Sean 'Diddy' Combs Sells His Star Island Estate For $55 Million - TMZ
Sean 'Diddy' Combs has sold his Star Island estate in Miami for $55 million while currently serving a prison sentence. The property was purchased by JFStar LLC in an off-market deal, though Combs retains ownership of an adjacent property.
Why it matters
The sale of high-value real estate by a high-profile figure involved in ongoing legal proceedings draws significant public and media interest regarding asset management and legal consequences.
Sean "Diddy" Combs just unloaded one of his crown jewel properties on Miami's Star Island, selling it for a whopping $55 million, TMZ has confirmed.
The waterfront property -- at 1 West Star Island -- was purchased by JFStar LLC, a real estate holding company based in Newport News, Virginia Beach, according to The Real Deal, which first reported the story.
According to the publication, the giant sale appears to be an off-market deal with the buyer financing the purchase with an $18.5 million bank mortgage.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in