Sean “Diddy” Combs has sold one of his waterfront mansions on Miami’s exclusive Star Island for $55 million, according to real estate records reviewed by The Real Deal, a significant financial move while he remains behind bars.
The six-bedroom, eight-and-a-half bathroom property, which has 240 feet of water frontage, a pool, spa and private dock, was purchased by JFStar LLC, a real estate holding company based in Newport News, Virginia.
The buyer financed part of the purchase with an $18.5 million mortgage from San Diego-based Axos Bank.
The complex was originally built in 1940 and expanded in 1995. Property records show Combs still owns the adjoining main house next door.
The sale comes as Combs, 56, continues to serve his prison sentence at Fort Dix, a low-security federal facility in southern New Jersey, after being convicted of two prostitution charges.
A jury acquitted him of the more serious charges of conspiracy and two counts of sex trafficking.
He is currently appealing his sentence, with three judges from the Second US Circuit Court of Appeals spending nearly two hours in early April hearing arguments from his legal team.
His attorney, Juda Engelmayer, has described Combs as deeply committed to the appeals process and characteristically determined.
“He’s become like a paralegal, if not a lawyer already,” Engelmayer said in June.
“My experience is that clients who are deeply involved in their cases are the ones who get further.”
He added that Combs remains “remarkably positive” and “hopeful” as he awaits the court’s decision, “looking back on his life and trying to figure out ways to improve and become a better person.”
Day to day, Combs is reported to shelve library books and work out in the yard at Fort Dix, where he also participates in the facility’s Residential Drug Abuse Program.
When he was arrested in September 2024, federal agents found ketamine, MDMA and prescription drugs in his New York City hotel room.
In a letter submitted before sentencing, Combs admitted he had “lost his way” into “drugs and excess”.
