Sean “Diddy” Combs just unloaded one of his crown jewel properties on Miami’s Star Island, selling it for $55 million, according to BlkCosmo. The waterfront property at 1 West Island was purchased by JFStar LLC, a real estate holding company based in Newport News, Virginia, as first reported by The Real Deal.
The off-market deal came together with the buyer financing the purchase through an $18.5 million bank mortgage. The nearly 8,000 square foot property sits on roughly two acres and includes a two-story main residence, a guest house, six bedrooms, 8.5 bathrooms, a pool, spa, and waterfront dock access.
Sean “Diddy” Combs originally acquired the property from singer Gloria Estefan and her husband Emilio in 2021. Now, as he serves a 4-plus year federal sentence, the sale marks a significant asset liquidation from his once-sprawling Miami real estate portfolio.
Records show Combs still holds ownership of his primary Star Island residence at 2 Star Island, located directly adjacent to the property just sold. That property made headlines in March 2024 when federal agents raided it as part of their investigation into allegations of sex trafficking and racketeering. The newly sold 1 West Star Island was not included in that raid.
The legal landscape shifted when a trial jury found Combs not guilty of sex trafficking and racketeering charges but convicted him on two counts under the Mann Act for transporting people across state lines for sexual purposes. That conviction ultimately resulted in his current incarceration.
The $55 million sale appears to be one of several moves Combs or his representatives have made to address his financial obligations from behind bars, signaling a notable shift in how his once-prominent luxury real estate holdings are being managed.
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