malibu mansion for $57.3 million, three years after West made extensive renovations to the Tadao Ando-designed property. However, Bo Belmont, CEO of Belwood Investments, has criticized West's changes, calling them "dumb" and "pointless."

"He single-handedly destroyed this architectural masterpiece," Belmont told the Los Angeles Times. "My goal is to make it as though Kanye was never there. The house will be restored right back to what it was."

West reportedly removed windows, doors, electricity and plumbing from the home and planned to transform the stairs into a slide, the floor into trampolines and camouflage the outside of the house.

"It would have required extensive review," Belmont said. "There's a process to it, and he does things his own way. The city of Malibu doesn't care who you are; they'll hold you accountable."

Belwood Investments plans to restore the property to its original condition, preserving its architectural significance. Belmont stated, "This is not just a phenomenal real estate investment; it is an opportunity to revitalize and preserve an architectural gem by the renowned Tadao Ando."

West recently confirmed that he is working on a new solo album titled "Bully" and a third "Vultures" project. He debuted the single "Beauty and the Beast" at a listening event in China last week.