Kanye West has some new digs!

The 44-year-old rapper recently purchased a new beachfront Malibu property for nearly $60 million, a real estate source confirms to PEOPLE.

“With views of the Pacific Ocean, the house has straight angles … with an emphasis on light. It clearly takes a very specific buyer to appreciate this home,” the insider says. “It was on the market … for over a year before Kanye bought it. It’s perfect for Kanye … He is very happy to be the new owner of this incredible house.”

The Yeezy designer also owns two massive ranches in Wyoming, and shares a home in Hidden Hills, California, with his estranged wife Kim Kardashian. The couple purchased the house for a reported $20 million in 2014, though Kris Jenner tweeted in April 2018 that the house’s worth had increased to $60 million.

Kardashian and West worked with architect Axel Vervoordt to create a unique all-white interior for the house.

When choosing the Belgian designer to come up with the ideas for their distinctive home, West told Architectural Digest, “When I saw the kind of work he was doing, I thought, This man could design Batman’s house. I had to work with him.”

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In a “73 Questions” video interview with Vogue, Kardashian gave a tour of the house and said that the vibe of the home was inspired by Vervoordt, and, of course, West.

“I would say [it’s] like a minimal monastery,” Kardashian explained in the video, which shows off many of the mansion’s massive, sparsely decorated rooms.